Community of Madrid

Residents of the Community of Madrid will apply the following amounts as the taxpayer's minimum, for descendants, for ascendants and for autonomous disability:

Taxpayer tax-free threshold

• €5,777.55 per year in general.

• Plus €1,197.15 per year per taxpayer over 65 years of age.

• Additionally €1,457.40 per year per taxpayer over 75 years of age.

Allowance for descendants

• €2,498.40 per year for the first descendant who generates the right to apply the minimum for descendants.

• €2,810.70 per year for the second.

• €4,400 per year for the third.

• €4,950 per year for the fourth and subsequent years.

When a descendant is under three years of age , the amount corresponding to the minimum for descendants, of those indicated above, will be increased by €2,914.80 per year .

Tax-free threshold for ascendants

• €1,197.15 per year for each ascendant over 65 years of age or with a disability, regardless of age.

• Plus €1,457.40 per year for each ascendant over 75 years of age.

Minimum for disability of the taxpayer and of ascendants or descendants

• €3,123 per year for each taxpayer, ascendant or descendant, when the person has a degree of disability equal to or greater than 33% and less than 65%.

• €9,369 per year for each taxpayer, ascendant or descendant, when the person has a degree of disability equal to or greater than 65%.

• Plus €3,123 per year for assistance expenses for each taxpayer, ascendant or descendant who proves that they need help from third parties or have reduced mobility, or a degree of disability equal to or greater than 65%.