3. Maximum limit and excess contributions

A. Maximum contribution limit

The annual contributions may not exceed the amount of 24,250 euros annually s, including the contributions made by the promoters as work income.

Contributions will not be accepted once the working life as a professional athlete ends or the status of a high-level athlete is lost under the terms and conditions established by regulation.

B. Excesses pending reduction of contributions made in previous years

Contributions that could not have been subject to a reduction in the tax base due to its insufficiency or due to the application of the legally established maximum limits of tax reduction, may be reduced in the current year, provided that the taxpayer has requested in the declaration corresponding to fiscal years 2015 to 2019 to be able to reduce the excess in the following five fiscal years.

The reduction of the excess, which will be carried out subject to the maximum limits discussed below, will be carried out with priority to that corresponding to the contributions made in the year.

C. Maximum limit of reduction of the tax base

Contributions, direct or imputed, as well as, where applicable, excesses from the years 2015 to 2019 pending reduction, may be subject to reduction exclusively in the general part of the tax base . The lower of the following amounts will be applied as the maximum limit:

1. Sum of the net income from work and economic activities received individually by the taxpayer in the year.
2. 24,250 euros annually.

D. Excess contributions corresponding to the year

Contributions made in 2020 that have not been subject to a reduction in the tax base due to its insufficiency or due to application of the limit discussed in letter a) above may be reduced in the following five years.

In this case, the taxpayer must complete, within section I of the declaration, boxes [0488] and [0489], in the last of which the amount of contributions and contributions made in 2020 will be recorded.

Note: the amounts corresponding to the excesses pending reduction of contributions made in the years 2015 to 2019 pending application at the beginning of the year, those applied in the declaration and the remainder pending application in future years as well as the excess contributions corresponding to the year 2020 not applied, the amount of which it is requested to be able to reduce in the following 5 years, must be recorded in Annex C.2 of the declaration in the section "Unreduced excess of contributions to the social security mutuality of professional athletes pending compensation in the following exercises".