More than twenty million citizens are obliged to pay accounts with the Tax Agency in the 2023-2024 income campaign. The forecast of this organization is to receive 18,908 million euros from the seven million taxpayers who will have to pay this year. From the Registry of Tax Advisory Economists (REAF) they recommend taking into account and applying all the tax benefits to which you are entitled to reduce the Treasury bill.
Among the most notable tax cuts to reduce the amount to be paid, the following five stand out:
Contributions to social security systems continue to give the right to reduce the tax base - the sum of income and income of a taxpayer during a year. Thus, any citizen can reduce contributions to a pension plan by up to 1,500 euros. Amount that, however, cannot exceed 30% of the sum of net income from work.
This limit increases to 8,500 euros if the contribution is for employment pension plans, which promote companies and institutions for their employees. Reduction that in the case of self-employed workers is limited to 4,250 euros, apart from the 1,500 euros allocated to individual plans.
The reduction for contributions to social security systems is a way to "defer" the payment of taxes, recognizes Rubén Gimeno, technical secretary of REAF Asesores Fiscales, since once money is withdrawn from the plan, it must be taxed, but with One nuance: if the contributions were made before 2006, "if everything is redeemed in the form of capital at once, it can be reduced by up to 40%" of the amount.
Likewise, taxpayers who have carried out works to improve energy efficiency in a habitual residence, even if it is rented, can benefit from three deductions - not simultaneously. The first allows a deduction of up to 20% of the amounts paid for works that help reduce heating and cooling demand by at least 7%. It is also possible to deduct 40% of the amounts paid for works carried out to reduce at least 30% of non-renewable primary energy consumption or that improve the energy efficiency of the home to obtain an A or B classification.
Finally, a third deduction is established for rehabilitation works that improve energy efficiency in buildings with predominantly residential use. To apply these deductions "you must have two energy efficiency certificates – issued by a professional – one with a date prior to the work and another with a date after it," REAF reminds us.
On the other hand, taxpayers who have purchased a new electric car also have an incentive in this year's income campaign, since a deduction of 15% of the purchase value of an electric vehicle is introduced, with a limit of 20,000 euros. In order to benefit from this tax reduction, it is essential that the acquisition had been made between June 30, 2023 and December 31 of that year. The application of the deduction is also contemplated in the case of deliveries on account within said period and under certain conditions. Through this deduction, the taxpayer can reduce up to 3,000 euros. Another requirement is that the car purchased has to be new "and not 0 km," clarifies Gimeno.
In addition, a deduction of 15% may be applied, with a maximum base of 4,000 euros, of the cost paid for the installation, within the same previous period, of battery charging systems for electric vehicles. To benefit from this deduction, the taxpayer must install the charging system in their home or parking lot owned by a community of neighbors, for example. "The rule limits this deduction to a property not affected by an economic activity. If I have a company or store it would not be valid," Gimeno clarifies. The deduction can reach up to 600 euros, but warns that the amount of the invoice "cannot be paid in cash."
Mothers with children under three years of age who were receiving unemployment benefits at the time of birth will also be entitled to the maternity tax deduction of 1,200 euros per year, from which only those women who benefited until the previous income campaign benefited. they worked Another case that gives the right to the maternity deduction is having contributed 30 days or more after the birth. In addition, women who collect this deduction may deduct up to an additional 1,000 euros for custody expenses for a child under three years of age in daycare centers or early childhood education centers.
Finally, and before confirming the draft, it is necessary to pay attention to the list of deductions that are specifically applied in each autonomous community. Other tax benefits with which the taxpayer can save hundreds of euros on income.
