The last weeks of the year are key to trying to save on the amount to be paid for the Personal Income Tax (IRPF) corresponding to this year, which will be settled in the spring 2023. Next, we explain how to reduce the financial amount to be paid.
a mistake is disregard pension plans, since the money contributed to this financial product is deducted from the tax base. However, it should be borne in mind that the limit is 1,500 euros, as indicated by the portal Business Insider.
Not improving the energy efficiency of the home It is another of the errors that can lead to a greater disbursement of money before the Tax Agency. Well, if works are undertaken both in a property that is owned or rented with this objective, it can be deducted between 20% and 30% of the amount of the work carried out.
It also contributes to increasing the amount to be paid to the tax authorities not amortize the mortgage. It should be noted that all the homes purchased before 2013 can benefit from a tax deduction on the mortgage loan, which can reach up to 15% of the amount invested, with a cap of 9,040 euros per year.
The fact of not be supportive is another of the errors contemplated, since people who contribute financially to NGOs or foundations can deduct the 80% of the first 150 euros they contribute. However, when the amount is greater than this amount, the taxpayer can deduct the 35% and if it has been donated for more than two years to the same organization, the percentage rises to 40%.
Not taking advantage of deductions for being self-employed is another common mistake. Although the most common deductions are usually linked to the purchase of material for work, they also exist for fuel, uniforms and even mobile phones.