Deductions and Tax Credits for Retirement Contributions: How and Where to Include Them in the 2024 Tax Return

Where to Indicate Pension Contribution Deduction in 730/2024 Form?

In the Italian tax system, pension contributions play a significant role in reducing taxable income.
According to Article 10 of the Italian Tax Code (Tuir), mandatory social security contributions are fully deductible from the total income.
This includes both mandatory and voluntary contributions made by taxpayers.

Voluntary contributions encompass various types of payments, such as covering contribution gaps, redeeming university years for pension purposes, voluntary payments, and consolidating periods accrued in other pension schemes.
All these contributions fall under the same tax benefit.

Moreover, taxpayers, including those under flat-rate tax schemes, can benefit from this deduction.
It’s worth noting that deductions also apply to contributions made to supplementary pension funds, albeit subject to certain limits.

For domestic workers’ contributions, there is also a deductible limit imposed.
These deductions must be specified in the 730 form, in section E dedicated to expenses and charges.
However, the way contributions are reported varies depending on the type, with different lines and codes for each, along with specific limits for tax relief.

In the 730/2024 form, specific sections are allocated for different types of contributions to ensure correct reporting and deduction calculation.

Table: Indication of Pension Contributions in 730/2024 Form

Contribution Type	Recognized Benefit	Deduction Limit	730 Form Line	Code
University Course Redemption Contributions for Dependent Family Members	19% deduction	Rigo E8-E10	32
Redemption Contributions for University Courses or ITS Academy Courses of Dependent Family Members Enrolled in Pension Scheme	Deduction	Rigo E8-E10	32
Social Security Contributions	Deduction	Rigo E21
Contributions for Domestic Workers	Deduction	€ 1,549.37	Rigo E23

Additionally, specific guidelines are provided for different types of contributions, with varying deduction limits and reporting requirements throughout the 730/2024 form.

Furthermore, for contributions and premiums to complementary and individual pension schemes, a deduction from the total income of up to €5,164.57 is allowed, with specific reporting instructions in the form.

To summarize, taxpayers can benefit from deductions related to various pension contributions, subject to specific limits and guidelines, ensuring accurate reporting in the 730/2024 tax form.

Conclusion

Understanding how and where to report pension contributions in the 730/2024 form is crucial for maximizing tax benefits and ensuring compliance with Italian tax regulations.
By following the specific guidelines and reporting requirements outlined for each contribution type, taxpayers can effectively leverage deductions to reduce their taxable income.