Families moving inland and transferring their permanent residence will have a three-year increase in household income tax deduction at the IRS – from the usual 502 euros, the deduction rises to 1,000 euros, above the 600 euros draft OE for 2019.
And for students attending schools located in inland territories, there will be an increase in deductions from the collection: the 30% of education expenses they can deduct from the IRS increase by 10 percentage points. The maximum ceiling increases from 800 euros to 1,000 euros (which is a development compared to the preliminary version of the OE, which maintained the maximum ceiling of 800 euros).
In the articles of the Official Journal, which the Economic Journal had access to, it is stated that "in the case of students attending educational establishments located in the interior (…) an increase of 10 percentage points is applied to the amount borne by education and training referred to in Article 78d (1)
of the IRS Code, the overall limit established therein being raised to 1,000 when the difference is relative to these expenses. "
A clause stipulating that "the IRS collection deduction referred to in Article 78E (1) (a) of the IRS Code has a limit of 1,000.00 for three years, first, the date of conclusion of the contract, where the charges provided for result from the transfer of permanent residence to an inland territory ".
These two points are added to Article 41b (Tax benefits applicable to inland territories).