28 billion maneuver, tax wedge and 3 Irpef rates. For pensions we return to 103 with penalties. Here are all the details


By John

Extension of the tax wedge cut for 2024 and Irpef which goes from 4 to 3 rates: they are the most important measures of the Budget Law, approved on 22 December in the Senate, and which arrives in the Chamber to receive the final green light on 29 December. Alone, these two measures absorb half of the 28 billion euros allocated by the budget. The text that obtained the approval of the Senate consists of 109 articles and is armored. The majority in the Chamber will essentially only be able to approve it. In the law it comes tax wedge cut confirmed, already in force since July (6 points less for incomes up to 35 thousand euros and 7 for those up to 25 thousand). But the reduction will not be applied to thirteenth grades and is financed only for 2024. Then there isit is the new Irpef, which goes from four to three rates, with the merging of the first two brackets (the 23% rate will be applied to incomes up to 28 thousand euros): the combined effect of the wedge and Irpef, according to the Treasury, will increase paychecks of employees up to 1,298 euros per year. On the pension front we return to Quota 103, but with penalties: 62 years of age and 41 years of contributions remain, but the allowance will be recalculated using the contributory method and with a maximum monthly ceiling of approximately 2,250 euros. According to estimates, it will allow early retirement for 17 thousand people in 2024. During the work in the Senate, the correction also arrived on the disputed cut to the pensions of healthcare personnel, local authorities, judicial offices and teachers. The rights acquired as of 31 December 2023 will be preserved and old-age pensions will not be affected. No extensions on the Superbonus, but the coupon on short-term rentals rises (at 26%, excluding the first rental property) and large families will enjoy priority for access to the First Home Mortgage Fund. The funds allocated (11.6 billion by 2032) for the Strait Bridge are also being remodelled, with a reduction in the costs borne by the State by 2.3 billion, recovered from the Development and Cohesion Fund. 40 million are allocated to measures against violence against women, but VAT on diapers rises from 5% to 10%, as well as on powdered milk and female sanitary padsthe. Here comes the maxi deduction for permanent hires, which rises further for mothers or unemployed women, young people and former beneficiaries of Citizenship Income, up to 130%. For companies, a 50% discount on taxes arrives for those who return to produce in Italy, while the entry into force of the plastic and sugar tax is postponed to July 2024. The obligation to insure against catastrophes arrives. Resources also for contract renewals: 8 billion in two years for the renewal of PA contracts, and another 100 million to cover the union agreement on security force contracts. The refinancing of the national health system is expected (240 million for 2025 and 340 from 2026) and an increase in resources for the 2022-2024 contracts. There is also an increase in the voucher for nursery school fees and the Fund to help those over 65 with low ISEE to cover veterinary expenses. To address the shortage of staff in NHS companies and bodies and reduce waiting lists, the option to resort to increases in the hourly rates of additional services of medical staff is extended until 31 December 2026. The tax credit for cinema is changing, it will be a maximum of 40%, but there is the possibility of reducing it or even excluding access to the credit. The Rai license fee on the bill is reduced, going from 90 to 70 euros. On the education front, the resources for the provision of scholarships for students are increased, with an additional 36 million. Green light also given to the Italian Erasmus Fund, with a total investment of 10 million.