Official list of personal deductions for your annual return

The Tax Administration Service (SAT) published the official list of personal deductionsthat the Physical persons can present in their Annual statement of taxes.

He noted that the deductions allow taxpayers decrease some bills personal and, where appropriate, obtain the return of a part of their taxesif your annual return shows a favorable balance.

He indicated that, to make effective the benefitpeople must have the bill decade service acquired and have carried out the pay through electronic transfer, card of credit, debit o cheque nominative.

What expenses can be deducted?

The SAT reported that the taxpayers can deduct:

1. Medical expenses

can be included Medical feesdentist, psychologynutrition, Nursing, treatments; expenses for inability or disability, hospitable, medicines included in invoices for hospitalization (no pharmacy receipts).

As well as clinical analysislaboratory studies or prosthesispurchase or rental of devices for the restoration or rehabilitation y glasses graduated opticians, up to an amount of 2,500 pesos.

2. Funeral expenses

They are deductible funeral expenses that do not exceed the annual Measurement and Update Unit (UMA) of the year to be declared. The service can be for the taxpayer, his or her spouse or common-law wife, as well as for parents, grandparents, children y grandchildren.

3. Donations

Includes the donations non-onerous or remunerative that are granted to institutions authorized for that purpose and to the Federation. The limit is up to 7% of the cumulative income of the immediately preceding year for those granted to donors authorized and up to 4% for those granted to the Federation.

4. Tuition fees

The amount paid for each of the children must not exceed the following annual limits:

• Preschool: 14 thousand 200 pesos
• Primary: 12 thousand 900 pesos
• Secondary: 19 thousand 900 pesos;
• Technical professional: 17 thousand 100 pesos
• Baccalaureate or its equivalent: 24 thousand 500 pesos

5. School transport expenses

Applies when this is mandatory or when said expense is included in the tuition.

6. Complementary contributions to retirement

Includes the contributions complementary or voluntary activities carried out directly to the subaccount.

7. Special and personal savings accounts

Are the deposits that are based on a plan personnel related to age, retirement o withdrawalwhose amount does not exceed 152 thousand pesos in the year.

8. Medical insurance premiums

Son deductibles premium payments for insurance of medical expenses complementary or independent of health services health public, whose beneficiaries are both the taxpayer such as your spouse, common-law wife, ascendants or descendants in a straight line.

9. Mortgage loans

They are deductible interests actual accrued and actually paid by credits with the financial system, Infonavit o Fovisssteamong other.

Key points regarding deductions

The SAT noted that:

• The total amount of the personal deductions -except medical expenses for incapacity and disability, voluntary contributions and complementary contributions of withdrawaldeposits in special accounts for the saving y tuition– cannot exceed five Measurement and Update Units (ONE) annual of the financial year to be declared or 15% of the total of your income, including those exempt, whichever is less.
• Taxpayers who paid taxes in the Simplified Trust Regime (Resico), during fiscal year 2023, personal deductions cannot be applied.