The 2025 Spanish income tax campaign officially kicks off on April 2nd, covering fiscal year 2024. This season comes with new challenges, opportunities for savings, and legislative updates that every taxpayer should be aware of. Whether you’re filing for the first time or you’re a seasoned declarer, this year includes changes that could significantly impact your final result. Here’s everything you need to know to make the most of your tax return.
What’s new this year?
- Updated income thresholds: The minimum income requirement for filing has increased slightly. If you’ve had more than one employer during the year, the threshold rises to €15,876. For those with a single employer, the limit remains at €22,000. This change is intended to ease the burden for lower-income earners.
- New rental deductions: Landlords who reduce rent prices by more than 5% in high-demand areas may qualify for deductions of up to 90%. Other deductions of 70% or 60% apply depending on tenant type or whether recent improvements have been made to the property.
- Bizum payments now accepted: For the first time, taxpayers can pay via Bizum, offering a fast and convenient alternative to traditional methods like bank transfer or card payment.
- Mandatory filing for freelancers: All self-employed individuals who were registered during 2024 must file a return, regardless of their income. The new real income contribution system requires more detailed tracking and awareness of applicable deductions.
- Unemployment benefits exemption delay: Although it was expected that all recipients of unemployment benefits would be required to file this year, that obligation has been postponed until the 2026 campaign.
Expert tips for a successful tax season
Planning ahead can make all the difference between overpaying and maximizing your eligible deductions. Keep these tips in mind:
- Carefully review your draft: Make sure all personal details, income, and deductible expenses are accurate. Common errors include pension contributions, mortgage information, or regional deductions that are left out or incorrect.
- Explore regional deductions: Many autonomous communities offer specific tax benefits for education, rent, birth of children, or energy efficiency improvements in the home.
- Use the tax simulator: Before filing, run a few scenarios with the official Renta WEB Open simulator. It helps evaluate whether you should file individually or jointly, among other options.
- Keep all documentation: While not required to submit, it’s crucial to retain invoices, donation certificates, retention forms, and any documents supporting your tax filing for at least four years.
- Don’t wait until the last minute: Although the deadline is June 30, late submissions often lead to errors. If you plan to pay by direct debit, you’ll need to file by June 25.
Unsure about your situation?
If your tax scenario is complex—such as foreign investments, property sales, or shared income—it’s advisable to seek professional help. Filing accurately is not just about compliance but also about unlocking potential savings you may not even be aware of.
This year’s campaign emphasizes digital tools, streamlining processes, and supporting lower-income earners and landlords willing to moderate rent prices. Understanding these updates is not just a legal necessity—it’s an opportunity to make your tax return work in your favor.
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