Those who pay the mortgage can get a refund by deducting some expenses incurred. Let’s see what is the correct procedure to follow.
The mortgage includes the payment of interest paid together with the monthly installment paid to the bank. Very high figures that significantly cut the family budget. How to recover at least part of the expense?
To buy a house, more than 70% of buyers must necessarily apply for a mortgage from the bank. In fact, most families do not have the liquidity necessary to buy the property, pay the notary, the agency and the taxes. They barely have the money for the initial expenses, those not covered by the large loan, let alone for a total purchase. In order not to pay rent, they prefer to pay a rather onerous monthly payment to own a house.
Years of sacrifices that will ultimately be repaid with a valuable asset to leave to your children (if the interventions foreseen by the Green Homes Directive are carried out). Anyone who is now building a house after having requested a mortgage should inform themselves about How to have a property with a high energy class to increase its value and avoid future restructuring problems. Mortgage for the purchase or construction of a house, therefore, which takes a lot of money out of the pockets of Italians every month.
How to recover part of the mortgage costs for your first home, whether purchased or built
Since 1998, the law has provided for a 19% deduction of mortgage interest and related additional charges plus a similar deduction of the revaluation quotas dependent on indexation clauses connected to mortgage loans signed since 1998 for the construction or renovation of the main house. This deduction is calculated on a maximum ceiling of 2,582.28 euros.
Deduction of passive mortgage interest (Designmag.it)
Like any other deduction, to take advantage of it you will need to report the expense in your tax return using the correct codes. For expenses relating to the period between 1998 and December 31, 2021, the reference code in the case of construction of a primary residence is “10”. Based on your income, it will be established whether you are entitled to the supplementary treatment.
For mortgages taken out from 1 January 2022, however, the reference code is “46”. Where there are multiple mortgages in progress, the limit of 2,582.28 euros would refer to the total amount of interest, accessories and revaluation quotas. An important clarification that highlights an important difference between purchasing the main residence and building it. In the second case, the interest quota of the fiscally dependent spouse cannot be deducted by the other spouse.
