COLLABORATORS AREABASQUE COUNTRY: Know the deductible expenses of work income
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This is the closed list of deductible expenses of work income in Income Tax.
Only the following expenses can be deducted:
√ Contributions to Social Security or mandatory general civil servant mutual societies, deductions for passive rights and contributions to orphanages or similar institutions.
√ Amounts paid to entities or institutions that have assumed the provision of certain contingencies corresponding to Social Security.
√ Amounts compulsorily contributed to their political organization by politically elected or appointed officials. There is a limit: 25% of the gross income obtained in said position, when these are the main source of income for the taxpayer.
√ Expenses incurred for travel when opting for the special regime for displaced workers. There is a limit: 20% of the gross income obtained at the workplace.
Our professionals will explain in detail what these deductible expenses are, and will help you prepare your tax return.
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