# Italy's 2027 budget cuts income tax for middle earners, helps over-75s

- By: Bull Run Post Newsroom
- 2026-11-02T11:39:07.000Z
- Produced with artificial intelligence under human editorial supervision.

## Excerpt

Giorgia Meloni's government puts the saving at up to about 500 euros a year, makes a car-tax exemption permanent and offers a 300-euro voucher to over-75s. Parliament still has to vote. Italy's Council of Ministers approved the draft 2027-2029 budget on 28 October 2026, which the government values at about 26 billion euros for 2027. The 33% income-tax rate will apply up to 55,000 euros of income, up from 50,000, and the maximum gain is about 500 euros a year, according to Meloni. Parliament must pass the text before 31 December 2026, so the measures can still change.

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