The Revenue Agency has published the updated drafts of forms 730 and 770 for the 2024 tax period, introducing important regulatory changes that aim to simplify tax returns and implement recent legislative changes.

The innovations introduced involve different types of income, incentive schemes, deductions and methods of managing tax credits.

How might these changes impact your next statements?

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Model 730/2025: new types of income and updated rates

The 2025 draft form 730 brings significant innovations, in particular regarding the types of income that can be declared and the modification of the income brackets with the related rates. The aim is to make the model more inclusive and suitable for a growing number of taxpayers who do not have a VAT number, while simplifying the entire declaration process.

New types of income and updated frameworks

With the implementation of Legislative Decree no. 1/2024it was decided to broaden the scope of the 730 model by including income that, until now, was exclusive to the PF Income model. The main innovations concern the introduction of M and T paintingswhich allow you to declare:

  • Income subject to separate taxation: for example, indemnities and advances for termination of agency relationships, previously declared in the PF Income form.
  • Income subject to substitute tax: such as capital gains of a financial nature, deriving from financial instruments and investments.
  • Additional taxation for bonuses and stock optionswhich now finds space directly in the simplified model.

These changes reflect a strategy of progressive adaptation of the 730 form to make it the only tax return tool for natural persons who do not have a VAT number. This will allow for more streamlined management and a reduction in the need to compile more complex models.

Remodulation of IRPEF brackets and rates

Another highly impactful change concerns the changes to income brackets and IRPEF rates:

  1. Merger of the first two income brackets: incomes up to 28,000 euros have been unified, simplifying the structure.
  2. Reduction of the rate for incomes between 15,000 and 28,000 euros: from 25% to 23%with an immediate benefit for medium-low taxpayers.
  3. Confirmation of the rates for the higher brackets: no change for incomes above 28,000 euros, guaranteeing stability for those falling within these brackets.

This remodulation allows a large part of the population to benefit from more favorable taxation, also encouraging the use of simplified declaration methods such as 730.

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Deductions and incentive schemes in the 730/2025 model

The draft form 730 for 2025 also introduces important updates regarding tax deductions and incentive schemes, with the aim of providing greater economic support to specific categories of taxpayers and simplifying the use of the benefits. Let’s look at the main changes in detail.

Deductions for employee income

For employees, 2025 brings with it some significant news:

  • Increase in the maximum deductible amount: the deduction for employee income has been raised to 1,955 euros for the 2024 tax period.
  • Thirteenth bonus: for workers with a total income of up to 28,000 euros and at least one dependent child, an allowance of 100 euros. This bonus, calculated based on actual working days, does not contribute to the formation of the overall income and represents a further form of economic relief.

Reduction of deductions for charges

For taxpayers with higher incomes, a reduction in deductions for expenses is foreseen. In particular:

  • Those with a total income greater than 50,000 euros they will see one reduction of 260 euros on deductions for expenses, a mechanism introduced to rebalance the weight of the benefits between the different income groups.

Agricultural relief schemes

An important innovation concerns the agricultural sector, which benefits from specific facilitation schemes:

  • Incomes dominical and agricultural produced by direct farmers and agricultural entrepreneurs, relating to the years 2024 and 2025, contribute to the formation of the overall income only in reduced percentagesguaranteeing preferential taxation.

Dry coupon for short rentals

In the field of short-term rentals, flat rate tax continues to represent an advantageous option:

  • The standard rate for income deriving from short-term rentals is confirmed at 26%.
  • For a single real estate unit identified by the taxpayer in the declaration, the rate is reduced to 21%offering an additional incentive to regularly declare short-term rentals.

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Building bonuses and concessions: Superbonus, Sismabonus and mobile bonuses

The draft model 730/2025 integrates relevant updates on tax bonuses related to construction, with the introduction of new methods of use and spending limits. These incentives, already central to tax policies in recent years, undergo some changes for the 2024 tax period.

Super bonus

The Super bonuswhich encourages the energy requalification of buildings, presents a fundamental innovation for the expenses incurred by the January 1, 2024:

  • The tax deduction will be deferred in 10 annual installments of the same amounta significant change compared to previous methods which involved shorter installments. This intervention aims to make the management of this important incentive more sustainable for the State, while guaranteeing taxpayers the possibility of using it extensively over time.

Sismabonus

Also the Sismabonusdedicated to interventions to improve and make buildings safe from a seismic point of view, will be subjected to the same method of use:

  • Deductions relating to expenses incurred in 2024 will be paid in installments 10 yearsaligning with the Superbonus and contributing to greater financial predictability for both the State and citizens.

Furniture bonuses

As for the mobile bonuseswhich encourages the purchase of highly energy-efficient furnishings and appliances linked to building renovations:

  • The deductible spending limit has been set at 5,000 euros for 2024. Although lower than in previous years, the bonus continues to represent a significant opportunity for families who invest in renovations and furnishings.

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Model 770/2025: the main innovations for tax withholding agents

Form 770/2025, intended for withholding agents, has also been updated to accommodate recent regulatory provisions, introducing important changes in the frameworks dedicated to the management of withholdings and tax credits. These updates aim to make the declaration by employers and other obliged entities clearer and more precise.

Remodulation of the ST and SV panels

The paintings ST (withholdings made) e SV (withholdings for tax assistance and substitute taxes) have been updated for more detailed management of declaration flows. The notes introduced improve readability and facilitate the identification of the sums withheld and paid.

Credit for the “thirteenth bonus” in the SX table

The left paneldedicated to the compensation summary, has been adjusted to include:

  • The credit related to thirteenth bonusintroduced for employees with a total income of up to 28,000 euros and at least one dependent child.
  • The management of this credit takes place through the compensations made by the employer, who must clearly indicate them in the 770 form.

Updated rates for Ivie and Ivafe

In the 770/2025 model there is also space for updated rates For:

  • THE’Ivie (tax on the value of properties located abroad).
  • THE’Ivafe (tax on financial products held in states or territories with privileged tax regimes).

These updates ensure that the model reflects regulatory changes in international taxation.