The end-of-year deadline for the 2021 furniture bonus is approaching. The 50% personal income tax deduction to be recovered in ten years is due for the expenses incurred up to 31 December 2021 for the purchase of new furniture and large new appliances of an energy class not lower. to A + (A or higher for ovens and washer-dryers), for equipment for which the energy label is required.
Towards a spending ceiling of 10 thousand euros
The subsidy is also valid for purchases made in 2021, but can only be requested by those who carry out a building renovation project that began on January 1, 2020. Until the end of the year, the ceiling is 16 thousand euros (it was 10 thousand in 2020). The budget bill in the version approved by the Government provides for a lower deductible spending limit: which from 2022 drops to 5 thousand euros. But among the changes that could be introduced on the occasion of the examination of the provision by the Senate at first reading, the one that raises the threshold from 5 thousand to 10 thousand euros is expected. An agreement in this direction was in fact reached by the majority. The definitive go-ahead is awaited from the Ministry of Economy. The work of the Government and the majority to finalize the changes to the Budget Bill continues in these hours. The Budget Commission of Palazzo Madama will begin voting on the amendments to the budget law on Sunday evening, December 19th (from 3.00 pm). Even if the threshold were to eventually pass to 10 thousand euros, to take advantage of the higher limit linked to 2021 (16 thousand) it is possible to anticipate payments. The personal income tax deduction must be divided into ten equal annual installments.
The facilitated furniture
The easy-to-use furniture includes beds, wardrobes, chests of drawers, bookcases, desks, tables, chairs, bedside tables, sofas, armchairs, sideboards, as well as mattresses and lighting devices that are a necessary completion of the furnishings of the property being renovated. On the other hand, the purchases of doors, flooring (for example, parquet), curtains and draperies, as well as other furnishing accessories are not eligible.
… and large appliances
As for large household appliances, the law limits the benefit to the purchase of types with an energy label of class A + or higher, A or higher for ovens, if the energy label is mandatory for those types. The purchase of large household appliances without an energy label can be facilitated only if the energy label obligation is not yet foreseen for that type. For example, large household appliances include: refrigerators, freezers, washing machines, washer dryers, dryers, dishwashers, cooking appliances, electric stoves, electric hot plates, microwave ovens, electric heating devices, electric radiators, electric fans, appliances for conditioning.
Payments by bank transfer or debit or credit card
To have the deduction, payments must be made by bank transfer or debit or credit card. However, it is not allowed to pay by bank check, cash or other means of payment. If the payment is made by bank or postal transfer, it is not necessary to use the one (subject to withholding tax) specially prepared by banks and post offices for building renovation costs.