2025 Income Tax Campaign: Everything you need to know

At Puigverd Assessors they explain deadlines, tax updates, who is required to file a tax return, and the deductions you shouldn't miss.

What is the Income Tax Campaign and why does it matter?

The 2025 Income Tax Campaign is the annual period in which taxpayers must submit their Personal Income Tax (IRPF) return to the Tax Agency (AEAT), corresponding to the income and situations that occurred during the 2025 fiscal year. It is an obligation that, if not fulfilled on time, may entail surcharges and late payment interest.

The campaign began on April 8, 2026, and runs until June 30, 2026. Tax returns to be paid by direct debit: from April 8 to June 25, 2026.

Reminder of the obligation to file a tax return. Apart from the general and special rules (Rules 1 and 2), we remind you of the obligation to file a tax return for:

• Self-employed individuals registered at any time during the year, regardless of their income. (includes self-employed company owners with payroll).
• Beneficiaries of the Minimum Living Income (IMV) and the members of their cohabitation unit.
• Those who have obtained capital gains (sale of real estate, shares, etc.).

Main changes to the 2025 Personal Income Tax

This campaign incorporates relevant changes in regulations that may significantly affect your tax return.

• Artists and creators : a reduction is introduced on gross income from work or income from activities, derived from artistic activities obtained exceptionally (literary, artistic, scientific works and performing arts, audiovisual and musical), through a new additional provision in the Personal Income Tax Law.
• Tax deduction for employment income : A new deduction is introduced to offset the tax impact on taxpayers receiving the minimum interprofessional wage. (Total income less than €18,276 per year)
• Electric vehicles : the 15% deduction of the acquisition value of new electric vehicles (BEV, PHEV, EREV) purchased before December 31, 2025, is maintained and extended, with a maximum deductible base of €20,000.
• Electric vehicle charging points : you can also deduct 15% of the amounts invested in the installation of electric vehicle charging points on the taxpayer's property, with a maximum annual base of €4,000.
• Modules : For self-employed individuals under objective estimation, the same module limits are maintained: up to €250,000 of total income and €125,000 in transactions with businesses with an obligation to issue an invoice.
• Changes to the personal income tax (IRPF) savings tax brackets: The tax rate applicable to the highest bracket of the savings tax bracket is increased from 28% to 30%.
• Declarations to be reviewed for the 2021/2022/2023/2024 fiscal years: TEAC Resolution 2995/2025 cancellation of mortgage loan as part of the basis for the deduction for acquisition of main residence.

Most relevant tax deductions and benefits

Reviewing all applicable deductions before confirming the draft tax return is essential. Some of the most common are:

• Deduction for maternity and birth or adoption of children.
• Deduction for large families or dependent persons with disabilities.
• Contributions to pension plans (reduce the general taxable base).
• Energy efficiency improvement works in the main residence.
• Deduction for the purchase of an electric vehicle (15%, max. base €20,000).
• Installation of electric charging points (15%, max. annual base €4,000).
• Regional tax deductions specific to each autonomous community.

Common mistakes you should avoid

• Confirm the draft without reviewing it: the draft may be incomplete or contain errors.
• Forgetting income from second jobs or returns on real estate capital.
• Not applying regional tax deductions to which you are entitled.
• Submitting after the deadline: carries surcharges of 1% to 15% depending on the delay, in addition to possible penalties.
• Making a mistake in the individual/joint modality without having done the prior calculations.

Do you need help with your tax return?

Puigverd Assessors has been assisting individuals, the self-employed, and companies with their tax management for years. Their team of tax advisors can help you:

• Review and optimize your 2025 tax return.
• Identify all deductions applicable to your situation.
• Compare the individual and joint options.
• Managing declarations with complex situations (inheritances, sale of real estate, stock options, virtual currencies, etc.).
• Correct declarations already submitted with errors.

Don't leave the declaration until the last minute.