Tax Updates for 2026: How to use them to your advantage

This year’s tax filing season is entering its final stretch. With the deadline falling this July, thousands of taxpayers are rushing to confirm their draft returns through the AEAT website. However, what seems like a quick “one-click” process can turn into a costly financial mistake.

The tax return prepared by the IRS does not always include all the deductions to which you are entitled.

The government’s most common “oversights”

The IRS has your income data, but it rarely knows the details of your personal situation or the expenses you can deduct. Here are some real-life examples of what taxpayers often overlook:

  • The “Maze” of Renting: Many tenants miss out on the primary residence tax deduction because they are unaware of the limits on the taxable base. Similarly, landlords often forget to claim deductions for insurance, repairs, or homeowners’ association fees, which reduce the amount of tax owed.
  • Changes in Family Status: A divorce, the birth of a child, or caring for someone over the age of 65 can drastically change the outcome, but this information is not always updated automatically.
  • Professional Expenses: Dues paid to mandatory unions or professional associations are deductible and almost never appear automatically on the draft return.

What’s new this year

Tax regulations have introduced key changes that could significantly benefit you:

  • New filing thresholds: The threshold for those with two or more employers has risen to €15,876. It is essential to determine whether filing is in your best interest, even if you are not required to do so.
  • Energy Efficiency Tax Deductions: If you’ve made home improvements to save on electricity or gas, you can deduct up to 60% of the cost.
  • Extended maternity leave: Now, even if you are not actively working but are receiving unemployment benefits, you are eligible for the €1,200 annual maternity tax deduction.

The most expensive “click”

Submitting your tax return without a professional review could result in paying more taxes than necessary. The IRS can review your return up to four years later and issue a tax assessment with late-payment interest if the information is incomplete.

At Despacho Carrión, we turn filing your tax return from a source of worry into a convenient, secure, and streamlined process:

Complete Review

We don’t just fill out the form; we carefully review the regulations to ensure we apply every available tax benefit.

Remote Management

We offer a fully digital service. You send us your documents securely, and we handle the entire filing process.

Meeting Deadlines

We’ll help you meet the July deadline without any stress, ensuring that your submission is accurate and on time.

Don’t finalize your draft without first making sure it’s the best possible deal for you.

Contact us today and make sure you don’t pay a single euro more than you have to.

Give us a call, you’ll be glad you did


www.despachocarrion.com

info@despachocarrion.com

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