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Practical manual for Income Tax 2023.

Community of Madrid

Taxpayers who in 2023 had their habitual residence in the territory of the Community of Madrid will be able to apply the following regional deductions:

  1. By birth or adoption of children
  2. For international adoption of children
  3. For foster care of minors
  4. For unpaid care of people over 65 years of age and/or with disabilities
  5. For the care of ancestors
  6. For rental of main residence
  7. For expenses derived from the rental of housing
  8. For donations to foundations and sports clubs
  9. Due to the increase in the costs of external financing for investment in primary residences resulting from the rise in interest rates (not applicable in 2023)
  10. For educational expenses
  11. For the care of children under 3 years of age, dependent elderly people and people with disabilities
  12. For the payment of interest on loans for the purchase of housing by young people under thirty years of age
  13. For the payment of interest on loans for undergraduate, master's and doctoral studies
  14. For the acquisition of a habitual residence due to the birth or adoption of children
  15. For obtaining the status of large family of general or special category
  16. For families with two or more descendants and low income
  17. By investment in the acquisition of shares and social participations of new or recently created entities
  18. To promote self-employment of young people under 35 years of age
  19. For investments made in entities listed on the alternative stock market