There are also deductions that are capped by amounts, which have not been updated by inflation for more than 11 years, as is the case of tuition fees, when accumulated inflation in that time is greater than 60%, according to information of the Inegi.
Will I have less money in my credit balance?
In addition to the fact that taxpayers’ 2022 deductible expenses will be lower due to inflation than those of 2021, it is also possible that people will see less money or a null payment for favorable balances due to the deduction of real interest for mortgage loans.
“Inflation in 2022 was 7.81%, within personal deductions are real mortgage loans, if the interest you paid is less than inflation, you probably will not have a deduction, probably most deductions for mortgage loans they are going to come out at zero, as happened in 2017, when inflation was also high,” explained Carlos Figueroa Moncada, president of the Commission of Trustees of the Mexican Institute of Public Accountants (IMCP).
2021 was also a year in which few deductible interests were registered, due to inflation, “a natural person can deduct interest for a mortgage loan, unfortunately the rise in prices had a great impact on the tax issue, and consequently of deductibility”, added Martínez Molina.