In the IRS, education expenses are tax deductible at 30% of their value, with a maximum limit of 800 euros per family. However, there is an exception for families with students attending educational establishments in interior territories or autonomous regions. In these cases, it is possible to deduct 40% of training and education expenses, up to a limit of 1,000 euros.
Expenses that can be considered for deduction purposes cover several categories. Among them are tuition fees and monthly fees from educational institutions, public or private, such as daycare centers, schools and universities. School textbooks are also included, as well as transportation, accommodation and food expenses for displaced students. Extracurricular activities directly related to teaching are accepted, as long as the invoices are issued by entities duly classified by the Tax Authority as providing education services.
According to , for these expenses to be considered valid, the invoices must be correctly classified on the portal e-Invoice as “Education”. Furthermore, expenses are only accepted from suppliers whose CAE (Economic Activity Code) is related to educational activities. It is important to note that charges must be exempt from VAT or, where applicable, taxed at a minimum rate of 6%.
On the other hand, there are items that are not deductible as educational expenses. School supplies, such as notebooks, pencils and backpacks, are not deductible. The same applies to computers and electronic devices, unless they are required as part of specific, duly substantiated educational programs. Education expenses are not just restricted to children. If parents or other family members are studying, they can also deduct the costs associated with training.
For more information on applicable legislation, it is recommended to consult article 78-D of the IRS Code, which details the conditions and requirements for the deduction of educational expenses.
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