How much can we save on the next tax return
Mar 13, 2024 0:48:20 GMT -8
Post by account_disabled on Mar 13, 2024 0:48:20 GMT -8
With less than a month to go until 2020 ends, many Spaniards will be thinking about whether or not to get together for lunch or dinner with family and friends during Christmas; in the possible gifts that are usually given around these dates... However, beyond the Christmas spirit, this final stretch of the year is the ideal time to look at the next year and try to reduce the tax bill. Specifically, taxpayers who do adequate tax planning could save up to 4,569 euros on average on their next tax return. However, it is worth clarifying that the greatest tax advantages benefit those who have the most income and assets , to the point that while.
People with income greater than euros per year will be able to lower their tax bill to 76,500 euros, the tax advantage for People with annual returns of less than 21,000 euros do not reach, in the hypothetical case of being able to take advantage of all the possibilities, 1,700 euros. To this end, at Gestha we have been giving a AOL Email List series of advice that ranges from making contributions to the pension plan - this year will be the last in which the personal income tax base can be reduced to 8,000 euros - to investing in recently created companies. creation, whose deduction is the second most profitable on average in personal income tax with respect to the amount invested for high incomes. It is also worth remembering that those who bought their primary home or made a payment for its construction before.
Will continue to enjoy their right to tax relief, as long as they have had deductions for said home in 2012 or previous years. And workers should not forget that, if they are members of a union, they can deduct their annual dues from their work income; as well as the amount they may be paying to a professional association or the legal defense expenses of litigation in their employment relationship , with a limit in these last two cases of 500 and 300 euros, respectively. In addition, this year, as a novelty, the Government approved an increase in the tax relief on donations with effect from January 1, 2020, up to 80% of the first 150 euros donated and 35% of the rest of your contributions, which increases to 40% if the amount donated to the same NGO has not decreased in each of the last three years. In short, the final stretch of the year can help us earn a bonus from the Treasury with effects on our next tax bill.
People with income greater than euros per year will be able to lower their tax bill to 76,500 euros, the tax advantage for People with annual returns of less than 21,000 euros do not reach, in the hypothetical case of being able to take advantage of all the possibilities, 1,700 euros. To this end, at Gestha we have been giving a AOL Email List series of advice that ranges from making contributions to the pension plan - this year will be the last in which the personal income tax base can be reduced to 8,000 euros - to investing in recently created companies. creation, whose deduction is the second most profitable on average in personal income tax with respect to the amount invested for high incomes. It is also worth remembering that those who bought their primary home or made a payment for its construction before.
Will continue to enjoy their right to tax relief, as long as they have had deductions for said home in 2012 or previous years. And workers should not forget that, if they are members of a union, they can deduct their annual dues from their work income; as well as the amount they may be paying to a professional association or the legal defense expenses of litigation in their employment relationship , with a limit in these last two cases of 500 and 300 euros, respectively. In addition, this year, as a novelty, the Government approved an increase in the tax relief on donations with effect from January 1, 2020, up to 80% of the first 150 euros donated and 35% of the rest of your contributions, which increases to 40% if the amount donated to the same NGO has not decreased in each of the last three years. In short, the final stretch of the year can help us earn a bonus from the Treasury with effects on our next tax bill.