Since April 11, 2024, the online declaration of 2023 income has started, with all the questions that accompany it. You should know that not everything has to be declared, and that certain income, such as social benefits, bonuses, savings or sales of second-hand goods, do not have to appear in the declaration.
2024 taxes: what 2023 income do you not need to declare? / iStock.com – HJBC
Social assistance, bonuses, savings
Certain income escapes the long list of resources to be declared each year to the tax administration. Social assistance, which is one of these exceptions, benefits from a total exemption. Family benefits therefore do not have to be declared, whether they are family allowances, childcare benefits, family supplements, back-to-school allowances or various housing aids ( Housing allowance, APL or Family housing allowance). Profit sharing paid by a company to an employee may also be exempt from income tax, if it was paid within 15 days after receipt into the employee savings plan offered by the company (PEE, Perco, Pereco). The same goes for profit-sharing bonuses, up to a certain amount (75% of the Social Security ceiling). The Christmas bonus paid to beneficiaries of minimum social benefits does not have to be declared either. Concerning savings, the interest generated by the savings accounts in 2023 (livret A, LDDS, popular savings account, Young Book) also benefits from a total exemption, as does that of the CEL (housing savings accounts) subscribed before 2028 , or the PEL (home savings plans) opened between 2011 and 2017. As for withdrawals from life insurance taken out for at least 8 years, the money recovered will be exempt up to €4,600 for a single person and €9,200 € in the event of marriage or civil partnership.
Salaries, severance pay and miscellaneous earnings
Certain categories of employees can also benefit from tax advantages. Thus, apprentices must only declare the part of the salary which exceeds €20,815, i.e. an annual minimum wage. The income from student jobs of young people aged under 26 on January 1, 2023 is subject to a reduction of €5,204 (i.e. three times the amount of the monthly minimum wage). As for internship allowances, they are net of taxes. In the context of dismissal, retirement or conventional termination, the employee benefits from a total or partial exemption depending on the amount received, from their termination compensation. On the other hand, these are completely exempt if the employee has had to leave his position as part of a social plan, or when the usual procedure for dismissal has not been respected. Sales of second-hand items on online platforms (such as Leboncoin or Vinted) do not have to be declared, provided that the revenue generated in one year does not exceed €3,000, or that the number of transactions carried out on the same platform is not more than 20. Winnings from gambling games (lotto, scratch cards, sports betting sites, etc.) are also exempt from income tax. On the other hand, the profits linked to the investment of the sums won may be taxed, except for professional players for whom this practice is the main Source of income. Gifts from an employer do not have to be declared if they are not directly linked to professional activity and provided that the amount does not exceed €183.
