What are the deductions and deductions included in the pre-compiled 730 2018? Many Italian taxpayers have been asking this question since last April 16, that is when it was possible to view one's tax return on the Revenue Agency website. We have already talked in previous articles about how to log in and which ones they are deadlines to keep in mind. This time we focus on the information contained in the model.
THE NEWS OF THE 730 PRECOMPILED 2018
First, what's new this year. Here are the indications provided by the tax authorities in the instructions to the pre-compiled 730 2018 and on site dedicated to the pre-compiled declaration:
- Attendance fees nursery schools and related refunds.
- Deductible contributions paid to companies mutual aid.
- Donations to Onlus.
- Donations to social promotion associations.
- Donations to recognized foundations and associations whose statutory purpose is the protection, promotion and enhancement of assets of artistic, historical and landscape interest
- Donations to foundations and associations whose statutory purpose is to carry out or promote the activities of scientific research.
- Performance bonuses and corporate welfare: raised from 2 to 3 euros the limit of performance bonuses to be subjected to preferential taxation. The limit is raised to 4 euros if the company involves workers equally in the organization of work and if the company or local collective agreements have been signed by 24 April 2017.
- Bonus earthquake: starting from this year, larger deduction percentages are envisaged for expenses incurred for anti-seismic interventions carried out on common parts of condominium buildings and for interventions which involve a reduction in the seismic risk class.
Read the deepening. Visit the website of the Revenue Agency. - Ecobonus: larger deduction percentages for some expenses for energy redevelopment interventions in common parts of condominium buildings.
Read the deepening. Visit the Enea website. - Education expenses: the limit on education expenses for attendance at infant schools, the first cycle of education and the upper secondary school of the national education system has been increased to 717 euros.
- Expenses incurred by university students: for the 2017 and 2018 tax years, the distance requirement, envisaged for benefiting from the 19 percent deduction of rents, is understood to be respected even if the University is located within the same province and is reduced to 50 kilometers for students residing in mountainous or disadvantaged areas.
- Health costs: limited to the years 2017 and 2018, expenses incurred for the purchase of food for special medical purposes, included in section A1 of the National Register referred to in article 7 of the decree of the Minister of Health of 8 June 2001, published in the Official Gazette are deductible no. 154 of 5 July 2001, with the exclusion of those intended for infants.
- Bonus art: from 27 December 2017 it is possible to use the tax credit also for donations made to concert-orchestral institutions, national theatres, theaters of significant cultural interest, festivals, companies and theater production centers and of dance, as well as the distribution circuits.
The site of the Art Bonus. - Scholarships: national scholarships for merit and for mobility provided by the Article 34 Foundation are exempt.
THE DATA PRESENT EVEN THE PAST YEARS
These innovations are added to the charges and expenses already considered in recent years by the Revenue Agency:
- health care expenses and related reimbursements
- veterinary expenses
- interest expense on current mortgages
- insurance premiums
- social security and welfare contributions
- contributions paid for domestic workers
- university expenses and relative reimbursements
- funeral expenses
- contributions paid to the supplementary pension scheme
- transfers concerning expenses for renovations and energy requalification of buildings
- expenses incurred for recovery interventions of the building stock and energy saving on common parts of the condominium
- contributions paid to institutions or funds for welfare purposes.
Furthermore, the 730 pre-compiled 2018 also includes the deductible charges incurred by the taxpayer and recognized by the withholding agent (employer or social security institution) and reported in the Single Certification, as well as those obtained from last year's declaration which give the right to a deduction to be divided into several annual installments (for example, expenses for building renovations or energy saving).
