The campaign for this year's Income Tax return is shorter and with changes that will affect a large part of taxpayers. It will start on Wednesday, April 8 after Easter and will conclude on June 30, according to information from TaxDown. A key date for those who have to direct debit payments will be June 25, the last day to submit declarations with a payment due.
A few days before the start of the campaign, the Studies Cabinet of the Spanish Association of Tax Advisors (AEDAF) has detailed in a guide the main novelties for the 2025 fiscal year. TaxDown, which has also provided us with its own data and analysis, confirms most of these novelties and provides its practical vision for taxpayers.
Among the highlighted novelties:
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The application itself will automatically detect information about ascendants and descendants (dependent parents, children, grandchildren, etc.) to indicate whether deductions apply.
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The program will calculate the minimum yield from rentals to family members, a task that until now depended on the taxpayer.
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For self-employed individuals, new boxes are incorporated to reflect regularization of contributions in direct estimation, the breakdown for declarations in agricultural sector modules and other activities is expanded, and new boxes are included to reduce the refund of subsidies.
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Two new boxes are added to declare capital gains from prizes (advertising or not) and a specific section for exchange-traded funds (ETFs) and SICAVs, with automatic transfer of the corresponding data.
Savings, Minimum Wage and new minimums
The tax consulting firm TaxDown -who reminds that the taxpayer can save up to 380 euros in deductions- highlights that the Tax Agency has increased from 28% to 30% the rate for savings income exceeding 300,000 euros, affecting dividends, interest, and capital gains of large investors. The lower brackets remain unchanged:
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19% up to 6,000 euros
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21% up to 50,000 euros
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23% up to 200,000 euros
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27% up to 300,000 euros
In the event that you earn the Minimum Wage, this news particularly interests you. In this regard, TaxDown and the AEDAF confirm a new deduction of up to 340 euros in the IRPF, designed to compensate for the rise in the Interprofessional Minimum Wage, set at 16,576 euros annually.
How exactly does it work?
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If your work income in 2025 was equal to or less than €16,576 (the SMI): you can deduct a full 340 euros.
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If you earned between €16,576 and €18,276: the deduction is reduced proportionally according to your income.
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If you exceeded €18,276: you no longer have the right to this deduction.
Additionally, taxpayers who receive income from a single payer will not be obliged to declare if they earn up to 22,000 euros. For those who have more than one payer, the limit drops to 15,876 euros, provided that the sum of additional income does not exceed 1,500 euros.
Unemployed and aid for catastrophes
Are you unemployed? If so, here an important change occurs that directly benefits you. Until now, unemployed people who received unemployment benefits were obliged to file the tax return practically automatically, even if their income was low.
Thanks to the latest Omnibus Royal Decree, the unemployed are no longer obliged to file the declaration if they do not exceed the general economic limits:
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A single payer: up to €22,000
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Two or more payers: up to €15,876 (if the sum of the second and remaining payers does not exceed €1,500)
Furthermore, public aid for catastrophes, such as those derived from DANA or fires, are also exempt from taxation, including aid for the repair of affected homes, belongings, and and vehicles.
“Green” incentives and regional deductions
Tax incentives for investment in sustainability, such as electric vehicles or energy efficiency reforms, are maintained. TaxDown also highlights that these measures remain in force and that deductions are added for annuitants with lower incomes, reinforcing the compensation for the rise in the SMI.
At autonomous community level, new deductions are born:
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Asturias: up to 100 euros for celiac people.
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Andalusia: deductions for celiac disease, veterinary expenses, and promotion of sport.
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Catalonia: rental of habitual residence, increases from 300 to 500 euros individually and up to 1,000 euros jointly.
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Galicia and Extremadura: expenses related to ELA and thalidomide.
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Murcia: up to 7 new deductions, including electric vehicles, physical activity, and glasses or contact lenses.
In addition, the regional rates in Asturias, Canary Islands and Catalonia are modified, so taxpayers in these communities must be especially attentive.
Review and final tips
For Enrique García, CEO of TaxDown, "the 2025 tax return that we will file this 2026 entails substantial changes for taxpayers. Although -García reminds-, the Tax Agency has four years to detect errors, so reviewing the draft and confirming all deductions is key".
With a shorter calendar and adjustments in deductions, exemptions and tax rates, this Income Tax campaign promises to be the most strategic of recent years, both for workers, investors and beneficiaries of public aid. The data and recommendations from TaxDown, along with the AEDAF guide, will be key to not losing any deduction or tax benefit.