For families with two or more descendants and low income

Regulations: Art. 14 Text Consolidated legal provisions of the Community of Madrid regarding taxes ceded by the State, approved by Legislative Decree 1/2010, of October 21

Amount of deduction

10% of the amount resulting from reducing the full regional tax rate by the remaining regional deductions applicable in the Community of Madrid (except for the deduction "For investments by new taxpayers from abroad", which will be applied last) and the portion of state deductions that apply to said full regional tax rate.

This operation will be carried out by subtracting from the amount of the autonomous community's full quota, box [0546] of the declaration, the amounts entered in boxes [0548] , [0551] , [0553] , [0555] , [0557] , [0559] , [0561] and [0563] , as well as that in box [0564] , excluding from the latter the amounts corresponding to this deduction and the deduction "For investments of new taxpayers from abroad", as well as the amount associated with box [0566], corresponding to the new deduction applicable to family units formed by tax residents in Member States of the European Union or the European Economic Area.

Requirements for applying the deduction

• That taxpayer has two or more descendants who generate in his or her favor the right to apply the corresponding minimum for descendants established in the regulations governing Personal Income Tax .

• That the sum of the general and savings tax bases , sum of boxes [0435] and [0460] of the declaration, is not greater than 24,744 euros .

  To calculate the sum of the tax bases, the following will be added:

  1. Those of taxpayers who have the right, through their descendants, to apply the corresponding minimum whether they file individually or jointly.

  2. Those of the descendants themselves that give the right to the aforementioned minimum.