Download on income and in the 730 model some expenses is a solution to pay less taxes
The general rule is this: when we talk about deducting something from your income, we are referring to deductions. In fact, the TUIR (Consolidated Income Tax Act) provides for numerous deductible expenses that the taxpayer can use to recover the IRPEF paid or to pay less.
But What are these deductions? It is important to know that in 730 of 2024 expenses incurred in 2023 can be downloaded, just as the income to be declared to pay taxes is that of 2023.
Below is a detailed guide to deductions.
Here are all the things to download in the 730 model, even the less common ones
The most common expenses to be deducted from the income (and in the 730 model) are undoubtedly health, medical or pharmaceutical ones. These expenses can be borne directly by the declaring taxpayer or by his tax dependent family members.
From the purchase of drugs and medical devices in pharmacies to laboratory tests, all these expenses can be deducted, allowing the taxpayer to recover 19% of the amount paid. There are no spending limits, except for expenses exceeding 15,493.71 euros, which must be paid in installments over four years of the same amount. However, there is a deductible of 129.11 euros, which means that the deduction is not available on the first 129.11 euros of expenditure.
Veterinary expenses are also subject to this deductible, but it is not possible to deduct expenses exceeding 500 euros. In practice, with veterinary expenses only 19% of 370.89 euros are recovered and only if the taxpayer has incomes up to 240,000 euros (from 120,000 to 240,000 the deduction decreases).
Download your children’s expenses, here’s how to do it with the 730 model
Expenses for dependent family members, such as children, can also be discharged. Among these, sports expenses concern exclusively children between the ages of 5 and 18 (but also other dependent family members of the same age).
Expenses for sports associations, gyms, swimming pools and any other activity carried out by children, if connected to an amateur sports practice, can be deducted up to a maximum of 210 euros of expenditure per child (always 19% to be recovered).
School and university expenses also guarantee a 19% deduction. Nursery school fees, both public and private, have a maximum deduction limit of 632 euros per child. For education costs, from primary schools to university, the threshold is 800 euros per child. While for off-site students with a rent to pay, the maximum ceiling is 2,633 euros. But only if the university attended is more than 100 km from home.
Children enrolled in AFAM (Higher Artistic Musical Coreutical Education) are entitled to a specific deduction up to the maximum limit of 1000 euros, provided that the age of the children is between 5 and 18 years and the maximum income limit to benefit from the deduction is 36,000 euros. For children affected by Specific Learning Disabilities (DSA), until the end of high school, the taxpayer has the right to discharge without deductible the expenses incurred for the purchase of tools related to these disorders.
Expenses for disabled family members, here’s what you can download
19% can also be deducted for expenses incurred for the taxpayer or for dependent family members suffering from disabilities. These expenses include the purchase of walking equipment, specific vehicles for disabled people, IT tools, guide dogs and so on.
Even expenses for carers, especially for disabled or simply elderly people, can always be deducted at 19% but with a maximum threshold of 2,100 euros for those with an income of less than 40,000 euros. Public transport expenses for the taxpayer or family members can be deducted up to a total maximum of 250 euros, provided they are borne by the declarant.
Those who have purchased their first home and have taken out a mortgage can recover 19% of the interest paid on the previous year’s installments, and up to a limit of 4,000 euros if it is a mortgage for the purchase, or 2,582 euros if it is a renovation loan.
Chapter renovations and bonuses, here are the things to download in the 730 model
For home renovations and similar works, 50% of the amount spent can be recovered in ten equal annual installments, up to a maximum of 96,000 euros of deductible expenses. For interventions aimed at making your home energy efficient, the deduction can reach up to 65% of the expenditure incurred. Always in ten annual installments of the same amount.
Seismic risk, however, provides for the deduction of 80% of the expenditure incurred. Always linked to renovation works (driving works), 50% of the costs for the purchase of large appliances or furniture can also be deducted. But up to the maximum limit of 8,000 euros for properties renovated between 2022 and 2023. For landscaping works (gardens and similar), up to 5,000 euros of expenses can be deducted, but at 36%.
Those who have taken advantage of the famous Superbonus can recover 110% of what they spent. But only if the taxpayer has not used different formulas such as credit assignment or invoice discount.
Some little-known and little-used expenses to take advantage of deductions
Anyone who insures their home against natural disasters has the right to deduct 19% of the cost of the policy in the 730 form. For those who live in rent it is also possible to download the rent incurred. But the rules are particular because the deduction is not 19%, 36%, and so on.
The deduction for rental payments is based on the declarant’s total income, the number of days provided for in the rental contract, the possible number of holders of the rental contract, and so on.
Only for young people under 31 years of age (31 years of age not yet reached), the rent deduction is equal to 20%. But only if the annual fee paid is between 991.60 and 2,000 euros. Always deductions for rent even for off-site workers.
Anyone who, for work-related reasons, moves their home to a municipality that is more than 100 km from home can deduct the relevant rent. But only for the first three years of the transfer. The deduction is equal to 991.60 euros for taxpayers with incomes up to the threshold of 15,493.71 euros. And 495.80 euros for taxpayers with incomes up to 30,987.41 euros.
Here are further clarifications on the expenses that can be downloaded into the 730 model
Even for individuals who are not fiscally dependent and even for individuals not connected by family or affinity ties, there are deductions of up to a maximum of 1,550 euros for funeral expenses incurred. This is a very important deduction in the 730 form for funeral expenses also from the previous year. The compulsory RCA policy for traveling with motor vehicles on public roads gives the right to the deduction. But only for the part of spending relating to the National Health Service.
Furthermore, if there are additional guarantees disconnected from the Civil Liability policy, the premiums for these guarantees can be downloaded. We are talking about accident insurance. Life insurance can also be deducted, amounting to 19% of a maximum of 750 euros per year. The life insurance policy, which also includes coverage against permanent disability and death, gives the right to a 19% deduction up to 530 euros of expenses for contracts stipulated before 2001.
The threshold rises to 1,291.14 euros for policies against the risk of disability with relative non-self-sufficiency in carrying out normal acts of daily life.
