The group of technicians from the Ministry of Finance (Gestha) advises taking advantage of the final stretch of the year

to save up to 3,425 euros

in the next Income Tax return, and remember that this year the incentive for individual pension plans has decreased and, in return, business pension plans are favoured.

From Gestha they have launched 10 recommendations in order to lower the tax bill of 2022 in the last stretch of the year.

The first tip is to

take advantage of deductions

for energy efficiency improvement works in homes.

In addition, from the union they have recalled that

the maximum contribution to the individual pension plan drops to 1,500 euros,

although with the possibility of increasing the contributions by up to 8,500 euros more for contributions to business pension plans.

It is therefore recommended to take advantage of the final stretch of the year to make contributions until the limit is exhausted, reports Europa Press.

According to Gestha estimates, half of the taxpayers who earn more than 60,000 euros benefit from this deduction, whose savings account for almost half of the contribution to the Pension Plan as it is a reduction in the tax base that decreases the progressivity of the rest. of ordinary income.

The union also recommends

applying the deduction for home purchase and renovation

and points out that the end of the year is a good time to do the math and offset the losses generated in an investment fund, shares or financial derivatives with the capital gains obtained.

In addition, the technicians have advised

planning the sale of shares and have recalled that donations, donations and contributions

with the right to deduct allow 80% to be deducted for the first 150 euros and 35% for the remaining amounts, which reaches 40 % if in the two immediately preceding years a donation is made in favor of the same entity for an amount equal to or greater, in each of them, than that of the previous year, limited to a maximum contribution of 10% of the taxable base.

They have also explained that the deduction for third-degree friends and relatives of entrepreneurs is 30% of the investment in the state income tax quota when subscribing the shares or shares of the company.

According to the criteria of The Trust Project

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