The 2021 Income Tax filing period starts today, Wednesday, April 6, and runs through Thursday, June 30, as noted on the Tax Agency's website(AEAT).

What’s new in the 2021 Income Tax campaign?

• Energy efficiency home renovations.

Taxpayers can deduct up to 60% of energy efficiency renovations on their homes:

• • 20% deduction for work to reduce heating and cooling demand.
  • 40% deduction for work to reduce consumption of non-renewable energy.
  • 60% deduction for energy rehabilitation work.

• Pension plans.

Personal pension plans, from this year, can only deduct up to €2,000 per year, compared to €8,000 in 2020.

• Cryptocurrencies.

One big change this year is the specific box for taxpayers to report their cryptocurrency movements. Taxpayers already had to declare any earnings from cryptocurrencies, but this was previously done in a generic section called “Other economic goods and rights”.

As published in the BOE in March, the value of each cryptocurrency the taxpayer held as of December 31, 2021 must be reported in box 46, section ‘Goods and rights’.

• New bracket for high earners.

A new tax bracket has been added for those earning over €300,000, with a 47% tax rate (two percent higher than the previous year).

• Tax on savings.

A new bracket has also been added for savings over €200,000, with a 26% tax rate (three percent higher than in 2020).

• Aid for Filomena or La Palma.

The exceptional aid awarded in the case of incapacity or death due to the storm ‘Filomena’ or the aid awarded in the case of personal or property damage due to the eruption of the volcano on the island of La Palma are tax-exempt.

Filing periods and deadlines

As the AEAT calendar shows, the personal income tax campaign runs through June 30 for those filing without direct debit of the first installment and 27 June for those with direct debit of tax due.

Ways to file 2021 taxes:

• Website or mobile app.

Starting today, April 6, all taxpayers can get their draft on the Renta website. To do so, you just have to sign in with an electronic certificate, PIN code or reference number. The draft can be changed, confirmed and, if correct, filed.

• By phone.

In April, taxes can only be filed online, but the phone filing service will be available starting in May. On May 3, taxpayers can start making appointments and on May 5, start filing this way.

• In person.

Finally, from May 26, taxpayers will be able to make an appointment by phone for an in-person appointment. Starting on June 1, 2021 personal income tax filings will be accepted at the AEAT offices.

Who has to file?

Any taxpayer who earned more than €22,000 on one contract or over €14,000 on multiple contracts with €1,500 or more from the second or following contracts. Also taxpayers affected by temporary redundancy plans (ERTE) who earned over €14,000 last year.

Everything you need to know to file your 2021 personal income taxes is available on the Tax Agency's website.