How does the youth rental bonus affect the Income Tax return?

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Since last Tuesday, the Cabinet has approved most young voucher for hiremany doubts arose about this housing benefit. this young voucher for hire has the purpose of giving Economic support for young people who have difficulty paying rent from their homes. One of the youth rental coupons 250 euros per monthhowever, it should be taken into account that this aid will affect Turkey. 2022 income statement.

What are the application requirements for the youth rental bonus?

this Conditions to be met by applicants for the youth rental bonus these are:

  • exists among 18 and 35 years old.

  • Those who have economic income and do not exceed these incomes Annual gross 24,318 eurosie three times IPREM.

  • rented residence, habitual residence the applicant’s young voucher for hire. And as the Ministry of Transport, Mobility and Urban Agenda explains, “as a general rule, the applicant will be required to apply for the junior rent slip. registered at home“.

  • Maximum rental amount 600 euros per monthhowever, the autonomous communities responsible for administering this bonus can extend this limit up to 900 Euros.

  • If the applicant is in a residence where he pays rent for a room the maximum amount should be 300 euros per monthan amount that communities can raise up to 450 euros.

  • this Junior rental bonus is an individual economic benefittherefore, it can also be requested by those sharing the rental house.

How will it affect the income statement?

Be retroactive helpi.e. will count from 1 January 2022, even if given later, most people who get byoung son of rent They will have to declare it in Income 2022, which will take place from April 2023. Therefore, although it is for next year, it will not have to be considered yet.

Also, as the Financial Technicians Syndicate (Gestha) explains, youth rental bonus for around 40% of beneficiaries Obligation to submit an income tax return. This will happen for beneficiaries youth rental bonus those whose benefits exceed EUR 22,000 in the case of one payer or EUR 14,000 in the case of two persons or whose benefits exceed EUR 1,000 per year.

So they will get away with just declaring youth rental bonus those who earn an average of 83.3 euros per month, those who earn a maximum of 250 euros per month and those who do not exceed the mandatory declaration limits. For many teens, this may mean that the income statement is out to “pay”.

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Those who receive a rental bonus for youth must justify its use.