The furniture bonus is also in force in 2017. The deduction for the purchase of furnishings and appliances was extended by the latest budget law and will be valid for purchases made until December 31st of this year, but not in all cases. The rules governing this benefit are often a source of doubts for taxpayers, above all because there is a high risk of confusion with other similar incentives, such as the young couple bonus, theecobonus and the bonus for building renovations. To try to answer the most frequently asked questions, we offer a short guide in five points.
1) HOW MUCH DO YOU SAVE WITH THE MOBILE BONUS?
The furniture bonus consists of a 50% Irpef deduction on purchases of furniture and large appliances. The transport and assembly costs of the purchased goods are also eligible, provided that the payment for the services is made by bank transfer, credit or debit card.
The benefit is divided among those entitled in 10 equal annual installments and is calculated on a total amount not exceeding 10 thousand euros. Consequently, the maximum deduction is 5 thousand euros.
2) IS THE FURNITURE BONUS VALID FOR ALL HOMES?
No. Only those who use it to furnish a property undergoing a building renovation that started no earlier than 2016 are entitled to the furniture bonus.
However, there is an exception: if the purchase of the goods took place between 6 June 2013 and 31 December 2016, in order to take advantage of the furniture bonus, you must have incurred expenses for the recovery of the building heritage starting from 26 June 2012 .
In all cases, to benefit from the deduction it is not necessary to have already paid for the renovation: it is sufficient to demonstrate that the work began before purchasing the furniture for which the bonus is requested.
Finally, those who carry out renovation work on several real estate units will be entitled to the deduction several times. The maximum amount of 10 euros refers to each renovated home.
3) ON WHICH FURNITURE ARE YOU ENTITLED TO THE BONUS?
The deduction is for expenses incurred from 1 January 2016 to 31 December 2017 for the purchase of the following products:
– New furniture, such as beds, wardrobes, chests of drawers, bookcases, desks, tables, chairs, bedside tables, sofas, armchairs and sideboards, but also essential furnishing accessories such as mattresses and lighting fixtures.
– Large new appliances with energy class no lower than A+, or A for ovens. These are, for example, refrigerators, freezers, washing machines, dryers, dishwashers, cooking appliances, electric stoves, hotplates, microwave ovens, electric heating appliances, electric radiators, fans and air conditioners (the list is from the Agency of Revenue).
The furniture bonus does not apply to purchases of doors, flooring, curtains and furnishing accessories other than mattresses and lighting fixtures.
4) WHAT ARE THE BUREAUCRATIC FULFILLMENTS?
To take advantage of the furniture bonus, the taxpayer must make payments by bank or postal transfers (indicating the tax code of the beneficiary of the deduction and the VAT number or the tax code of the person in favor of whom the transfer is made), or by credit cards or debit cards. On the other hand, those who pay by check or cash are not entitled to the mobile bonus.
The documents to be kept are:
– proof of payment (bank transfer receipt or debit documentation on the current account);
– invoices for the purchase of furniture or household appliances, on which the nature, quality and quantity of the goods purchased must be specified.
5) WHAT IS WRITTEN IN THE BUDGET LAW ON THE MOBILE BONUS?
About the mobile bonus, in the latest budget law reads as follows: "Taxpayers who benefit from the deduction referred to in paragraph 1, limited to the recovery interventions of the building heritage started from 1 January 2016, are also recognized a deduction from the gross tax, up to the amount , for additional documented expenses incurred in 2017 for the purchase of furniture and large appliances of class no lower than A+, as well as A for ovens, for equipment for which the energy label is required, aimed at furnishing of the building undergoing renovation. The deduction referred to in this paragraph, to be divided among those entitled in ten equal annual installments, is due to the extent of 50 percent of the expenses incurred and is calculated on a total amount not exceeding 10.000 euros, considered, for the interventions carried out in 2016 or for those started in the same year and continued in 2017, net of expenses incurred in 2016 for which the deduction was used. For the purposes of using the deduction from the tax, the expenses referred to in this paragraph are calculated regardless of the amount of the expenses incurred for the renovation works which benefit from the deductions referred to in paragraph 1".
