The latest budget law provided some news about tax cuts on medical exams. Here’s what it is and how to use it
The Italian system provides for the right to deduct 19% from personal income tax for health-related expenses. These discounts relate, for example, to services provided by general practitioners, purchase of medicines, including homeopathy, remedies, purchase or rental of medical devices, etc. In addition, medical examinations are also included. These can be of different types: from laboratory to neurological tests, from urological examinations to pediatric examinations.
Specific assistance costs are also subject to deduction. They include physical therapy, laser therapy, kinesiotherapy, nursing assistance sessions and other rehabilitation, as well as services provided by individuals with qualifications as professional teachers and other types of services. The Revenue Agency states that all of these expenses can be noted on the tax return. Only in the latter case, in fact, a person is entitled to such a deduction. Speaking of income tax returns, all taxpayers are entitled to personal income tax deductions.
Tax deductions: Here is the news contained in the 2022 budget law
With the new Form 730, enshrined in the 2022 Budget Act, some innovations have been made to deductible expenses. In particular, a provision has been made for deductible expenses. The minimum that must be exceeded in order to receive a discount, in fact, is 129.11 euros. Under this limit it will not be possible to take advantage of this bonus. Furthermore, on Form 730/2022, all incurred medical expenses must be reported in Part E. The amount to be subject to the 19% deduction is obtained by subtracting the total healthcare expenditures incurred minus the deductible of €129.11. So, if during the year we incur health costs in the total amount of 500 euros, then the deduction will be calculated in the amount of 370.89 euros (500 – 129.11).
The 2020 Budget Act introduced a commitment to expense traceability: Only expenses made through traceable tools such as credit cards or ATMs are tax deductible. However, there are exceptions. For these exclusions, purchases made with cash also apply. Below is the list of exceptions, as reported by InformazioneFiscale.it: Expenses for purchasing medicines, medical devices, and health services provided by public structures, as well as health services provided by private structures approved by the National Health Service.
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