From this April 2 you can make the income statement corresponding to exercise 2024which will remain open until June 30. In addition to the general deductions of the State, there are several specific deductions for taxpayers residing in the Balearic Islands.
Autonomous deductions in the Balearic Islands are divided into four major categories: personal and family circumstances, habitual housing, donations and donations, and other concepts.
Deductions in Balearic Islands for personal and family circumstances:
Those who have hosted children under six and face expenses such as nursery, custody, school dining room, extracurricular activities or contracting caregivers for reconciliation reasons, can be deduced up to 40% of the total annual inverted.
This percentage increases up to 50% when the person who welcomes is under 36 years old, recognized disability equal to or greater than 33%, the right to minimum by descendants or is part of a single -parent family, provided that they meet other additional tax requirements.
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For physical, psychic or sensory disability of the taxpayer or its descendants.
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For expenses derived from family conciliation related to descendants under six years.
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By birth: rent limits are increased to apply this deduction, up to € 52,800 in individual taxation and € 84.480 in joint. In addition, if these limits are exceeded, 50% of the deduction can be applied.
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By adoption.
Deductions in Balearic Islands for habitual housing:
Taxpayers who temporarily reside in the Balearic Islands for work reasons can apply A 15% deduction on annual rental expenses, with a maximum deductible of 440 euros per year.
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By investments aimed at improving energy sustainability in habitual housing.
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By habitual lease within the Balearic territory.
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For rent derived from temporary transfer for work reasons.
Deductions in the Balearic Islands for donations and donations:
Those who financially support the promotion of the use of Catalan through monetary donations can be deducted 15% of these contributions, with a limit of 10% of the full autonomous quota.
Donations to social entities belonging to the third sector allow to deduce 25% of the total contributed, with an annual maximum of 165 euros, provided that the beneficiary entities appear in the Official Registry of the Ministry of Families and Social Affairs and is properly certified.
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Donations to entities that promote scientific research, technological development or innovation.
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Donations, assignments or agreements oriented to cultural, scientific or technological patronage, as well as cultural consumption.
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Donations, assignments or agreements addressed to sports patronage.
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Donations to entities to promote Catalan language.
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Donations to third sector organizations.
Deductions in the Balearic Islands for other concepts:
They can deduce extracurricular expenses Linked to learning foreign languages for students of early childhood, ESO, ESO, Baccalaureate or training cycles, with a maximum of 110 euros per child. In bilingual schools, only specific language extracurricular activity is deductible.
Parents who finance higher studies of children who must carry out them outside the usual island of residence can be deduced up to 1,800 euros for each economically dependent child.
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By subsidies or aid related to officially declared civil protection emergencies.
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By acquisition of mandatory school books.
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For extracurricular expenses for language learning.
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By higher studies outside the island of habitual residence.
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For rental of real estate for housing (deduction for the owner).
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For investment in acquisition of shares or shares in recently created companies.
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For the temporal increase in mortgage loans with variable interest.
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For aid or subsidies received to counteract the effects of inflation during 2023.
Although Hacienda collects all these deductions available in the Balearic Islands, it is important to verify in detail each requirement before incorporating them into the statement, since errors may involve economic sanctions by the Tax Agency.
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