Manoeuvre 2025: furniture bonus extended until 2025, but restrictions on home bonuses

Extension of the furniture bonus for the purchase of furnishings and large household appliances. The mosaic of new benefits for the home is being put together day by day; while the Budget Bill is advancing towards submission to Parliament, new elements continue to emerge on the revision of tax discounts for homes. After the extension for the renovation bonus, which will only be there for first homes, yesterday it was the turn of the deduction for furniture. A positive piece of news - that of the postponement - that acts as a counterbalance to a novelty that travels in the opposite direction: the home bonus, in fact, will undergo a tightening overall and will fall under the new ceiling for deductible expenses, modulated on income and the number of children, based on the principles of the family quotient.

Starting with the furniture bonus, this 50% discount, which currently has an expenditure ceiling of €5,000 (reduced over the years, in 2022 it was €10,000 and in 2023 €8,000), will also be confirmed, as explained by Deputy Economy Minister Maurizio Leo. An extension of the deadline welcomed by the president of FederlegnoArredo, Claudio Feltrin: "The extension to 2025 of the furniture bonus, together with the increase to 50% of the renovation bonus for first homes, is excellent news for the wood-furniture supply chain".

The extension of the furniture bonus will be linear; that is, the structure of the rebate will not be changed with respect to the current structure, as is about to happen to the renovation bonus. This is an important novelty, because until now the two rebates had travelled at the same rate. This, in essence, means that on the renovation of second homes there will be a dual track: the 36% discount on work and the 50% on the purchase of furniture and appliances.

Further complicating the picture is the fact that home bonuses will also be included in the new ceiling for deductible expenses. Thus, the potential bonus rates may not be fully usable when the facts are proven. From 2025 the ceiling for deductible expenses will be influenced by the number of children and the income level, according to a family quotient logic (see also article above). This, however, will not have a retroactive effect. The deduction ceilings, therefore, will not include instalments of expenses made in the past. A vital element for those who, for example, have done superbonus work: they will not see the ceiling drained by those expenses.

Among these many novelties, it must be said that there are still about two and a half months left to use the home bonus framework still in force, which provides, among other things, the 50 per cent also for work on second homes, as well as expiring discounts such as the sismabonus or the ecobonus (including that on condensing boilers). The cash principle applies to all these deductions: outside of the technical definitions, transfers made by the end of the year are valid. One must, in short, hurry up and pay; the time when the work is carried out is irrelevant. Even if, in dealings with one's suppliers, paying for a service before it is realised entails more than one risk in view of future disputes.