how deductions and deductions will change – Corriere.it
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How the deductions work now…
But how will this cleaning up of deductions and deductions be achieved?
Currently, the mechanism introduced by the maneuver for 2020 provides for a progressive reduction for deductions of 19% regulated by article 15 of the Tuir. The cut is triggered when the total income exceeds 120,000 euros and becomes gradually more intense, until the bonuses are completely eliminated for those who declare 240,000 euros.
… and how they might change after the reform
Now, the government’s intention to allocate a flat-rate budget to each income bracket, beyond which no further tax relief will be obtained. Apparently, from this calculation will be excluded (as already happens) the deductions for health expenses, those related to education and for the interest expense of the mortgage on the first home (which represent the most substantial portion of the current deductions of 19% ). The same thing applies to the deductions for the contributions of cleaners and caregivers. The flat-rate percentage for each bracket has not yet been decided. The hypotheses being studied by the technicians of Via XX Settembre would be concentrating on 4% of income for the lowest bracket, i.e. up to 15,000 euros; 3% of income for the new intermediate bracket (from 15,000 to 50,000 euros); and, finally, 2% for the third bracket (above 50,000 euros), which resets to zero after 100,000 euros.
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