🛑 COSA C’È DA SAPERE SULLE NOVITÀ DELLE DETRAZIONI 2025 - Legge di bilancio

Summary

This video discusses recent changes to the Italian tax deduction system for the 730 income tax return. Key updates include new income-based limits on deductible expenses, with lower thresholds for individuals earning over €75,000, adjusted further based on family size. Certain expenses, like medical costs and existing mortgage interest, remain unaffected by these changes. The video explains the new rules for both future and existing tax deductions and highlights potential future adjustments. The speaker reassures that most taxpayers will not be affected by these limits, with exceptions for high earners and those with larger families.

Takeaways

• 😀 Tax deductions for the 730 tax return in Italy are changing, with a focus on income levels and family composition.
• 😀 Deductions will now have limits based on income, starting at €75,000, with further adjustments depending on family size.
• 😀 For incomes over €75,000, the base deduction limit starts at €14,000, but it can be reduced based on the number of family members.
• 😀 Single individuals with no children will have a reduced deduction limit of €7,000, while families with children can have higher limits.
• 😀 For individuals earning over €100,000, the deduction base limit drops to €8,000, with similar family-based adjustments.
• 😀 Medical expenses will remain unaffected by the new limits and will continue to be deductible for all income levels.
• 😀 Mortgage interest deductions will remain unchanged for current mortgages until the end of 2024, but new rules apply starting in 2025.
• 😀 Taxpayers under the €75,000 income threshold will not face any changes to their deduction limits for now.
• 😀 The new rules aim to increase revenue for the government by limiting deductions for higher-income earners.
• 😀 The new deduction limits are part of the 2024 budget and are likely to be implemented unless political changes occur.

Q & A

What are the key changes to tax deductions discussed in the script?

The key changes involve new limits on tax deductions based on income and family size. Higher-income earners will face stricter deduction limits, while medical expenses and mortgage interest deductions will remain largely unaffected for most taxpayers.

How does the income level affect the deduction limits?

For individuals with income above €75,000, the tax deduction limit starts at €14,000, which is then adjusted based on family size. For those earning more than €100,000, the limit reduces to €8,000.

What is the deduction limit for a single person earning above €75,000 with no children?

A single person earning above €75,000 without children will have a deduction limit of €7,000, which is calculated by halving the €14,000 base limit.

What happens to the tax deductions for individuals with more than two children?

For taxpayers with more than two children or a child with a disability, the base deduction limit of €14,000 remains unchanged, and the individual can claim the full amount.

How are mortgage interest deductions treated in the new tax rules?

Mortgage interest deductions remain applicable for mortgages contracted before December 31, 2024. However, for individuals buying homes in 2025 and beyond, the mortgage interest will be subject to stricter rules.

Are medical expenses affected by the new deduction limits?

No, medical expenses remain unaffected by the new deduction limits and can still be fully deducted regardless of income or family composition.

What is the new threshold for tax deductions when income exceeds €100,000?

For individuals earning over €100,000, the base deduction limit decreases to €8,000, which is again adjusted based on the number of dependents in the family.

How are renovation bonuses treated under the new tax rules?

Renovation bonuses are subject to the new deduction limits starting from January 2025. Only the annual portion of the renovation expense, not the total cost, is considered when calculating the deduction.

Will the new rules apply to all taxpayers?

No, the new limits on deductions mainly apply to taxpayers with an income exceeding €75,000. Those with lower incomes will not be affected by these limits.

What is the significance of the new tax deduction limits for the government?

The government aims to generate additional tax revenue from high-income individuals while protecting the deduction benefits for middle and low-income taxpayers. This change is expected to bring in over a billion euros in revenue.