Spain allows vehicle expense deductions on 2024 income tax

Taxpayers can deduct certain vehicle expenses on their 2024 income tax returns, depending on their employment status and vehicle usage. Self-employed individuals can deduct up to 100% of vehicle expenses if the car is used solely for work, while those using it for both work and personal use can deduct up to 50%. Employees can deduct up to 15% of the cost of electric or hybrid vehicles. Other deductions are available for individuals with disabilities, large families, and companies with company cars, with specific conditions and documentation requirements for each scenario.