Single check, deductions change: here’s how

How do the deductions change with the universal single check, effective from 1 March 2022? Most of the tax deductions disappear or, more precisely, are absorbed by the new measure. Some deductions and deductions, however, remained in force and still survive: those who are entitled to them find them in their paychecks and can indicate them in their tax return. In particular, writes laleggepertutti.it, the usual deductions provided for the spouse, for children (but with an important distinction based on their age) and for other dependent family members remain valid, and the possibility of tax deduction of expenses incurred in their favor, such as medical and health costs, for education or for subscriptions to public transport services. Deductions for spouses and dependent family members Deductions for the spouse and other family members dependent on the taxpayer (children, parents, siblings, in-laws, siblings and daughter-in-law: the list is contained in Article 433 of the Civil Code), provided that do not have their own income exceeding € 2,840.51 per year, they are retained and will continue to be applied monthly by the employer, or by the pension institution, which operates as a withholding agent. The taxpayer, therefore, will still find them displayed on the paycheck or on the pension slip.With the introduction of the universal single allowance, however, the deductions for large families (with at least 4 children) and the increases for older children disappear. less than 3 years. Deductions for dependent children For children under 21 years of age, the previously due personal income tax deductions are absorbed, starting from March 2022, from the single universal allowance, while for the first two months of 2022 (January and February ) are still recognized, except for the balance at the end of the year, to be made on the basis of the total income. Parents, however, can always deduct or deduct, by reporting them in the annual income tax return, all the expenses incurred in favor of their fiscally dependent children. [1]and also benefit from the subsidized tax regime on corporate welfare goods and services [2]. For more details read “Dependent children: tax breaks”. Deductions for children over 21 Since the single allowance is recognized only for children up to 21 years of age, the deductions for dependent children aged 21 and over are retained and remain applicable for the future. adults but not yet economically independent, the tax deduction is recognized when:
– are aged between 21 and 24 and their annual income does not exceed 4 thousand euros per year;
– are over 24 years old and have an annual income of up to 2,840.51 euros. How do tax deductions change in 2022? In summary, in the year 2022 due to the introduction of the single check there will be a double regime for tax deductions, namely:
– for the period from 1 January to 28 February 2022, the deductions provided for dependent children are still recognized, regardless of their age, and there is still no single allowance, which enters into force on 1 March;
– from 1 March 2022 onwards – as well as for subsequent years – the single universal allowance is applied exclusively for children up to 21 years of age, and, vice versa, only the tax deductions for children over 21 who are not covered by the allowance. Deductions for disabled children The aforementioned age and income limits do not apply to disabled children [3]: in this case, the single universal allowance that is recognized to them is cumulated with the deductions already provided.Therefore, for disabled children aged 21 or over, starting from March 2022 parents will be entitled, jointly, both to the deduction applied by the employer in the pay slip and to the single check, as confirmed by the Revenue Agency [4] and INPS [5].