10.7.24. To offset the effects of inflation

Amount and limits

The amounts paid for the acquisition of goods and services that make up the shopping basket referred to by the National Statistics Institute, with the following limits:

• 200 euros, for taxpayers whose sum of the general tax base and the savings tax base for the tax period is less than 12,500 euros. This limit may be increased by 50 euros for each child or dependent of the taxpayer.

• 150 euros, for taxpayers whose sum of the general tax base and the savings tax base for the tax period is less than 21,000 euros. This limit may be increased by 37.50 euros for each child or dependent of the taxpayer.

• 100 euros, for taxpayers whose sum of the general tax base and the savings tax base for the tax period is less than 30,000 euros. This limit may be increased by 25 euros for each child or dependent of the taxpayer.

Requirements and conditions

• For the purposes of applying this deduction, only the expenses paid by the taxpayer in the following groups that make up the shopping basket of the Consumer Price Index will be taken into consideration: 01 (food and non-alcoholic beverages), 03 (clothing and footwear), 04 (housing, water, electricity, gas and other fuels) and 06 (healthcare)

• For the application of the increase in the limits of this deduction, only those daughters or sons or descendants who give the right to apply the minimum for descendants provided for in the LIRPF will be taken into account.

Completion

The amount paid will be recorded with the right to deduction

The increased limit per child will be applied by the program based on the family data provided.