ICONOS FINALES-TRAZADOS

Expenses for net work income

Translation generated by AI. Access the original version

Remember the expenses you can deduct in your Personal Income Tax (IRPF).

Expenses for net work income

If you receive work income, remember the expenses you can deduct from the gross income:

  • The main expense you can deduct is the one related to Social Security contributions at your expense (the employee's contribution that the company has already withheld from your payslip). If you are self-employed –for example, because you are the majority shareholder of your company and receive a salary from it–, you can also deduct the amount you have paid for this concept from your work income.
  • As a worker, you can also deduct 2,000 euros as "Other expenses". This expense applies to all work income recipients, without further requirements.
  • In addition to these expenses –which, in general, will already appear in the tax data provided by the Tax Office–, there are other less common expenses that you can also take advantage of:

Firstly, you can deduct the fees paid to workers' unions, without a quantitative limit.

  • You can also deduct the fees paid to your professional association for membership (up to 500 euros per year), provided that, due to the activity carried out, this membership is mandatory.
  • On the other hand, if during the year you have incurred legal fees and legal defense costs for disputes with the company that pays you the income
  • , you can also deduct them, with an annual maximum limit of 300 euros. lawyer fees and legal defense expenses for litigation with the company that satisfies the yields Our professionals will advise you on any questions you may have regarding the Personal Income Tax (IRPF) return.
  • Finally, if you are a worker with a disability equal to or greater than 33%, you may deduct an additional expense of 3,500 euros from your work income, an amount that increases to 7,750 euros if the disability is equal to or greater than 65% or if you can prove that you need assistance from third parties or have reduced mobility.

 

Our professionals will advise you on any doubts that may arise regarding the income tax return.

Newsletter

* Required fields

Personal data protection.


Data controller: XISCO VIVES I ASSOCIATS S.L, 43129479V
calle Llevant 23 local B , PORT DE POLLENÇA

The purpose of processing your data is to send you informative and commercial communications, based on your consent, given when you provide your data (article 6.1.a, RGPD).
You may exercise the following rights over your data,

  • The right of information, access, rectification, objection, erasure ("to be forgotten"), restriction of
    processing, portability, non-transferability, to the limitation of processing, portability, not to be subject to automated individual decisions.
  • Remember that exercising your rights is free of charge. You can also lodge a complaint with the
    supervisory authority.

You can access the legal notice and the complete information here


Drag the arrow into the white box to activate the button

 

 

TAX, LABOUR AND BUSINESS CONSULTANCY IN PALMA DE MALLORCA

Our main objective is to provide the self-employed and SMEs with the highest quality tax and employment consultancy services. We offer a wide range of solutions that adapt to your needs and help reduce the administrative burden on your business.