When preparing your tax declaration for the 2024 fiscal year (2025 campaign), it’s fundamental to know what is tax deductible in Spain and which expenses can be claimed. Both self-employed individuals (autónomos) and employees can apply for tax deductions if the expenses are properly justified and meet the established legal requirements in Spain.
Furthermore, if you need personalized support to identify what deductions you can apply or how to document them correctly, you can count on specialized tax advisory services to help you optimize your declaration and thoroughly understand what is tax deductible in Spain.
What is Tax Deductible in Spain? Key Deductions for Your 2024 Tax Return
Deductions in your tax return allow you to reduce your taxable base or the full tax liability, which can result in a lower amount to pay or a higher refund. Deductions can be state-level or regional (autonomic), depending on the taxpayer’s autonomous community of residence. Understanding what is tax deductible in Spain at both national and regional levels is vital for maximizing your savings.
Relevant Tax Deductions for the 2024 Fiscal Year
Deductions for Educational Expenses
- Community of Madrid:
- Up to 1,031 euros per child for the first cycle of Early Childhood Education.
- Up to 412.40 euros per child for language instruction and exclusive school uniforms.
Deductions for Healthcare Expenses
- Valencia Community:
- A 30% deduction, up to 150 euros, for non-cosmetic dental treatments and mental health.
- Canary Islands:
- A 12% deduction, with a maximum of 500 euros for individual taxation or 700 euros for joint taxation, for expenses in dental health, pregnancy, accidents, etc.
Deduction for Internet Access
- Region of Murcia:
- A 30% deduction on activation fees and monthly charges for internet access, with a limit of 300 euros.
Deduction for the Acquisition of Electric Vehicles
At a state level, you can benefit from a 15% deduction on the acquisition value of new electric vehicles purchased between June 30, 2023, and December 31, 2025. This measure aims to promote sustainable mobility and reduce polluting emissions. You can find more details in the article on the deduction for electric vehicles.
Deduction for Maternity and Childcare Expenses
Working mothers have the possibility to increase their maternity deduction by up to an additional 1,000 euros when they have incurred childcare expenses in authorized daycare centers or early childhood education centers. This tax benefit aims to support work-life balance. If you want to know how to apply it, you can visit the following guide on childcare expenses and maternity deduction.
Other Autonomous Communities
Each autonomous community can establish its own tax deductions. It is advisable to consult the Practical Tax Manual 2024. Part 2. Autonomous Deductions for detailed information on the specific deductions applicable in each community. This will help you better understand what is tax deductible in Spain depending on your place of residence.
General Requirements for Deducing Expenses
For an expense to be deductible, it must meet the following requirements:
- Documentary justification: Have a detailed invoice.
- Payment made: Have been effectively paid during the fiscal year.
- Purpose of the expense: Be related to the economic activity or personal deduction.
- Not reimbursed: Not have been covered by insurance or third parties.
Frequently Asked Questions (FAQs)
Can I deduct school supply expenses?
Yes, in some autonomous communities like Madrid, the deduction of certain school expenses is allowed. Verify the specific regulations in your community to know if this is something that is tax deductible in Spain for your particular case.
Are dental treatments deductible?
Yes, in communities like the Valencia Community and the Canary Islands, there are deductions for non-cosmetic healthcare expenses.
How are these deductions applied?
You must include them in the Renta WEB program during your declaration. Keep invoices and supporting documents for at least four years. Consulting the current regulations in your autonomous community and utilizing the Tax Agency’s resources can make a significant difference in your tax outcome.
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