Maximize Income Statement: Deductions Explained
- VALENCIA, Spain – More than 2.7 million residents of the Valencian Community will file their income tax returns with the Tax Agency in 2025,starting wednesday,April 2. Taxpayers may...
- The Valencian Community offers 38 autonomous deductions, including six introduced last year.This year, deductions related to damages from the "Dana" storm have been added.
- Two new social deductions are available this year on the regional portion of the income tax return for those impacted by the "Dana" storm.
Valencian Community Taxpayers Can Claim New Deductions in 2025 Income Tax Filing
Table of Contents
- Valencian Community Taxpayers Can Claim New Deductions in 2025 Income Tax Filing
- Valencian Community Tax Deductions in 2025: A Guide for Taxpayers
- What’s New in Valencian Community Tax Deductions for 2025?
- Who Can Benefit From “Dana” Storm Damage deductions?
- What Expenses Qualify for Home Repair Deductions After the “Dana” Storm?
- Are There Any Other health, Sports, and Home Purchase Deductions?
- Key Tax deduction facts Summary
- What Documentation Do I Need to Claim These Deductions?
VALENCIA, Spain – More than 2.7 million residents of the Valencian Community will file their income tax returns with the Tax Agency in 2025,starting wednesday,April 2. Taxpayers may realize significant savings by claiming all eligible deductions.
The Valencian Community offers 38 autonomous deductions, including six introduced last year.This year, deductions related to damages from the “Dana” storm have been added. The Generalitat Valenciana estimates these expanded deductions could save Valencians a total of 217 million euros.
New Deductions for “Dana” Storm Damage
Two new social deductions are available this year on the regional portion of the income tax return for those impacted by the “Dana” storm.
Homeowners can deduct 100% of repair expenses for their primary residence,up to a maximum of 2,000 euros. This applies to tax periods ending in 2024 and 2025. Eligible expenses include construction of walls, painting, repairs to facilities, and replacement of elements such as heating systems, elevators, and security doors.
Businesses can deduct 45% of investments in the creation or expansion of capital for certain entities, up to 9,900 euros per taxpayer. This deduction is applicable in tax periods ending in 2024 and 2025. The aim is to “contribute to obtaining own resources by entities that develop economic activities and have their registered office and fiscal domicile within the territorial scope affected” by the floods.
Social deductions introduced last year remain in place for the second consecutive year. Taxpayers can deduct 30% of expenses related to oral health,sports,and mental health,up to 150 euros. A deduction of 30% is also available for expenses related to the acquisition of graduated lenses, brain damage or Alzheimer’s, and chronic or rare diseases, up to 100 euros.
Deducting Expenses for Dentists, Psychologists, and Gyms
Young people under 35 can benefit from a 25% tax reduction on the purchase of their first home, provided the cost is less than 180,000 euros. The interest rate will decrease from 8% to 6%. To claim this deduction, taxpayers should refer to Box 1092 in the draft declaration.
Since last year, a 30% deduction is available for expenses related to healthy sports activities, from gym memberships to any federated sport for any family member. This should be indicated in Box 1960.
Taxpayers can also deduct 30% of oral health expenses (up to 150 euros for dentist visits), 30% of expenses for glasses and contact lenses (up to 100 euros), and 30% of expenses for mental health professionals such as psychologists (up to 150 euros). Expenses for rare diseases and Alzheimer’s care are also deductible up to 100 euros. These health-related expenses should be included in Box 1959.
Amounts paid for fertility treatments are also deductible and should be indicated in Box 0806.
While it is not necessary to attach invoices to the draft income statement, taxpayers should retain them to verify the exact deductible amount and as proof in case the Tax Agency requests documentation.
Valencian Community Tax Deductions in 2025: A Guide for Taxpayers
What’s New in Valencian Community Tax Deductions for 2025?
The Valencian Community is offering new tax deductions in 2025 for residents. these deductions could potentially save Valencians a total of 217 million euros. This year’s changes include new deductions related to the “Dana” storm and the continuation of existing social deductions.
Who Can Benefit From “Dana” Storm Damage deductions?
Two new social deductions are available for individuals and businesses impacted by the “Dana” storm.
- For Homeowners: You can deduct 100% of repair expenses for your primary residence, up to a maximum of 2,000 euros. This applies to tax periods ending in 2024 and 2025.
- For Businesses: Businesses can deduct 45% of investments in the creation or expansion of capital,up to 9,900 euros per taxpayer. This is also applicable in tax periods ending in 2024 and 2025.
What Expenses Qualify for Home Repair Deductions After the “Dana” Storm?
Eligible expenses for homeowners include:
- Construction of walls
- Painting
- Repairs to facilities
- Replacement of elements such as heating systems, elevators, and security doors
Are There Any Other health, Sports, and Home Purchase Deductions?
Yes, several deductions introduced last year remain available, along with a tax reduction for first-time homebuyers.
Young people under 35 can benefit from a 25% tax reduction on their first home purchase (costing less than 180,000 euros), and the interest rate decreases from 8% to 6%. Refer to Box 1092 in the draft declaration to claim this deduction.
Additionally, you can deduct:
- 30% of expenses for oral health (up to 150 euros) – Box 1959
- 30% of expenses for glasses and contact lenses (up to 100 euros) – Box 1959
- 30% of expenses for mental health professionals, like psychologists (up to 150 euros) – Box 1959
- Fertility treatments (indicate in Box 0806)
- Expenses for rare diseases and Alzheimer’s care (up to 100 euros) – Box 1959
- 30% of expenses related to healthy sports activities (gym memberships, federated sports) – Box 1960
Key Tax deduction facts Summary
here’s a speedy reference table summarizing key tax deductions available in the Valencian Community:
| Deduction Category | Details | Maximum Deduction | Tax Period | Relevant Box on Declaration |
|---|---|---|---|---|
| “Dana” Storm Damage – Homeowners | 100% of repair expenses for primary residence | €2,000 | 2024 & 2025 | not specified in article |
| “Dana” Storm Damage - Businesses | 45% of investments in creation or expansion of capital | €9,900 | 2024 & 2025 | Not specified in article |
| First Home Purchase (Under 35, under 180,000€) | 25% tax reduction, interest rate from 8% to 6%. | N/A | Not specified in article | 1092 |
| Oral Health | 30% of expenses | €150 | Not specified in article | 1959 |
| Glasses/Contact Lenses | 30% of expenses | €100 | Not specified in article | 1959 |
| Mental Health (Psychologists) | 30% of expenses | €150 | Not specified in article | 1959 |
| Rare Diseases/Alzheimer’s Care | 30% of expenses | €100 | Not specified in article | 1959 |
| Healthy Sports Activities | 30% of expenses | Not specified in article | not specified in article | 1960 |
| Fertility Treatments | Amounts paid for | Not specified in article | Not specified in article | 0806 |
What Documentation Do I Need to Claim These Deductions?
While you don’t need to attach invoices to your draft income statement, it’s crucial to keep them. This will help you verify the exact deductible amount and serve as proof if the Tax Agency requests it.