The new income season has started with the approval of the new model by the Inland Revenue, with several new features
Already available for a first reading, the main tax model, that is the 730 model. On the website of the Revenue Agency, in addition to the new model, there are also the first hints of the new features. And for the deductions, these innovations, in addition to being different, are also quite important. Let’s see a first analysis of what’s new in the 730 model.
New tax returns 2022
With the approval by the Revenue Agency of the new model 730, everything is ready for the new tax returns. And there are several news, especially on deductions.
The expenses that millions of Italians commonly download from their income every year are certainly the most important part of the declarations, or at least, the most important part from the taxpayer’s point of view.
Pharmacy expenses, medical examinations, specialist treatments, children’s sports expenses, education expenses, and so on. The list of things that Italian taxpayers can download the year following the one in which they present the 730 is, as always, extremely vast.
For 730/2022 the tax year is 2021, so the expenses that give the right to deductions are precisely those incurred from January 1st 2021 to December 31st 2021.
Irpef bonus, in 2021 full year at 100 euros per month
If in 2021 the Italian taxpayers in their tax returns had to calculate two different Irpef bonuses for two different periods, this year we switch to the full Irpef bonus.
In fact, for the 2020 tax year there was the Renzi bonus of 80 euros per month to be applied for the period from 1 January 2020 to 30 June 2020. And then, by virtue of the new Irpef bonus of 100 euros per month, from the first July to December 31, this new tax relief was adopted.
For the tax year 2021, on the other hand, a full Irpef bonus payable, equal to 1,200 euros per year.
It should be remembered that the bonus is entirely usable for taxpayers with incomes up to € 28,000, while it is scaled up until it is no longer usable, for incomes above € 28,000 and up to € 40,000.
Tax deductions, the news
A novelty that affects many families is the deduction for veterinary expenses. Given the widespread use of pets in Italian homes, this is an expense item and therefore a rather frequent deduction.
For the tax year 2021, the maximum deductible expenditure ceiling was raised to 550 euros.
The pet must of course be kept regularly.
The deduction for enrollment in music schools and similar (conservatories) is one of the novelties for 2022. It concerns children up to 18 years of age, with a maximum ceiling of 1,000 euros and with a deduction due only to taxpayers with incomes below 36,000 euros.
Deductions 730, what’s new on the house
For 2022 it is possible to present useful information to access the concessions for the purchase of a home to be used as a first home if it concerns young taxpayers aged up to 36 years of age on the date of request for the tax benefit. It should be remembered that this is a concession linked to an Isee limit which must be up to 40,000 euros.
Still remaining in the real estate sector, renovations are always a hot topic in terms of tax breaks. In fact, the 110% Super-bonus has been confirmed, for interventions relating to the removal of architectural barriers, for example, or the Earthquake-bonus or the Eco-bonus. But even the Facade Bonus remains usable. We refer to the work carried out during the tax year 2021 of course, which, as already mentioned, is the reference year for the next tax returns.
A novelty introduced this year concerns the Furniture and Appliances Bonus. The subsidy for expenses incurred in 2021 remains the known one, with a maximum spending ceiling of 16,000 euros for the purchase of furniture and household appliances connected to other building renovation works.
What is already underlined is that if the purchase arrives in the course of 2022 and therefore if you intend to use the bonus next year, with the 730/2023 for example, the maximum spending ceiling has dropped drastically. A decalage that will also cover the following two years. In fact, for expenses incurred from 1 January 2022 to 31 December 2022, the eligible spending limit goes from 16,000 euros to 10,000 euros. For 2023 and 2024, on the other hand, it will still drop to 5,000 euros.
–
