Do not throw the bill for textbooks and school suplies without looking if they are deductible in your Income Tax

Summer is over and children are back to school, like every year parents have to face the high costs of textbooks and school supplies. These costs are higher each year and many families buy books to other families that used them in previous years but this is not always possible. In the case of buying new books do not throw the bill because in some regions, such as Madrid and Valencia, have established tax deductions on income that allow parents to deduct part of the investment in textbooks, school uniforms and school supplies.

And this is the good of national plurality, instead of having all the same rights, they vary depending on where we reside. We will just a couple of examples to take away the excitement of "scratch", so if you reside in a community other than Madrid and Valencia, keep the excitement a little more, to know whether to buy the uniform child may scrape a few Euros in the next tax return.

In Madrid this year the parents will enjoy a deduction for amounts paid for schooling fees (15%), purchasing clothing school of exclusive use (5%) and language training (10%) to their descendants up to a maximum deduction of 900 Euros per student.

Take the case of the Valencia community. Families with low and middle income of Valencia Region have been able to deduct, for the first time in the campaign of 2013 income, buying school supplies and textbooks for their children.
The deduction for purchase of school supplies will amount to 100 Euros per child, provided they are enrolled in a public or private concerted center of the Valencia Region.
Are entitled to this help parent of students both Elementary Education and Secondary Education or enrolled in special education units, provided that the sum of the general tax base and taxable savings are not more than 24,000 Euros in individual taxation, or 38,800 Euros in joint taxation.
In addition, one of the contributors living with the child must be unemployed and registered as unemployed in a Public Employment Service.

Let's see then if we are entitled to any deductions that establish the regional governments to save a few Euros in income tax, but if our incomes are too high we can relax and enjoy our wealth without participating in the scratch, thus helping to reduce the deficit.
In any case take into account these reliefs may change at any time or be removed, so you need to check if they continue in force for the tax return in 2014 but oru advice is to keep the bill, just in case.

In case you have any questions about this matter do not hesitate in contact us.