7.2.6. Reduction for obtaining work income
The reduction for obtaining work income will only apply to taxpayers with net work income of less than 14,450 euros, provided that they do not have income, excluding exempt income, other than work income of more than 6,500 euros. In these cases, both the 2,000 euro charge and this reduction will apply. The amount of the reduction will be:
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Taxpayers with net earned incomes equal to or lower than 11,250 euros: 3,700 euros a year.
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Taxpayers with net earned incomes between 11,250 and 14,450 euros: 3,700 euros less the result of multiplying by 1.15625 the difference between the work income and 11,250 euros per year.
For these purposes, the net income from work will be the result of reducing the total income by the expenses provided for in letters a), b), c), d) and e) of article 19.2 of the Tax Law.
As a result of the application of the reduction provided for in this article, the resulting balance may not be negative.