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Practical Income Manual 2023.

Community of Madrid

Taxpayers who in 2023 have had their habitual residence in the territory of the Community of Madrid may 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 care of ancestors
  6. For rental of main residence
  7. For expenses derived from the rental of homes
  8. For donations to foundations and sports clubs
  9. Due to the increase in the costs of external financing for investment in primary residences derived from the increase in interest rates (not applicable 2023)
  10. For educational expenses
  11. For caring for 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 Bachelor's, Master's and Doctorate studies
  14. For acquisition of habitual residence due to birth or adoption of children
  15. By 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