Today is the deadline to update household information and report education expenses to the IRS.

Taxpayers whose household changed during 2022 must inform the Tax and Customs Administration (AT) by this Wednesday, which is also the deadline for reporting education spending for internally displaced students.

The Household Update is one of the first steps in preparing for your annual tax return filing, which begins April 1, and impacts your tax payment as the AT uses this information to calculate the tax due from taxpayers.

This message is relevant when there has been a change in household composition during the previous year due to death, marriage, divorce, adoption or birth of children, change in parental agreement, or change in permanent residence.

Without this updated information, AT will take into account the personal and family data contained in the IRS return filed last year.

The Household Update can be done through the Financial Portal and now is a good time to also indicate situations in which children are over the age at which they are no longer considered dependents for IRS purposes.

Household verification also allows taxpayers to benefit from automatic tax administration (if they complete the income profile required to do so) and allows AT to perform the necessary calculations so that people who are exempt from filing an IRS return can receive and benefit from tax exemption moderation. fees in the National Health Service, social tariff for electricity or social support, for example.

This step is still valid for public school enrollment purposes and the update must refer to household composition on the last day of the previous year.

This Wednesday also ends the deadline for families with students relocated to institutions in the interior or autonomous region to report their expenses, including rent.

As of 2019, there has been an increase in tuition fees for students relocated to the hinterland or autonomous regions for IRS purposes.

Under the current regime, 30% of a family’s education expenses are deductible from the IRS fee up to a maximum of €800, with rent being one of the eligible expenses for families with dependents attending institutions of higher education more than 50 kilometers from home and younger 25 years.

If the displaced student is attending a higher education institution inland (more than 50 kilometers from home), the costs are increased by 10% and the total deduction limit is increased from €800 to €1,000 when the difference relates to property rent.