Also in 2024, the furniture and appliances bonus is available, which allows obtaining a 50% deduction on a maximum amount of 5,000 euros. In this guide, updated in June 2024, we will see the details of the bonus, the necessary requirements, the expenses allowed and the methods of applying, in addition to recent regulatory changes
.
What is the 2024 Furniture Bonus
The furniture bonus consists of a 50% personal income tax deduction for the purchase of furniture and large appliances intended to furnish a property subject to renovation or routine maintenance.
Initially introduced by Decree-Law no. 63 of 4 June 2013, the bonus was extended and modified by subsequent budget laws until 2024
.
Thanks to the 2023 Budget Law, the expenditure ceiling on which to calculate the deduction has been set at 5,000 euros for 2024, compared to 8,000 euros in 2023.
How Does the Furniture Bonus Work
The furniture bonus works through a deduction to be indicated in the tax return. The deduction is divided into ten annual installments of the same amount and is recovered over 10 years. It is important to note that the bonus applies only to taxpayers who benefit from the deduction for the costs of recovering the
building stock.
2024 Furniture Bonus Requirements
To access the furniture bonus, it is necessary to have carried out building renovations on residential real estate units or common parts of residential buildings. There is no ‘furniture bonus without renovation’.
Who is entitled to the Furniture Bonus
The bonus is due to:
- Owners of properties undergoing renovation.
- Holders of real or personal rights of enjoyment over real estate (usufruct, use, dwelling, surface).
- Tenants or borrowers, members of cooperatives, individual entrepreneurs (for non-capital properties).
- Subjects that produce income in an associated form (shareholders of simple companies, in a collective name, in simple limited partnerships).
- Separate spouse assignee of the property in the name of the other spouse.
- Cohabiting family member of the owner or owner of the property.
- Component of the civil union.
Jobs that entitle you to the Furniture Bonus
The interventions that allow access to the bonus include:
- Extraordinary maintenance, restoration, conservative renovation and building renovation on individual apartments.
- Reconstruction or restoration of a building damaged by calamitous events.
- Restoration, conservative rehabilitation and building renovation of entire buildings by construction companies.
- Ordinary and extraordinary maintenance, restoration and conservative rehabilitation on common parts of residential buildings.
What is included in the Furniture Bonus
The bonus covers the purchase of:
- New furniture (beds, wardrobes, dressers, etc.).
- Large appliances with an energy class not lower than A for ovens, E for washing machines, washer-dryers and dishwashers, F for refrigerators and freezers.
The deduction is also due to the costs of transporting and assembling the goods purchased. In addition, the deduction also applies to purchases intended to furnish an environment other than the same building subject to building intervention
.
Furniture Bonus Amount
The maximum amount of the furniture bonus in 2024 is 5,000 euros. The 50% deduction applies to this amount, so the maximum tax discount is 2,500 euros. If you carry out work on several real estate units, you are entitled to the bonus for each unit
.
When You Are Eligible for the Furniture Bonus
The right to the furniture bonus is linked to interventions to recover the building stock started as of January 1 of the year before the purchase of the furniture. For purchases made in 2024, therefore, interventions must have started as of January 1, 2023
.
Accepted Payment Types
To obtain the deduction, payments must be traceable:
- Bank transfer.
- Debit or credit card.
- Financing in installments (if the financing company pays by bank transfer or card).
Payments with bank checks, cash or other untraceable means are not allowed.
Checks and Documents to Keep
For checks and controls, it is necessary to keep:
- Bank transfer receipts.
- Transaction receipts (for card payments).
- Bank account debit documentation.
- Invoices for the purchase of goods.
How to Claim the Furniture Bonus
The bonus is requested through the tax return, presenting the 730 model or the Personal Income model. There is no specific application to submit; just indicate the expenses incurred in the declaration
.
ENEA communication
For some appliances (ovens, refrigerators, dishwashers, etc.), it is mandatory to communicate the purchase to ENEA within 90 days from the end of the renovation work. Failure to communicate does not result in the loss of the right to deduct
.
The 2024 furniture bonus represents an important opportunity for those who carry out renovations and want to renew their furniture and appliances with significant tax savings. By following the instructions and complying with the requirements, it is possible to obtain a deduction that covers half of the expenses incurred up to
5,000 euros.
