Furniture, the 5 things to know to make the most of the 2023 bonus

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From deductible purchases to documents to be kept, the Revenue Agency has updated the indications for the furniture and appliances bonus to be recognized. Here are five things to know to make the most of the incentive.

What it is: the deduction

You can take advantage of the Irpef deduction of 50% for the purchase of furniture and large appliances intended to furnish a property subject to interventions for the recovery of the building heritage. Regardless of the amount of expenses incurred for the renovation of the building heritage, the 50% deduction must be calculated on a maximum amount of 10,000 euros for 2022, 8,000 euros for 2023 and 5,000 euros for 2024 (the limit was to 16,000 euros for purchases made in 2021) referring, overall, to the expenses incurred for the purchase of furniture and large appliances. The deduction must be divided among those entitled in ten equal annual installments.

How to get the bonus

The deduction is obtained by indicating the expenses incurred in the tax return (model 730 or Income model for natural persons) and is solely due to the taxpayer who benefits from the deduction for the costs of the recovery of the building heritage. For example, if the expenses to renovate the property were borne only by one of the spouses and those for the furnishings by the other, the bonus for the purchase of furniture and appliances is not due to either of them. You are entitled to the furniture and appliances bonus even when the taxpayer has chosen, as an alternative to the direct use of the deductions for the recovery of the building heritage, to transfer the credit or to exercise the option for the discount on the invoice.

For which purchases it is recognized

The deduction is for the purchase of new furniture. These are beds, wardrobes, chests of drawers, bookcases, desks, tables, chairs, bedside tables, sofas, armchairs, sideboards, mattresses, lighting fixtures. The purchase of doors, flooring (for example, parquet), curtains and drapes, other furnishing accessories is excluded. The deduction is also for the purchase of new appliances energy class no lower than class A for ovens, class E for washing machines, washer dryers and dishwashers, class F for refrigerators and freezers, as shown on the energy label. In any case, the purchase is facilitated for household appliances without a label, provided that the obligation has not yet been established for them. These include large household appliances, for example: refrigerators, freezers, washing machines, washer dryers and dryers, dishwashers, cooking appliances, electric stoves, microwave ovens, electric hotplates, electric heating appliances, electric radiators, electric fans, conditioning. Replacing the boiler is part of the “extraordinary maintenance” interventions: there must be energy savings compared to the pre-existing situation.

The payments

To have the deduction on purchases of furniture and large appliances, payments must be made by bank transfer or debit or credit card. It is not possible to pay with checks, cash or other means of payment. If payment is made by bank transfer, it is not necessary to use the one (subject to withholding tax) specially prepared by banks and post offices for building renovation costs. The deduction is allowed even if the assets are purchased with a loan in installments, provided that the company that issues the loan pays the amount in the same way as indicated above and the taxpayer has a copy of the payment receipt. In this case, the year in which the expense is incurred will be that in which the payment is made by the finance company. The same methods must be observed for the payment of the transport and assembly costs of the goods.