The campaign for the Renta 2024 begins next April 2 and even if you have been going through this annual ordeal for many years, there are always doubts about the regional deductions in Madrid.
The Community of Madrid offers a total of 25 regional deductions in the IRPF, designed to benefit different profiles of taxpayers and encourage key activities such as birth, access to housing, family care and investments.
These deductions have in some cases different scales, depending on whether they are applied to individual or joint returns, as long as the requirements are met.
Autonomous Community deductions for personal and family circumstances
- Birth or adoption of children: up to €721.70 for each child born or adopted.
- International adoption of children.
- Foster care of minors.
- Unpaid foster care of persons over 65 years of age and/or disabled persons: deduction of €1,546.50 per fostered person.
- Care of ascendants over 65 years old or disabled: incentive of 515 €.
- Care of children under 3 years of age, elderly dependents and people with disabilities.
- Families with two or more descendants and reduced income.
- Obtaining the status of large family: 50% rebate on the regional quota for three years (100% in special category).
Deductions related to the habitual residence
- Lease of habitual residence: discount of 30 % of the rent, up to 1.237,20 €, for minors under 35 years old.
- Payment of interest on mortgage loans for young people under 30 years of age: up to €1,031 per year.
- Acquisition of habitual residence due to the birth or adoption of children: 10% reduction, prorated over ten years.
- Increase in costs due to higher interest rates.
- Acquisition in municipalities at risk of depopulation.
- Change of residence to municipalities at risk of depopulation.
Regional deductions for donations and gifts.
- Donations to foundations and sports clubs: Deduction of 15% with certain limits.
Other deductible items
- Educational expenses: including school supplies and supplementary education.
- Investment in shares or social participations in new or recent entities: up to 50 % with annual limit.
- Promotion of self-employment for young people under 35 years of age.
- Investments made in entities listed on the alternative stock market.
- Expenses derived from leasing.
- Payment of interest on loans for university studies (Degree, Master’s and Doctorate).
- Leasing of empty housing: 10% deduction on certain expenses.
- Investments made by new taxpayers from abroad.
You may be interested in: Bono Alquiler Joven in 2025: requirements to apply for the aid in Madrid today.