Car Insurance

Accident insurance deduction

Accident insurance deduction

Among the many many issues that the Italian tax authorities enable deduct within the tax return, there may be accident coverage; it’s subsequently potential to recuperate a part of the annual premium paid to the corporate as a tax saving.
Nonetheless, there are some guidelines dictated by the legislative decree n. 18 of February 2000 then modified with D.Lgs. 168 of 12 April 2001:

  • The coverage should be taken out after January 1st, 2021
  • It’s potential to deduct solely a part of the premium regarding demise and everlasting incapacity
  • Solely the part of incapacity exceeding 5% may be deducted

Taking these three small guidelines into consideration, it’s potential to deduct the premium of an accident coverage by bringing the cost receipts or one assertion offered by your insurance coverage company with an indication of the deductible as a part of the premium. Subsequently, bear in mind this risk at the time of the declaration when you even have accident insurance coverage coverage for a dependent member of the family.

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