Taxpayers are already in the middle of the 2022 Income Tax return campaign and many are beginning to calculate what deductions can be deducted from the gross income generated in the last year and thus present the draft with the best possible result. This year it is time to be especially attentive to regional deductions, since several regional governments present novelties in their tax benefits. As an example, this button: whoever lives in Madrid can deduct up to 1,000 euros in the Income statement.
This is a deduction in personal income tax for renting the habitual residence for those people who have their fiscal residence in the Community of Madrid.
Said deduction is outside the state deductions. In this sense, it should be remembered that the Tax Agency abolishes the deduction for rental of the main residence, although it establishes a transitional regime that allows certain tenants to continue benefiting from the state deduction as long as the following requirements are met:
10.05% of the amounts paid in the tax period for renting your habitual residence may be deducted, provided that your tax base is less than 24,107.20 euros per year.
On the other hand, you can also apply the deduction for renting your habitual residence that the Autonomous Community where the home is located has approved for each financial year.
In the case of the Community of Madrid, a deduction of 30% of the amounts used for rent can be applied, up to a maximum of 1,000 euros per year. Thus, as explained by the regional government, in a rental of 500 euros the deduction is equivalent to the amount of two monthly payments. These are some of the requirements to obtain the aforementioned deduction in personal income tax:
If the conditions for applying the deduction in the IPPF are met, it must be noted in boxes 562 (state) and 563 (autonomous) of the draft declaration.
As reported by the Tax Agency, taxpayers who in 2022 have had their habitual residence in the territory of the Community of Madrid may apply the following regional deductions:
According to the criteria of The Trust Project
