Renovation bonus and ecobonus expiring at the end of the year, the extension is no longer a given

Renovation bonus and ecobonusfinal call (perhaps) for home improvement deductions.

For the set from the most used building concessions by taxpayers to renovate and energetically redevelop their homes there final date of use is set at 31 December 2024.

If in recent years the extension of the incentives has in fact been discounted, and already anticipated in the DEF presented in April by the successive Governments, on the renewal for 2025 they weigh several unknowns.

The DEF “dry” presented by the Meloni Government does not provide certainties, on the contrary. We go towards one profound reform of building bonuseswhich could also affect the renovation bonus, the related furniture bonus and the ecobonus.

Renovation bonus and ecobonus expiring at the end of the year, the extension is no longer a given

The long history of the. seems destined to come to an end tax deductions on home improvement work.

The MEF is working on the development of one profound reform of building subsidieswhich according to the first advances provided in the Senate by the Director of the Department of Finance, would aim to transform deductions into contributions on demand.

After the chaos generated by superbonuswe therefore aim for a system with more restricted access and easier to monitor.

In the viewfinder there is therefore the fate of incentives for which the date of expiration it is already put in black and white and is fixed to the December 31, 2024.

First of all the restructuring bonus, which after years of extensions and changes it could therefore disappear (at least in the form foreseen today). This is the 50 percent tax deduction, recognized up to a maximum of 96,000 euros, which facilitates the redevelopment work of individual buildings and the common areas of condominium buildings.

First introduced by law no. 499/1997 with a percentage of 41% of the expenses incurred, the deductions for building renovations were made stable by legislative decree no. 201/2011, with the inclusion of article 16-bis in the TUIR.

Ordinarily however, the restructuring bonus is equal to 36 percent and within the spending limit of 48,000 euros. The first regulatory intervention to increase the deductible percentage and the ceiling of admitted costs was introduced by law decree n. 83/2012 starting from 26 June of the same year.

The “increased” restructuring bonus has been the subject of several extensions, which for 12 years they allow those who carry out subsidized home work to benefit from the highest deduction.

In parallel with renovations, the Tax Office also facilitates the purchase of furniture and appliances, but also in this case exclusively until 31 December 2024 according to the current framework.

End of the year with stop risk also for the ecobonus, the deduction for energy requalification introduced by financial law no. 296/2006, starting from 2007 and amended several times over the years, anchored to the date of December 31, 2024.

Because the extension of bonuses on renovation and energy saving is no longer a certainty

The fate of building bonuses is intertwined with the new rules of European governance, which impose a greater control of public accounts and a progressive reduction of debt.

The experience of superbonus therefore represents the “lighthouse” for the Government in its work on the structure of new incentives for taxpayers, also in light of the plan dictated by the Green Houses directive which in the coming years will effectively make mandatory for most property owners less energy efficient to perform redevelopment interventions.

The first official previews on house bonus reform were provided by Director of the MEF Finance DepartmentSpalletta, at a hearing in the Senate Finance Committee on 16 April.

We’re talking about a significant change of pace and in particular the possibility of moving from the tax credit system to a sort of non-repayable contribution plan. Concessions therefore with the need to submit a prior application, and with income limits and requirements on the beneficiary front.

The deductions, which to date have in fact mostly benefited those with higher incomes, who have a higher fiscal capacity to absorb the annual quotas of bonuses due for the work carried out, could therefore give way to over-the-counter subsidies.

A possibility that is also linked to the need to monitor cash flow in advance generated by the benefits requested, and therefore to leave the public accounts in order.

In any case, we are only at the beginning stages of a discussion which will most likely come to a close only at the end of the year and in view of the preparation of the Budget Bill 2025 expected at the end of October.