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Statement 730, look at your bank statement: what you need to know

Also in 2021 it will be necessary to submit the tax return and attention will have to be paid to some news. In particular, we invite you to keep an eye on your bank statement. So let’s go into the details and see why.

Source: Pixabay

The last year has been characterized by a real fight against cash. Starting from the cashback program, up to the receipt lottery, in fact, there are many initiatives implemented by the previous executive in order to encourage the use of electronic tools such as credit or debit cards. Among these we can also include the decision to make only the expenses paid through deductible traceable tools, with some exceptions.

This very novelty has prompted many to change the terms of payment, in view of the next one declaration 730. Like every year, on the other hand, also in 2021 it will be necessary to present the 730 model, which will bring with it some innovations. In particular, you must pay particular attention to your own account balance. But for what reason? Let’s go into the details and find out together.

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Statement 730, pay attention to the statement: how to access the deductions

Model 730 (Photo source: web)

As already mentioned, also in 2021 it will be necessary to submit the tax return, in order to be able to calculate the taxes to be paid and access the possible deductions. Precisely with regard to the latter, it is good to remember that starting from 2020 you have to pay through electronic payment instruments, in order to obtain the relative deductions. In the event that it is a question of deductible expenses, but the payment was made in cash, however, the deduction is considered definitively lost. The only exception concerns the purchase of medicines, medical devices, or access to health services at public or private facilities accredited to the NHS.

In this case, in fact, it is also possible to deduct payments made in cash. In addition to paying through electronic payment tools, however, it is necessary to keep the relative paper documentation, in the event that the tax authorities decide to carry out specific checks. These include the ATM receipts, but also copies of the bulletins and obviously theaccount balance. The latter, in fact, turns out to be a fundamental document in order to certify the correct execution of the payment, in order to access the related deductions.

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