When it comes to taxes, it’s always the same question: how to pay less? Once is not custom, it was necessary to anticipate by taking measures before the end of the year 2022 in order to pay less tax in 2023. We take stock in this summary article of most of the tips that will allow you to pay less tax in 2023. Whether for the very modest, the rich, the single, those who have children, those who have land, salaries etc…. everyone can find their account since many devices exist. It is up to the taxpayer to know them, to use them and to declare them to lower his tax each year.
All taxpayers are subject to a 10% reduction on their salaries. Instead of this exemption, it is possible to remove the actual costs that you actually pay. An effective way to reduce your tax each year. The trick is not to just subtract mileage or meals. Indeed, more than 20 different real costs exist, some of which are specific to certain professions. You will find here the list of all the actual expenses deductible from the salaries that exist.
Tip for adult children: make the right statement.
If you have an adult child, several tips are possible to reduce the tax. On the one hand, you can choose whether it is more interesting to keep it dependent or choose to take it out of the tax household. On the other hand, you can opt for the deduction of a pension if he makes his own declaration. Here again an optimization exists: you can deduct the actual pension if you pay him money or take advantage of a lump sum pension if the child lives with you . If your adult child is still old enough to be attached to the tax household, you can read: how to reduce tax via pension with an adult child? Note that the lump-sum pension deduction also applies if you are hosting a relative.
Study the deductions reducing the reference tax income 2023
Lowering your taxable income is sometimes not the right solution. It is worth dwelling on the concept of reference taxable income. The lower it is, the more likely you are to get state aid. The most glaring example is the abolition of the housing tax. This will depend on the reference tax income. You can study this article which answers the following question: can you lower your reference tax income to be exempt from housing tax? To go further, you will find the list of tips that allow you to be exempt from housing tax.
Pay less income tax depending on your family situation.
Did you get married or civil partnership in 2022? Good news, you will be able to optimize the tax declaration. The first year, you have the choice between making two separate declarations or a joint declaration. Take the time to do the simulations to pay as little as possible. Be careful, even with income differences, it is sometimes more judicious to make a separate declaration. The complete study of the tax year of Pacs/marriage is here.
Cohabitation with children: 2 tips for reducing taxes.
If you have children and you live with your partner, two tips can reduce the tax. On the one hand, you can choose where to attach the children (to Monsieur or Madame). Take the time to do a simulation, it is not necessarily wise to put them on the person who earns the most! At the same time, you can deduct a spousal pension. A technical point detailed in our article on the taxation of cohabitants with children. Note that you can take advantage of 2022 to make a transfer between cohabitants in order to have your 2023 proof vis-à-vis the tax authorities!
Living alone can allow you to have an additional half share, which lowers the tax by several hundred euros. Living alone means for the tax authorities to be neither married, nor in a civil partnership, nor in cohabitation, but that is not enough: you must also have one or more dependent children to have the half-share for a “single parent”. If this is not the case, the fact of having raised a child alone for 5 years also entitles you to a half share if you live alone. The conditions to be met to have a half share when living alone are detailed here.
Tax reductions and credits to pay less in 2023.
Make donations! Of course, it is the donations you make in 2022 that will allow a tax reduction in 2023. Don’t be fooled by the simplicity of the system. Between the reductions to 66%, the reductions to 75% of the amount given, the ceilings, the eligible organizations, the box to be filled in…. I advise you to take the time to study everything you need to know if you make a donation vis-à-vis your income tax declaration.
Tip for volunteers of an association in 2023: You are entitled to a tax reduction.
Volunteers of an association are entitled to a reduction for donation. An often poorly known device that few people benefit from. Traveling for an association (taking the children to the tournament, shopping for a meeting, etc.) without being reimbursed constitutes a donation to the association. You can then have a reduction of 66% via a kilometric scale on request from the association. We had seen this point in the article on donations via kilometer trips to associations.
Home employment: tax credit in 2023.
The fact of employing a person at home entitles everyone to a tax credit. This means that 50% of the expenses you incur for help at home will be returned to you by the tax authorities even if you do not pay tax! Please note that the rules differ depending on the assistance you receive (gardening, DIY, cleaning, etc.). Take the time to study the best way to declare a home helper to obtain a tax credit.
