Income tax deductions The 12 regional deductions in Madrid for the 2022 income tax return

The 2022 Income Tax and Wealth Tax Campaign kicked off on Tuesday 11 April with the filing of returns online, in accordance with the Tax Agency’s taxpayer calendar.

Thus, although it will be necessary to wait until 1 June to declare the income obtained in 2022 in person (by appointment), from 11 April the first Personal Income Tax and Wealth tax returns can already be filed via this link.

In this regard, the regional deductions in Madrid that can be taken when filing your tax return are as follows:

For personal and family circumstances

For the birth or adoption of children: you can deduct up to 600 euros.

For international adoption of children: you can deduct up to 600 euros.

For foster care of children: you can deduct up to 600 euros.

For unpaid fostering of people over 65 and/or people with disabilities: you can deduct 1,500 euros.

For caring for children under 3 years of age.

For families with two or more descendants and reduced income.

Relating to the main residence
For renting your main residence: you can deduct up to 1,000 euros.

For donations and gifts

For donations to foundations and sports clubs: you can deduct 15% of what you have donated.

Other deductible items

For educational expenses: this includes school fees, language classes and school uniforms.

For investment in the acquisition of shares or holdings in new or recently created companies.

For the promotion of self-employment of young people.

For investments made in companies listed on the alternative stock market. Income tax credits income tax credits income tax credits.