Love is in the air in full celebration of Valentine’s Day. But regardless of being celebrated on February 14, among the people who have a partner and are thinking of formalizing their relationship, the same question arises: What has more tax advantages? Marry or live as a de facto couple?
It seems that getting married is fashionable, and, according to INE data, 2023 closed with a historical wedding record, with 179,107 marriages, and compared to de facto couples increased by 27.7% the number of which They formalized their union before a notary in the same year. With these figures it seems that formalizing relationships is booming, and choosing the ideal person to share life is not the only important decision to make sense. You also have to think about What will be more beneficial at a fiscal level.
Marriage wins the couples of fact at the fiscal level by win, As explained by Taxdown, and as one of his fiscal experts, Marta Rayaces, “the fiscal differences between marriage and de facto couple can make the difference in saving a family. It is important that couples analyze which regime benefits them more depending on their economic and personal situation. ”
Prosecutors of marriages in IRPF
One of the first points to analyze before making the decision about what kind of union to choose, is How will it affect the income statement. These are the tax advantages of opting for marriage when taxing in the income tax of natural persons (IRPF), according to experts:
- Possibility of making a joint statement: In fact couples will not have this right. This alternative is interesting in the event that only one of the spouses has income or when any of them have low income. Joint tax reduction can reach 3,400 euros.
- Deduction for contribution to the pension plan: If one of the spouses brings money to the other’s pension plan, in addition to the annual reduction due to contributions to the plan itself, they may apply a reduction for contributing to their partner’s plan, which will have a maximum of 1,000 euros a year.
- Disability deduction: In married couples, if one of the spouses has a disability greater than 33%, it will be entitled to an annual deduction in the IRPF of 1,200 euros, something not applicable to de facto couples.
- Deduction for habitual housing: In the event that one of the two spouses leaves the usual housing, but continues to pay the mortgage, the deduction for habitual housing can continue to apply if the children of the marriage continue to live there, something that is not possible in the couples in fact.
Other tax advantages of opting for marriage
Deductions in the income statement are not the only tax advantages that married people can opt, they will also have other advantages:
- Widow’s pension: The access requirements to the widowhood pension change depending on whether they are married or registered as a de facto couple. In the second case, the existence of a stable, notorious and uninterrupted coexistence during the five years prior to the death of their partner, something that is not requested in the case of marriages.
- SUCCESSION TAX: The widower can enjoy various tax deductions that affect in the case of receiving an inheritance when married, something that cannot be enjoyed in the case of de facto couples. In this case, it will be necessary to take into account that being an autonomous tax, this can vary according to the autonomous community in which it is resided.
Although marriage has greater fiscal advantages for the couple members, it will be taken into account that in the event that there are children in common “tax advantages proportionally, regardless of whether they are married or form a de facto couple “According to experts.