Family expenses in 730: covid fees and reimbursements to be monitored

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income declaration

The case history is varied: nursery fees and school canteen expenses paid at the beginning of the school year for the entire cycle; annual passes for public transport; gym memberships

by Marcello Tarabusi and Giovanni Trombetta

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The case history is varied: nursery fees and school canteen expenses paid at the beginning of the school year for the entire cycle; annual passes for public transport; gym memberships

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Taxpayers struggling with the 730 must consider whether to include among the charges the expenses incurred in 2019 for which they received or plan to receive reimbursement during 2020. Decision to be weighted case by case, comparing the reimbursement tax regime with the tax bonus on spending.

The problem this year is particularly felt due to the various measures related to the confinement from Covid-19. On the one hand, in fact, the submission deadline of 730 has been postponed and the taxpayer may have already received the refund before submitting the declaration (for example for health expenses); on the other hand, as a result of the pandemic, reimbursements for a series of services paid in advance in 2019 will arrive, but then not enjoyed by force majeure between March and May 2020.

The case history is varied: nursery fees and school canteen expenses paid at the beginning of the school year for the entire cycle; annual passes for public transport; gym subscriptions and cycles of sports lessons for kids paid in advance. How to regulate yourself in the compilation of the form 730?

Reimbursements of charges deducted or deducted in previous years and received in 2020 are subject to separate taxation (see the Sun of 19 May 2020) with the average rate of the two-year period that proceeds, thus avoiding adding them to the total income and subjecting them to the rate margin of the highest echelon. For example, for a taxpayer with a taxable amount of 24,000 euros the average rate is 24.5%, while that of the highest bracket is 27%; the difference rises for a taxable amount of 30,000 euros, whose average rate is 25.73% compared to a marginal rate of 38 percent.

However “lighter”, however, the separate taxation of the refund is almost always higher than the original deduction: the minimum rate of the separate taxation is in fact 23%, while the deduction is generally 19%. The only exceptions are some liberal donations (non-profit, parties, voluntary work) with a deduction from 26% to 35% and the expenses indicated in sections II (deductible charges) and III (building recovery and similar) of part E; these are types of expenses that are rarely reimbursed, but where this happens, the savings enjoyed must be compared on a case-by-case basis with the taxation of the refund to decide between the egg today (deduction in 730) and the hen tomorrow (tax-free refund).



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