The Council of Ministers approved, today, the 2024 Budget Law, or at least the general lines to be sent to Brussels with the Budget Planning Document, aware that, as happens every year, to arrive at the definitive maneuver to be sent to the Chambers it will take more time.
In the Senate, most likely, everything will arrive no earlier than October 26 or 27, although there are those who believe that it will even need to arrive at the first days of November.
The Council of Ministers will also approve, among other things, two of the most awaited measures for 2024, one which concerns the merging of the first two Irpef rates and the other for the "urgent measures in economic and fiscal matters, in favor of entities territorial, to protect work and for non-deferrable needs".
The pillars of the Budget Law Without going into the merits of the various measures, the new Budget Law rests its foundations on measures now known such as the merging of the first two Irpef rates, the cut to the tax wedge, the renewal of Public Administration contracts, and allocation of funds for the Health Service with the aim of reducing waiting lists.
No real revolution is expected in the social security field, a chapter that will end with the extension of quota 103 and the social Ape.
A bill linked to the maneuver should then arrive at a later date.
How will deductions change in 2024? The maneuver, as often said, also to support the bills connected with measures aimed at families, to support working mothers and to support those with three or more children, requires coverage that the Government is struggling to find.
In addition to the use of unused funds for the single allowance, in fact, it could be the highest incomes that finance part of the maneuver.
In fact, it is proposed that the 19% deductions that can be counted on to reduce the taxes to be paid could be revised with the introduction of a decalage mechanism.
read also Goodbye tax deductions to finance the Irpef reform: are we sure that we will earn more? In the fourth income bracket, that for incomes above 50,000 euros, in fact, the cut in the tax wedge is sterilized with a sort of exemption on tax deductions.
In fact, therefore, only medium-low incomes will benefit from the wedge cut.
But what is it? A linear cut in deductions for a total of 260 euros for those with a total income exceeding 50,000.
The 19% Irpef discounts that will be affected by the reduction, in any case, are: donations to non-profit organisations; liberal donations in favor of parties and the sector; deductions on premiums for disaster insurance.
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