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Remplir sa income tax return can often seem like a puzzle with its multiple forms and checkboxes. However, some boxes can have a significant impact on your finances.
Don’t panic if you realize an error after closing the declaration! You have until December 4, 2024 to correct your statement. You can get started on July 31.
This default option in your income tax return
In 2019, when it first appeared, the 2OP box caused confusion among 8 million tax households. For what ? Because by default, it was empty in the income tax declaration, reminds the site MoneyVox. And as the saying goes, “ A euro saved is a euro earned. »
For some, this empty box only cost 7 euros or less, but for others, it created a loss of more than 50 euros. Suffice to say that this little box has caused a lot of ink (and sweat) to flow!
To have
Income tax: watch out for the pitfalls in this box, be vigilant
Fortunately, the tax authorities have since adjusted their approach. Now it alerts you if you do bad choice at the end of your income tax return. But let’s get back to the basics: why is the 2OP box so important?
Box 2OP mainly concerns income from assets such as interest, dividends or capital gains. It allows you to opt for the single flat-rate deduction (PFU) of 12.80%.
But beware ! Non-taxable households or those with low taxes have every interest in checking this box. For what ? Because it opens the doors to you taxation on a progressive scale.
Income tax: pay attention to these boxes
If you live alone, with one or more dependent children, the “Single Parent” box appears at the beginning of your income tax return. If you live alone with children in 2023, check box T.
You will get a additional half share, which will reduce your income tax. Even in the case of alternating residence, single parents can check this box. You will share the advantage.
To have
Income tax: the French who will not pay any this year, this figure lets you know
If you have been single parent for at least 5 years in the past and you still live alone, check box L.
If your children were under 6 years old on January 1, 2023, you are entitled to a 50% tax credit on all these costs. Don’t forget it when correcting your income tax return! Refer to lines 7GA-7GB-7GC depending on the child concerned.
Finally, for the dependent children in schoolindicate the number of children concerned in 2022 in boxes 7EA (middle school), 7EC (high school) and 7EF (higher education).
Other benefits not to forget
The pre-filled declaration is practical, but it does not cover all types of income. For example, revenues from platforms like Airbnb are not there, reminds us MoneyVox. So, grab your tax magnifying glass and check those forgotten corners. If you have additional income, declare it carefully.
The list is very long, but here is other tax advantages that you should not miss in your income tax return:
– Holiday vouchers ;
– Tickets resto ;
– Gifts from the employer;
– Donations to charities, political parties or unions;
– “Foreign” account;
– Student job (for your children or yourself);
– Regular payment of money from parents;
– Etc.
So if, by mistake, you have neglected to claim a tax benefit, here is the good news. Modify your income tax return accordingly does not penalize you in any way. So, take out your tax pen and add this valuable information starting this July 31. Only forgetting resources penalizes you.
Source : MoneyVox
