The Tax Agency may request supporting documentation, so it is recommended to keep certificates of cohabitation and income statements of the ascendant. This type of incentive aims to recognize the effort of those who take care of their elders, allowing them to access a tax relief that can be decisive in the family economy. This incentive aims to alleviate the economic burden of those who assume the responsibility of caring for their ascendants, as long as they meet the requirements set by the Tax Agency.
The amount of the deduction varies depending on the age of the relative. However, if the person is over 75 years old, the amount increases by an additional 1,400 euros, thus reaching the maximum allowed. Social Security offers various financial aids for parents and newborns, intended to alleviate family expenses.
Requirements: - Age of the ascendant: Must be at least 65 years old before December 31 of the corresponding tax year. - Cohabitation: The relative must have lived with the taxpayer for at least half the year. - Annual income: Must not exceed 8,000 euros, excluding exempt income. - Income Tax return: Must not have filed a return with income exceeding 1,800 euros.
In cases of the ascendant's death during the tax year, the applicable deduction remains at 1,150 euros. The base is 1,150 euros per year for each ascendant that meets the established criteria. Staying informed about available deductions is crucial for optimizing annual taxation.
The SEPE offers a subsidy of up to 30 months for those who have exhausted their unemployment benefits and meet certain requirements. To apply for this aid, it is necessary to enter the corresponding data in the specific boxes of the income statement.
