Italy's 2027 Budget: Bonuses for Lower-Income Families, Tax Changes Explained
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Italy has a new budget plan for 2027 to 2029. It is called the Manovra. This is the government's yearly money plan.
The plan has special bonus payments. A bonus is extra money from the government. People can get this money if their ISEE is under 35,000 euros. ISEE shows how much money a family has.
The plan will also change IRPEF. IRPEF is the tax on people's work income. Workers and partita IVA (self-employed) people may pay less tax.
Reports say the plan has more taxes in some areas. But it does not help savings very much. Savings means money people keep, not spend.
People want to know how much money they can save. The answer depends on how much they earn. Workers who earn from 28,000 to more than 50,000 euros will see different changes.
The government will share more details soon. Many families are waiting to learn who can get the bonus money.
Vocabulary6 words
- Manovra
- a big money plan made by the government every year
- bonus
- extra money given by the government to help people
- ISEE
- a number that shows how much money a family has
- IRPEF
- the tax that people pay on the money they earn
- partita IVA
- a way to say someone works for themselves, not for a company
- savings
- money that people keep instead of spending
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Quiz
Answer key
1. 35,000 euros 2. Tax on income from work 3. False
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Italy has a new _____ plan for 2027 to 2029.
The plan has special _____ payments.
People can get this money if their _____ is under 35,000 euros.
The plan will also change _____.
IRPEF is the tax on people's work _____.
Workers and _____ people may pay less tax.
Reports say the plan has more taxes in some areas, but does not help _____ very much.
Workers who earn from 28,000 to more than _____ euros will see different changes.
Many families are waiting to learn who can get the _____ money.
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