Tax deductions on insurance premiums

The Revenue Agency clarified, through circular no. 24/2022, how the 19% IRPEF deduction works in the 2022 tax return, or what are the terms for deducting the expenses incurred annually to pay insurance premiums in the tax return.
Specifically, an amount equal to 19% of the premiums relating to life and accident insurance contracts stipulated or renewed before 31 December 2000 will be deducted from the gross tax.
The deduction is calculated on a maximum amount of the premium equal to 530 euros and is due to the insured only on condition that the expense is supported by bank or postal payment or through other traceable payment systems, in full to those with an income of up to 120 thousand euros and, reduced to zero upon reaching an income of 240 thousand euros.

The deduction is due to the taxpayer if:

• he is a policyholder and insured;
• he is the policyholder and one of his dependent family members is the insured person;
• a dependent family member is both a policyholder and an insured person;
• he is the insured person and a dependent family member is the policyholder;
• the policyholder is a dependent family member and the insured person is another dependent family member.

Running a business requires not only a lot of time, but also investments and a lot of passion.
Businesses are, by their nature, subject to risks of all kinds that can compromise the fruits of this great dedication. With the right personalized insurance, all entrepreneurs have the concrete possibility of protecting their company from unforeseen events, which are often unfortunately unavoidable.
For example, it could happen that during working hours a technical tool falls and accidentally hits a customer or an employee who was in the immediate vicinity, causing bruises. Or a collaborator could suffer more or less serious injuries after slipping due to not having noticed the wet floor. Or a professional could injure himself following the careless use of specialized machinery.

For this reason, the owner of a company, whatever the sector of specialization and reference, should take out an insurance policy to cover the risks and unforeseen events associated with his business, not only to protect his company, but also to protect himself and his employees. Like the Coverage Lokky Civil Liabilityan insurance designed down to the smallest detail with the aim of covering the insured against all risks deriving from negligent, imprudent or culpable behavior that damages something or someone, guaranteeing the business from any possible request for compensation. In practice, this policy refers to those behaviors that violate the rules of private law and which can be resolved with compensation for the damage caused to the injured parties.

Now you can protect yourself and your business with the Lokky policy best suited to you and your needs, and save by requesting the cost of coverage to be deducted directly during your tax return.