Illnesses and expenses, now you can recover the money you spent during the year. How to do it and what are the conditions and percentages.
Are you worried about the medical expenses you have incurred? From now on, you can recover some of that money thanks to the tax deductions provided for healthcare expenses.
The Revenue Agency has made the model 730 available, which allows you to declare medical expenses incurred during 2023 and obtain tax benefits. How exactly does this process work and what expenses can you deduct?
The 730 form is essential for tax returns and is particularly useful for pensioners and employees. Among the attachments, there is one specific to deductible expenses, including medical ones. These expenses must be reported in the Table E Charges and expenses. It is in the rig E1 that you must enter the entire amount incurred for you and your dependents. A 19% deduction applies to the part that exceeds 129.11 euros, and expenses relating to exempt pathologies must be specifically reported.
Expenses for the purchase of medicines are also deductible, as long as you can document them with an invoice or receipt that reports the nature, quantity, and alphanumeric code of the drug. If your healthcare expenses exceed a certain threshold, you can ask to create installments defined in four equal annual installments. Simply tick the appropriate box, and the calculation will be performed by tax assistance. If you have already requested installment payments, remember to fill in the rigo E6.
But it’s not just drugs that are deductible: surgical interventions, diagnostic tests, specialist treatments, health prostheses, medical visits, health tickets, and even expenses for medical devices can benefit from the 19% tax deduction. Hospital admissions and specific care, such as nursing and rehabilitation services, may also be included.
To obtain the deduction, it is essential to keep all tax documentation relating to medical expenses. For medicines, receipts are needed; while for medical certificates, insurance procedures, and other similar expenses, the tax receipt or invoice issued by the doctor is required.
In summary, recovering the money spent on medical care is possible thanks to the tax deductions provided by law. With the 730 model and proper documentation, you can obtain a good economic return on your healthcare costs. So, don’t forget to fill out your 730 carefully and keep all the necessary documents – it’s the first step to getting your money back.