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The threshold for payments to qualify for a tax deduction for donations made to the works

Last Updated on Sunday, 22 May 2011 08:55 Written by Administrator Monday, 11 August 2008 00:42

The threshold for payments to qualify for a tax deduction for donations to works made ​​by individuals has been updated.

Individuals who make payments to organizations or works of general interest or as public utilities can benefit from a reduction of income tax equal to 66% or 75% of the amount retained in the limit 20% of taxable income.

It being understood that when such payments are made for the benefit of nonprofit making the free supply of meals to those in need, helping to promote their housing or medical care, taxpayers receive a reduction of tax equal to 75%. But in return, these payments are being applied to a specific cap.

Cap that has been updated for 2011. Thus, as of 1 January 2011, the ceiling for such payments amounted to 521 euros (513 euros against 2010).

Education tax of 2 May 2011, BOI B-5 10-11 May 11