The Government confirmed the extension of Furniture Bonus until 2025, maintaining the 50% tax deduction for the purchase of furniture and large appliances. This discount, which allows you to recover half of the expense incurred, will have a maximum ceiling of 5,000 euros, keeping the threshold unchanged compared to the latest regulatory updates.
The decision to extend the bonus has been welcomed by the furniture sector and consumers, especially considering that other benefits are being restricted.
But what are the main innovations and what will change in the panorama of tax breaks for the home?
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Furniture Bonus and Renovation Bonus: separate benefits for second homes
One of the main innovations concerns the differentiation between the furniture bonus and the renovation bonus for buildings second homes. Unlike in the past, when the two incentives were aligned with the same rate, from 2025 there will be a separation: the renovation bonus will drop to 36% for work on second homes, while the furniture bonus will remain at 50% for the purchase of furnishings and large appliances.
This means that, for those who decide to renovate a second home, it will still be possible to benefit from a significant discount on the purchase of furniture, even if the advantage on building work will be reduced.
This distinction arises from the need to contain public spending, while at the same time guaranteeing selective support for families who intend to improve their homes.
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New deduction limits based on the family quotient
Starting from 2025, all deductions for home bonuses, including the furniture bonus, will be subject to a new calculation system based on the family quotient. This means that the maximum amount of deductible expenses will be influenced by the family income and the number of dependent children.
The objective is to modulate the benefits based on the families’ ability to pay, making the deductions more accessible for those with lower incomes or a large family.
However, it is important to clarify that this modification it will not have retroactive effects: Expenses incurred in the past will not be counted towards the new limit. This is fundamental for those who have already benefited from incentives such as the superbonus, since the spending installments already made will not impact the new ceiling.
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Hurry up to take advantage of current bonuses: what to do by the end of the year
Those who intend to take advantage of the current tax breaks must consider that the next few months will be crucial. By 31 December 2024, it will still be possible to take advantage of the 50% deductions for work on second homes and other expiring incentives, such as the ecobonus and the earthquake bonus.
However, to benefit from the benefits, it is essential that payments are made by the end of the year, following the cash principle. This implies that the transfers must be made by December 31st, regardless of the completion of the works.
Paying in advance may involve some risks, especially in terms of potential disputes with suppliers, but it is the only way to guarantee access to tax discounts as they expire.
