Last updated on 18 January 2022
What is the deductible limit for insurance and interest expenses?
Insurance premiums and interest expenses related to a personal loan are deductible up to a maximum of 672€ in total per year.
This ordinary cap is increased by that specific amount for the spouse/partner (provided they are taxed jointly) and each child who is part of the household.
Example:
A married couple with two children: 672 x 4 = €2,688
A couple with two children can deduct up to €2,688
This ordinary cap is increased by that specific amount for the spouse/partner (provided they are taxed jointly) and each child who is part of the household.
Example:
A married couple with two children: 672 x 4 = €2,688
A couple with two children can deduct up to €2,688