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RENT IN ALICANTE |Up to 235,689 Alicante residents will be able to deduct from personal income tax the purchase of prescription glasses and contact lenses

The spokesperson for the Consell with representatives of the Community College of Opticians / INFORMATION

Up to 662,310 taxpayers in the Valencian Community will be able to benefit from the deductions for optical expenses promoted by the Generalitat in the regional section of personal income tax, which will allow citizens to aspire in the current income campaign to a tax saving that is expected to reach around 63.3 million euros.These deductions, according to the Generalitat, will provide an incentive for the acquisition of prescription glasses, contact lenses and cleaning solutions.Of these potential beneficiaries, 235,689 correspond to the province of Alicante, 347,392 to Valencia and 79,230 to Castellón. All Black Eye Contacts

RENT IN ALICANTE |Up to 235,689 Alicante residents will be able to deduct from personal income tax the purchase of prescription glasses and contact lenses

This was detailed by the Minister of Finance, Economy and Public Administration, Ruth Merino, after the meeting she held with the president of the College of Opticians-Optometrists of the Valencian Community, Andrés Gené, which was also attended by the general director of Taxes and Gaming, Inmaculada Domínguez, to address tax deductions in personal income tax for expenses generated by optical products and that are applicable in the 2023 income campaign that began on April 3.

The person in charge of Valencian finances has explained that these deductions cover 30% of the expenses associated with the acquisition of prescription glasses, contact lenses and cleaning solutions in 2023, with an amount limit of 100 euros.

Specifically, returns with an individual tax base of up to 32,000 euros and a joint tax base of up to 48,000 euros can benefit from these deductions.

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Ruth Merino has been convinced that the implementation of these deductions "will improve the health of citizens, which only has positive effects, not only for people who wear glasses and contact lenses but for everyone, because this means improving the quality of everyone", and added that this is aid that will have "a great social impact because it involves daily expenses that are part of daily life in many homes".

For his part, the president of the College of Opticians-Optometrists has pointed out that the deduction “is very positive because it makes it easier for people to access opticians, to wear glasses and contact lenses.If we take into account that for 92% of the population the organ of vision is the most important, it is striking that 30% do not check their vision.Therefore, these aids make it easier for people to become aware of both prevention and whether they need glasses to improve their quality of life."

The deduction limit will be established per taxpayer and the disbursements may be used to purchase optical products for any of the members of their family unit.

When two reporting taxpayers have the right to apply this deduction because it corresponds to expenses related to other members of their family unit, its amount will be prorated between them in equal parts.

— President of the College of Opticians-Optometrists of the Valencian Community

It should be noted that premiums made for medical insurance or the amount of medical benefits that are reimbursable by Social Security or the entities that replace it will not be susceptible to deduction.

Nor will the amounts paid to non-profit associations declared of public utility that enjoy the deduction for donations and other contributions regulated in Law 35/2006 on the Income Tax of Physical Persons and Taxes be included in the base of the deduction. partial modification of the laws on Corporate Taxes, on Non-Resident Income and on Wealth.

Expenses must be accredited by means of the corresponding invoice and proof of payment made through credit or debit card, bank transfer, nominative check or account deposit (bizum).

These tax relief measures are contemplated in the Law of Fiscal Measures that accompanies the Budget of the Generalitat for 2024, which promotes a set of deductions in personal income tax retroactively for the 2023 declaration that will represent an estimated saving of more than 180 million euros for 2.1 million taxpayers, 87.5% of filers in the Valencian Community.

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RENT IN ALICANTE |Up to 235,689 Alicante residents will be able to deduct from personal income tax the purchase of prescription glasses and contact lenses

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