Taxpayers whose households have undergone changes during the course of 2022 have until today to notify the Tax and Customs Administration (AT), which is also the deadline for declaring education expenses for internally displaced students.
Updating the household is one of the first steps in preparation for annual tax filing, which begins April 1 and impacts the tax bill, as the AT uses this information to calculate tax owed by taxpayers.
this notice it is relevant in cases where there have been changes in the household in the previous year due to death, marriage, divorce, adoption or birth of children, change of parental arrangement or change of permanent residence.
Without this updated information, AT will consider the personal and family information contained in last year’s IRS filing.
Updating the household can be done through the Financial Portal, this is the time to also indicate the situations where the children pass the age where they are no longer considered dependents for the purposes of the IRS.
Household validation also allows taxpayers to take advantage of the automatic IRS (provided they complete the required income profile) and allows the AT to perform the necessary calculations so that individuals who are exempt from filing the IRS return can claim a tax exemption. receive and enjoy, for example, reimbursements in the National Health Service, the social rate for electricity or social support.
This step is still relevant for public school enrollment, and the update should reflect household composition on the last day of the previous year.
Today also ends the deadline for the families with displaced students in educational institutions in an inland or an autonomous region report their expenses, including rent.
Since 2019, there has been an increase in education expenditures for students displaced in the interior or autonomous regions, for IRS purposes
Under the current regime, 30% of the household’s education costs are deductible from the IRS collection, up to a limit of 800 euros, with rent being one of the eligible expenses for families with dependents pursuing higher education more than 50 kilometers from home and younger than 25 years.
If the displaced student attends an institution of higher education in the interior (more than 50 kilometers from home), the costs are increased by 10% and the global limit of the deduction is increased from 800 to 1,000 euros, when the difference is in proportion to the rental of real estate.
Source: DN
