Rental Bonus 2023: a new economic aid for young people under 31

Among the numerous economic aids that the State is providing to counter inflation, a Rental Bonus is available. This is a rent contribution, paid on request to cover the first 4 years of a lease.

Who is it aimed at?

The bonus is aimed at those who live in rented accommodation, alone or with other tenants, who meet the following requirements:

  • aged between 20 and 31 years old;
  • total income not exceeding 15,493.71 euros;
  • a regular lease for a house or a room in which to have residence;
  • the person requesting the tax deduction must be the holder of the contract;
  • the property cannot coincide with a council house, a luxury home or accommodation for tourist use.

What does the under 31 rent contribution consist of?

The rent contribution consists of a discount on the amount of the IRPEF tax.
The Revenue Agency places the deduction threshold from a minimum of €991.60 up to a maximum of €2,000.00, calculated on 20% of the annual rent. Let’s take some examples.

For a rental contract of €350 per month (annual rent of €4,200), 20% of the annual rent is equal to €840, and as this figure is below the minimum threshold, €991.60 will be paid.

On the contrary, in the presence of a rent of €900 per month (annual rent of €10,800), the maximum deduction is equal to €2,000; this is because 20% of the annual fee, corresponding to €2,160, exceeds the maximum deductible amount.

How to apply for the 2023 youth rental bonus

The deduction on the IRPEF tax can be requested in the Income Statement by communicating to the Revenue Agency:

  • the rental contract
  • information relating to the type of property
  • annual income

In the event that the tax is not due, the contribution will be paid as a refund amount.