what are these 2 new ways to pay less tax?

by time news

2023-04-17 06:50:05

TAX DECLARATION. It’s time to fill out your tax return. In 2023, two new features allow you to make great savings, here they are.

[Mis à jour le 17 avril 2023 à 06h50] The opening of the online tax return service took place on last April 13. It is very likely that you have not yet lingered on yours, in particular because of the deadlines you benefit from. Good idea, because two novelties should particularly attract your attention, you still need to know them. Indeed, these two main new features could allow you to significant savings compared to last year. So, go to the impots.gouv.fr website and more particularly in your “private space”. All you have to do is let yourself be guided and return the declaration to the tax authorities. Here are these two tips to know and apply, if you are confronted with them, on your tax return 2023 :

  • The revaluation of the mileage scale : The revaluation of the mileage scale by 5.4% in 2023 represents a saving of “more than 100 euros for a single person who earns 2,900 euros” according to the Ministry of Economy and Finance to AFP. A significant gain in these times of galloping inflation, and when filling out your tax return, especially concerning your mileage costs related to your professional activity. In total, no less than two million taxpayers would be affected by this revaluation.
  • The increase in the tax credit for child care : In 2023, the ceiling for childcare at home is increased to 3500 euros, therefore a maximum of 1750 euros per child of tax credit (in the event of shared custody, this sum will be shared between the two declarants). Or 600 euros more than for the previous tax return.

To avoid taking any risks, take care to fill it in correctly and check each information pre-filled by the tax authorities. Some mistakes can cost you dearly. Here is the complete calendar, with the deadlines for completing your declaration and returning it to the tax authorities, department by department.

  • May 22, 2023: paper declaration (only if you don’t have an internet connection at home)
  • May 25, 2023 : departments n° 01 to 19
  • June 1, 2023: departments n° 20 to 54
  • June 8, 2023 : departments n° 55 to 974/976

The deadlines must not be exceeded under penalty of financial penalty.

For 10 years now, the tax authorities have been responsible for pre-filling your tax return using the information at their disposal such as the amount of your salary, your retirement pension or your unemployment benefits. Proof of its democratization, in 2021, more than 11 million taxpayers had benefited from it. But then, how do you know if you can benefit from this automatic tax return ? It is offered to tax households that were taxed last year solely on income pre-filled by the administration. If you made a online declaration in 2022, an email should be sent to you with the possibility of checking all your information from your private space. On the contrary, if you have declared your income in version papier last year, a letter will be sent to you with the new tax declaration and all the necessary documents presenting this new automatic declaration system.

Attention, despite the practical and extremely up-to-date nature of this service, we advise you to check all the information that the tax authorities have sent you. In the best case, everything is correct, you don’t have to do anything more, your tax return will be automatically validated, that’s the principle. However, it may happen that small typos slip into your declaration, or that certain information must be modified. We naturally think of a tax credit, the declaration of actual expenses or professional expenses such as mileage. If a change is required, you will need to complete and sign your tax return as usual. As a reminder, don’t wait any longer to complete your tax return if you plan to opt for the paper return!

You must declare your income to the tax department each year if you live in France. In 2023, online reporting is mandatory if your home is connected to the internet. Otherwise, you can use a form. You benefit from additional time if you file your declaration online. If your situation has not changed in 2022, you may be exempted from making this declaration, it will be made automatically by the taxes.

In 2023, you can declare your income on paper form if you are in one of the following situations:

  • Your main residence does not have internet access
  • It is equipped with internet access, but you are not able to make your declaration online

Before signing your declaration, you must check the information provided and, if necessary, correct and complete it. You must attach supporting documents to your paper declaration only if they are documents drawn up by you. We advise you to keep the supporting documents for 3 years in the event of a request from the administration.

To complete your tax return in paper format, the tax authorities provide you with the basic Form 2042 to declare your income online on the impots.gouv.fr website in PDF format. You will also find on the site all the additional forms for declaring certain additional income. This document will be available from April 6 until April 25, 2023.

From the age of 18, if you are not or no longer attached to your parents’ tax household, you must complete a tax return under certain conditions. You can declare your income on the impots.gouv.fr website if you have received a letter from the tax authorities with the information necessary for the online declaration. In this case, you must create your particular space online with the tax number and the access number provided. Click on “your private space” to create your account and let yourself be guided. You must choose a password and enter a reference tax income equal to “0”.

First of all, don’t rush. Remember to check all the information on your tax return before sending it to the tax authorities! Before the deadline assigned to you, no problem! You can correct as many times as you want your statement. Afterwards, things get complicated. However, the rectification of your online tax return after the submission deadline will automatically lead to the publication of a new tax notice which will be sent to you after the usual deadlines. You can also correct your declaration online, After receipt at the end of July of your tax notice following the declaration filed and signed before the filing deadline. This possibility of online correction is available in your Espace Particulier on www.impots.gouv.fr from the beginning of August. The correction should also be available from August 2023 for the next tax return. This online correction service is also offered to users who have benefited from automatic reporting.

For a tax return in paper format, you can inform your public finance center (personal tax department), either by post, mentioning only the elements for which you are requesting correction, or by filing a new tax return on paper. Do not forget to indicate on the first page “CORRECTIVE, CANCELED AND REPLACED DECLARATION” and to re-enter all the elements that you must declare, including those of the first declaration which were correct.

#ways #pay #tax

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