The next budget law could change the withholdings on salaries and pensions. To understand if there will be more money left in the account, however, you need to start from the income on which taxes are paid, which for an employee is different from the gross salary indicated in the contract. And read the thresholds of political announcements carefully, because a cut in personal income tax “up to 60 thousand euros” does not mean savings for all those who earn less than that amount.
How much would it change, then, compared to the taxes paid today? The simulations start from 20 thousand euros of annual taxable income and compare the current tax with that assumed for 2027, indicating the annual savings and its monthly equivalent.
How much would you save for different incomes?
Currently, the Irpef provides 23% up to 28 thousand euros, 33% from 28 thousand up to 50 thousand euros, 43% on the share that exceeds 50 thousand euros. The second rate has already dropped from 35% to 33% with the previous budget law.
The hypothesis for 2027 on which the Mef is working would maintain 33% also on the next 10,000 euros. On that range the levy would drop by 10 percentage points, from 43% to 33%.
Let’s do the math. The table compares the gross Irpef, before deductions, calculated with the current rates and with the hypothetical expansion of the bracket. It does not represent the total deductions from salary or pension.
| Annual taxable income | Current gross income tax | Hypothesis 2027 | Annual savings | Average 12 months |
| €20,000 | €4,600 | €4,600 | €0 | €0 |
| €28,000 | €6,440 | €6,440 | €0 | €0 |
| €35,000 | €8,750 | €8,750 | €0 | €0 |
| €40,000 | €10,400 | €10,400 | €0 | €0 |
| €50,000 | €13,700 | €13,700 | €0 | €0 |
| €52,000 | €14,560 | €14,360 | €200 | €16.67 |
| €55,000 | €15,850 | €15,350 | €500 | €41.67 |
| €60,000 | €18,000 | €17,000 | €1,000 | €83.33 |
| €70,000 | €22,300 | €21,300 | €1,000 | €83.33 |
Elaboration on the current rates and on the hypothesis of 33% up to 60 thousand euros. The other elements of the tax system are assumed unchanged. The monthly averages are arithmetic equivalences, not forecasts of individual payslips.
Anyone exceeding 60 thousand euros would retain the maximum theoretical benefit of one thousand euros, subject to any limits or corrections introduced by law. This would happen because even a taxpayer with 70,000 euros of taxable income has the amount between 50,000 and 60,000 euros on which the tax would decrease.
Because 33% doesn’t apply to all income
Irpef works in brackets, so exceeding a threshold means applying the next rate only to the excess part. Let’s take a taxable amount of 55,000 euros where the total gross tax is 15,850, but composed as follows:
- 6,440 euros on the first 28,000;
- 7,260 euros on the next band up to 50,000;
- 2,150 euros on the last 5,000.
With the hypothesized change, the tax on the last 5 thousand euros would drop from 2,150 to 1,650 euros. The savings would be 500 euros, obtained by multiplying 5,000 euros by the 10 reduction points. It would not be calculated by applying the discount to your entire income.
Which amount to check on your pay slip and pension
To compare with the table you need to look for the annual taxable income. The gross annual salary indicated in the contract does not normally coincide with this value, because the compulsory social security contributions payable by the employee are subtracted from the employee’s gross salary.
A Ral of 55,000 euros, therefore, is not enough to attribute the 500 euros of savings from the simulation. It is necessary to verify the taxable amount resulting from the payslips and, in the final balance, from the single certification.
For pensioners, the CU of the social security institution allows you to identify the fiscally relevant pension income. Those who receive multiple pensions or have other income must consider the overall picture of income subject to ordinary Irpef: looking only at one check can lead to identifying the wrong bracket.
Employees and pensioners, how much would the net change?
For the same taxable amount, the reduction in gross tax would be the same. However, deductions for employment and pensions follow different rules; therefore, knowing the rate is not enough to reconstruct the complete net. The respective ordinary deductions by type of income are set to zero at 50 thousand euros.
An employee with 55,000 euros of taxable income, without other income and with all other tax conditions being equal, would therefore have 500 euros of lower Irpef per year. They are approximately 38.46 euros on thirteen monthly payments, or 35.71 euros on fourteen.
A pensioner with 60,000 euros of annual taxable income, under the same simplified conditions, would save one thousand euros, equivalent to 76.92 euros for thirteen monthly payments.
The actual distribution in payslips would depend on the effective date of the rule and the timing of its application. Regional and municipal surtaxes, other deductions and adjustments would continue to impact the credit.
Who would be left out and when would the money arrive
This extension would not result in a new advantage for those with a taxable income of up to 50,000 euros. Many workers and pensioners already affected by the previous cut from 35% to 33% would therefore also be excluded. INPS has applied that reduction on pensions since March 2026, also recognizing the arrears of January and February.
The benefit would not directly concern income taxed with a substitute tax, such as that of the flat-rate business.
The sending of the budget planning document, communicated by the MEF on 15 October, is a step in the preparation of the maneuver, it does not make new rates operational. To know how much it will actually arrive, we will need the approved rule, its effective date and any corrective measures. If the extension did not become law, the additional savings shown in the simulations would be zero.
