2024-03-26 05:02:08
There is little left to have to file the 2024 Income Tax return and there will be many who begin to collect information about the tax deductions of which they may be beneficiaries to pay less taxes. For births or adoption of children, for rehabilitation of the habitual residence or for rent, with deductible amounts depending on the autonomous communities are some of the same.
In addition to this, pension plans, donations to NGOs and contributions to political parties, unions or certain schoolchildren are also deductible based on the sum of the contributions made during the 2023 financial year.
In this area, know that there are also five types of insurance that you can deduct in the 2024 Income Tax return, always under compliance with a series of conditions.
Life and home insurance
Both life and home insurance can be deducted from this year’s income if they are linked to a mortgage signed before January 1, 2023, up to a maximum of 15% of the deduction base.
In the specific case of home policies, self-employed people who work in the home and taxpayers who rent their home can also deduct a small amount.
Health and disability insurance
All self-employed taxpayers can deduct health and disability insurance on their income tax return as long as the policy is paid for by the company.
A different case is for self-employed taxpayers who can deduct “the health insurance premiums paid by the taxpayer in the part corresponding to their own coverage and that of their spouse and children under twenty-five years of age who live with them.” “, states the personal income tax law, up to a maximum of 500 euros, extendable to 1,500 euros in the case of people with disabilities.
Liability insurance
Taxpayers can deduct this insurance from their 2023-2024 income as long as they are self-employed and it is linked to their professional activity. Under no circumstances can those who have a contract but are employed workers be beneficiaries of this deduction.
Car insurance
Self-employed people who use the car for professional purposes may be beneficiaries of a deduction for the insurance paid. The applicable percentage of the deduction depends on the number of cars. If you have only one, 50% of the premium can be deducted since the Treasury understands that it is also used for personal purposes. In the case of having two, 100% of the vehicle used for work activity can be deducted.
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