Introduction to the Tax Deduction for Caregivers
The Tax Agency has designed an initiative that benefits those families who live with people over 65 years old. This tax aid can reach up to 1,150 euros per year for each dependent, with the aim of easing the financial burdens associated with caring for the elderly.
Details of the Deduction
The deduction, which is reflected in the income statement, is known as the ‘minimum for ascendants’ and is intended to contribute to the expenses that involve caring for elderly people or those with a disability of more than 33%, regardless of age. Thus, families with limited income can benefit from significant support.
Adjustments for Greater Ascendants
If the ascendant is over 75, the amount of the deduction is increased, allowing families to obtain up to 2,550 euros, with an additional supplement of 1,400 euros for the care needs that often accompany old age.
Necessary Conditions to Access Help
In order to be able to access this deduction, taxpayers must meet several requirements including the age of the ascendant, cohabitation, their income and the degree of kinship.
Key Requirements
The requirements are as follows: the ascendant must be over 65 or have a disability of 33% or more. In addition, you must live with the taxpayer for at least half of the tax year. The income of the ascendant cannot exceed 8,000 euros per year, and the family relationship must be direct, such as with parents or grandparents.
Procedure to Request the Deduction
Taxpayers do not need to do additional procedures to benefit from this deduction. They only have to correctly declare the cohabitation and financial circumstances of the ascendant at the time of submitting the draft of their income tax return.
Final Reflections on the Impact of Aid
This Treasury initiative not only recognizes the efforts of families who care for the elderly, but also represents an important step towards a society that values and supports the care of its most vulnerable population. It is crucial that families take advantage of these opportunities to improve their economic situation and ensure a better quality of life for their loved ones.