What is the reference standard?
Currently it is the “Omnibus Decree”. This measure provided a bonus of 100 euros to employees with a total income of no more than 28,000 euros. The compensation, regulated in detail by article 2-bis, inserted at the time of the conversion of legislative decree 113/2024 with law 143/2024, follows the disbursement methods already provided for other types of bonuses (for example supplementary income from employment article 1 ). , legislative decree 3/2020).
Who is entitled to the bonus?
A bonus of 100 euros per year is available to employees. These apply exclusively to holders of employed income referred to in Article 49 of the TUIR, without excluding holders of pension income. In fact, it is expected to be paid “along with the thirteenth month’s salary”, a remuneration element related to employment subcontracts, and is confirmed by circular no. 19/E from the Revenue Agency on 10 October 2024. Holders of income from work assimilated to the employment referred to in Article 50 of the TUIR are therefore excluded (eg coordinated and continuous collaborators).
What are the requirements to be eligible?
Having reached a total income of no more than 28,000 euros in the tax period 2024. In addition, the worker must be financially dependent on a spouse who is not legally and effectively separated and on at least one child . Or at least one dependent child in the case of a single spouse who is in the conditions referred to in article 12, c. 1 letter c) of the TUIR. The gross tax calculated on employee income referred to in article 49, excluding pension income, must be higher than the employee deduction referred to in Article 13 of the TUIR. For the tax period 2024, the amount that represents the threshold of the so-called “tax area” according to the provisions of Article 1 of Legislative Decree 216/2023 is 8,500 euros (see also Revenue Agency circular no. 2 / E of 2024).
When are children considered dependent?
Section 2 of Article 12 of the TUIR provides that people must have a total income, also taking into account the salaries paid by international bodies and organizations, diplomatic and consular representations and missions, as well as those paid by the Holy See, at the bodies. managed directly by him and the central bodies of the Catholic Church, not exceeding 2,840.51 euros, gross of deductible fees. For children up to twenty-four years of age, the total income limit referred to in the first period is raised to 4,000 euros. The condition is also relevant after the universal single allowance comes into force. Paragraph 4 of Article 12 provides, in fact, for the purposes of the tax provisions that refer to the persons mentioned in the same article, while also recalling the conditions provided for in it, the children for whom the deduction is based on the letter c . entitled ) of paragraph 1 to be considered in the same way as children to whom this deduction is due.
How is the total income not more than 28 thousand euros calculated?
It must be calculated net of the main residence, taking into account the so-called reference income, calculating the exempt part of subsidized income as well as those subject to surrogate tax. Revenue Agency circular 19/E of 2024 indicates that, when calculating the total income, the income subject to flat tax, the income subject to substitute tax in the application of the flat rate system, the ACE subsidy quota and the sums. which customers donate to private sector workers employed in hospitality facilities and food and beverage outlets. In addition, through the express provision of article 2-bis, paragraph 3, of Legislative Decree 113/2024, the exempt part of the following subsidized incomes is also noted: incentives to bring back researchers living abroad to Italy (Art. 44, paragraph 1). , of Legislative Decree no. 78/2010, converted, with amendments, by law no. 122/2010); special regime for imperial workers (article 16 of legislative decree 147/2015 and article 5, paragraphs 2-bis, 2-ter and 2-quater, Legislative Decree 34/2019 converted with amendments by law 58/2019 and article 5 of the Treaty on the Functioning of the European Union). legislative decree 209/2023).
Interviewer: Welcome to this special segment of Time.news! Today, we’re diving into a hot topic that’s been on everyone’s mind recently: the new 100-euro bonus for employees, outlined in the Omnibus Decree. With me is Dr. Sofia Ricci, an expert in labor economics. Sofia, thank you for joining us today!
Dr. Ricci: Thank you for having me! I’m excited to discuss this important policy.
Interviewer: Let’s get right into it. Can you explain for our viewers what exactly is the Omnibus Decree and its significance in the context of this bonus?
Dr. Ricci: Absolutely. The Omnibus Decree serves as a comprehensive framework for several reforms and measures, including this new 100-euro bonus aimed at supporting employees. It’s particularly significant because it addresses financial pressures faced by low- to middle-income workers—those earning up to 28,000 euros annually. This initiative not only offers immediate financial relief but also reinforces the government’s commitment to aid those most affected by rising living costs.
Interviewer: You mentioned that this bonus is specifically targeted at employees. Who is entitled to receive it?
Dr. Ricci: The bonus is available to employees whose total income falls below the 28,000-euro threshold. Notably, this includes pension income, which is an important aspect of the policy. The payment is structured to be disbursed alongside the thirteenth salary, making it more accessible for workers. However, it’s essential to note that individuals in employment types not falling under Article 49 of the TUIR, such as certain freelancers or collaborators, are ineligible for this bonus.
Interviewer: That makes sense. Now, eligibility seems to hinge on certain requirements. Can you detail those for us?
Dr. Ricci: Yes, certainly. To qualify, individuals must have a total income not exceeding 28,000 euros for the tax period of 2024. Additionally, they need to be financially dependent on a spouse—not legally separated—who also has at least one dependent child. There are considerations for households with a single spouse as well, so it’s crucial that people understand these stipulations to determine their eligibility. Moreover, the employee’s gross taxable income must exceed a predetermined threshold, which is currently set at 8,500 euros for the 2024 tax year.
Interviewer: It sounds like there’s quite a framework surrounding this incentive. What can you tell us about how dependent children are defined under this decree?
Dr. Ricci: This is an important aspect! According to Section 2 of Article 12 of the TUIR, a dependent child is generally one whose total income does not exceed 2,840.51 euros. However, for children up to 24 years old, this limit increases to 4,000 euros, which can offer some flexibility for families. This distinction helps ensure that the bonus supports households with young dependents, who may still be in education or just starting their careers.
Interviewer: Those numbers are quite relatable to many families. How do you see this bonus impacting the economy on a broader scale?
Dr. Ricci: This bonus could have several positive ripple effects. By putting money directly into the hands of lower-income workers, it stimulates consumption, an essential driver of economic growth. Furthermore, by alleviating financial stress, it can also enhance productivity, as employees may feel more secure and motivated in their roles. Over time, if more people feel financially stable, we could see improvements in overall economic sentiment, which is crucial for recovery and growth, particularly in the post-COVID landscape.
Interviewer: Excellent points, Sofia. As we wrap up, is there any advice you’d give to employees who think they may qualify for this bonus?
Dr. Ricci: Definitely! First and foremost, I encourage employees to assess their total income carefully, as well as their family situation regarding dependent children. They should verify their eligibility against the outlined criteria and keep an eye on communications from their employers regarding payment dates. Additionally, understanding the tax implications is crucial for making informed financial decisions. Seeking assistance from a tax professional might also be beneficial for anyone unsure about their situation.
Interviewer: Thank you, Dr. Ricci, for your insights and clarity on this significant topic. It’s been a pleasure having you here!
Dr. Ricci: Thank you for having me! It was my pleasure to share this information.
Interviewer: And thank you to our viewers for tuning in. Stay informed with Time.news for more insights on current affairs impacting your life!