To all taxpayers who have made any liberal donationssome are recognized tax breaksin the form of:
- Tax deductions
- Deductions from IRPEF taxable income.
The deductible charges they directly affect the gross tax, reducing the tax payable by the taxpayer. The deductible chargeshowever, are expenses that can be deducted from the overall income relevant for Irpef purposes, before calculating the tax.
Therefore all taxpayers who have made donations to non-profit organizations can benefit from the deductions of tax of the 19%, 26%, 30% or 35% depending on the characteristics and nature of the organization receiving the donation.
For the same delivery it is not possible to benefit from both the deduction and the deduction. The objective of the tax relief is to support this type of charitable donations in favor of entities that operate mainly in the social field.
As an alternative to the deduction, the taxpayer, in exchange for the donation made, can benefit from the deduction from his total income.
For donations, the provisions introduced by art. apply. 1 co. 629 of Law no. 160/19 in relation to the parameterization to the total income, only for the deductions provided for by the art. 15 of the TUIR. Furthermore, for the year 2024, a reduction of 260 euros is expected in the overall deduction due to taxpayers who have a total income exceeding 50,000 euros.
The deduction is decreased by 260 euros for charges whose deductibility is set at 19% by the TUIR or other tax provisions, with the exception of healthcare expenses referred to in art. 15 co. 1 letter c) of the TUIR.
Finally, the 19% IRPEF deduction is only available if the expense was paid using one of the following methods. These are the following:
- Bank or postal transfer;
- Other payment systems, other than cash payment, provided for by art. 23 of Legislative Decree no. 241/97.
This for the moment is all there is to know about it and if you have any kind of doubt, ask your consultant or the Caf that follows your procedures.
