The high cost of university is often an obstacle for many students who wish to undertake a course of study. However, there is the possibility of obtaining a tax deduction on tuition fees paid. But how does this mechanism work? Who can use it? What are the maximum deductible amounts? In this article, we will analyze all the information needed to claim the tax deduction on university fees and also discover other tax advantages
for university students.
Table of Contents:
How does the tax deduction for university fees work
The tax deduction for university fees is a mechanism that allows you to subtract from taxable income a certain percentage of the expenses incurred for the payment of university fees. In practice, you can deduct 19% of the expenses incurred for university fees from your taxable income, up to a maximum of 4,000 euros. The reimbursement, in this case, can reach up to 760 euros. To take advantage of the tax deduction, it is necessary to keep the receipts of the expenses incurred available, which must be indicated in the tax return. It is also possible to request a tax deduction for the expenses incurred for the accommodation fee and for the purchase of textbooks
.
Who can take advantage of the tax deduction for university fees
The tax deduction for university fees is intended for university students and their tax-dependent family members. In order to take advantage of the tax deduction, enrollment in the university must have taken place within the deadline set by the university. In addition, students who attend doctoral programs or university master’s degrees can apply for a tax deduction. Foreign students, as long as they are resident in Italy and in possession of a residence permit, can also take advantage of the tax deduction. However, it is important to keep in mind that the tax deduction cannot be combined with other tax breaks provided
for the same expenses.
What is the maximum deductible amount for tuition fees
The maximum deductible amount for university fees is 4,000 euros per year. This means that you can deduct from your taxable income 19% of the expenses incurred for university fees, up to a maximum of 4,000 euros. This amount also includes the expenses incurred for the accommodation fee and for the purchase of textbooks. It is important to keep in mind that the tax deduction cannot be combined with other tax breaks provided for the same expenses. In addition, the tax deduction is intended only for expenses incurred for university enrollment and does not include other expenses such as those related to language courses or professional training courses
.
How to claim a tax deduction for tuition fees
To request a tax deduction for university fees, it is necessary to keep the receipts of the expenses incurred available. The receipts must contain all the data related to university enrollment, including the amount of the fee paid and the reference year. In the tax return, it will be necessary to indicate the university’s tax code, the amount of tax paid and the reference year. It is important to keep all the receipts of the expenses incurred, as they may be requested by the Revenue Agency for possible checks. The tax deduction for university fees can be requested both in the annual tax return and in the pre-filled tax return
.
Other tax advantages for college students
University students can take advantage of other tax advantages in addition to the tax deduction for tuition fees. For example, it is possible to request a tax deduction for the expenses incurred for the purchase of textbooks, up to a maximum of 200 euros per year. In addition, university students can take advantage of the tax deduction for the expenses incurred for the accommodation fee, which can reach up to a maximum of 2,633 euros per year. It is important to keep in mind that the tax deduction for accommodation expenses is intended only for off-site students, that is, those who have their residence in a municipality other than the one where the university is located
.
In conclusion, the tax deduction for university fees represents an important tool to facilitate university students and their families. With the use of this mechanism, in fact, it is possible to obtain a reimbursement on the expenses incurred for university enrollment, accommodation and textbooks. In addition, university students can take advantage of other tax advantages that make university studies less onerous.
