The benefit was introduced into legislation last year when Parliament approved the fiscal policy for 2025. The deduction is allowed for the 2024 tax period. The amount of the deduction is calculated in the aggregate, based on the total number of children and for all types of education specified in Article 15 of the Education Code. Including nursery schools, kindergartens and all types of primary, secondary, vocational and higher education.
Also from this year, individuals have the right to deduct expenses for voluntary health insurance contributions or for the conclusion of a contract for the provision of medical services. For example, dental services. However, it is granted only to persons insured in the compulsory health insurance system.
A year earlier, the legislation introduced a provision on the right to a deduction for the purchase of insurance premiums on the basis of a life insurance contract. This year lawmakers added health insurance, as well as insurance against fire, floods and other natural disasters. In all these cases it is necessary to submit supporting documents, including a bank account statement.
Since last year, citizens are allowed to deduct the amount paid in the form of interest on mortgage loans, but only for the purchase of the first home when paying income tax. Except for contracts concluded under the state program “Prima casa”. And, if last year the supporting document could only serve as a mortgage agreement, then this year you can submit a loan agreement. In the case of housing in common ownership, the deduction is allowed to each recipient of a mortgage loan, in proportion to his share.
The right to all the above deductions is granted in the amount of the average monthly wage in the economy, approved by the government for the relevant year. This year it amounts to 16,100 lei.
