Are the premiums paid to the insurance deductible? It seems so, so let’s see to what extent, and if the premiums are all deductible or not. With the right operations, in the tax return 2022, for the income 2021, you can get a certain saving.
This is variable in relation to what is undersigned by the user in question. To answer a fundamental question that often arises, insurance premiums are not always deductible, but it depends on the category specific of the insurance, or what are the insured events. This counts also for the auto branch. In those almost in which I insurance premiums I am deductiblethe 19% deduction can be really convenient for certain categories of users, just as we are now preparing to evaluate.
In the case of car insurance, those benefit policies related announcement calamitous eventsthose against injuriesand those a protection of people with severe disabilities. They are deductible by the taxpayer if stipulated, these policies, for themselves, or for a tax-dependent family member. Therefore, when the policy options include those mentioned above, do not forget to make the deduction! Another feature is that the payment of the prizes to be downloaded as a deduction has occurred with mode trace. These include bank transfer, debit card, credit card, and others.
Then there is one prescription to be taken into account without fail, that concerning the total income of the taxpayer who benefits from it, introduced in 2020. If, in fact, the total income is in the limit you look 120,000 eurosthe deduction provided is fully eligible, i.e. with thefull share of 19%. If, on the contrary, the user exceeds 120,000 euros of total income over the year, the deduction will always be possible, but in proportion established with respect to the size of the income. If, on the other hand, you exceed the threshold of 240,000 euros for the total income, the deduction Not is more workable. Income from flat rate tax is also included in this calculation.
The compilation of form 730 to take advantage of the deductions
The compilation of the lines E8, E9, and E10 is dedicated toexposure of the expenses incurred. On framework Eentitled “Charges and expenses”, select the appropriate wording “Expenses for which the tax deduction of 19% 26% 30% 35% or 90% is due”. For the compilation of the respective lines, it must be reported The expense codealongside the indication of the amount spent, rounded to the nearest euro.
For the life and accident insuranceThe code is 36for those to protect people with severe disabilitiesthe code is 38for those against calamitous eventsthe code is 43. On the last point, mind you, insurance against the risk of calamitous events differ from those, again for calamitous events but stipulated at the same time as the assignment from tax credit related to Earthquake-bonus. For the latter, in fact, the expense code is 81.
