The importance of reviewing the draft
With the arrival of the income statement season, it is essential for taxpayers to make sure to review their drafts in detail. Many are looking for ways to optimize their taxes and get a favorable result, and this is where deductions play a key role.
Housing deductions: a savings to take into account
The most desired deductions are often linked to housing costs, both for those who own and those who rent. Joaquín García, an expert in Wypo mortgages, emphasizes that those who acquired their house before January 1, 2013 can enjoy a deduction of 15%, with a maximum of 9,040 euros. This results in annual tax savings, which can reach 1,356 euros.
Benefits for mortgages before 2013
If the mortgage was signed before that date, taxpayers can deduct not only amortized capital and interests, but also mortgage -related insurance. It is important to note that these deductions remain in effect even in case of subrogation.
Advantages for owners in rental scheme
Owners who rent their home also have access to significant deductions. Mortgage loan, formalization costs, as well as maintenance, community and IBI costs, which reduce their tax base, result from a lower tax burden, may be recaptured.
Regional deductions
In addition, the autonomous communities offer specific deductions. For example, in Madrid, there are advantages for the purchase of regular housing in cases of birth or adoption. Cantabria promotes the acquisition of homes in rural areas, while the Valencian Community has incentives for children under 35.
Considerations for buyers after 2013
Those who acquired their home after 2013 cannot benefit from the general state deduction. However, they can access regional deductions that can be equally advantageous. It is vital to review all the possibilities to maximize tax benefits.
In short, the key to a statement of successful income lies in the attention of detail and in search of all the options available. Before presenting your statement, make sure you consider all possible deductions that could influence the end result.
