Start of tax campaign and opportunities for families
On April 2, the 2024 income campaign begins, a key moment for taxpayers who have to review their personal and family situation. It is vital to identify the available deductions to improve the economic impact of its statement.
Deductions for coexistence with people over 65
One of the most important tax incentives for the next exercise affects those who live with people over 65. This deduction can provide significant relief, with a maximum amount of € 2,550 a year, provided that the established conditions are met.
Economic impact of these deductions
This fiscal aid is designed to compensate families who support the responsibilities of taking care of elderly people. Coexistence with a large relative often involves additional costs, which is why the Tax Agency has included this deduction in its regulations.
Requirements to access the deduction
In order to benefit from this deduction, it is essential to comply with various requirements. First, the ascendant must have turned 65 years before December 31 of the fiscal year.
Coexistence conditions and income
Coexistence is an essential requirement; The relative must have lived with the taxpayer at least half of the year. In the case of people with disabilities, a specialized center is allowed. In addition, the ascendant may not have generated revenue of more than 8,000 euros per year, not counting the rents exempt.
Procedure for the application for deduction
To request this deduction, it is essential to include the relevant information in the appropriate boxes of the statement. The Tax Agency may require documents that prove the family situation, so it is advisable to keep certificates of coexistence and revenue proof.
A recognition to family dedication
These incentives are not only financial aid, but also recognize the commitment that many families assume in the care of the elderly. This deduction allows partially compensating for the effort involved in taking care of an elderly relative, thus reflecting the value of this dedication.