Paying to the State what is due to the State constitutes an obligation to which every good citizen must willingly submit. While knowing that everyone can – within the limits authorized by law – use tricks so that this part does not leave them on the straw either. Focus on the legal ways to lower your taxes.
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Show generosity
By funding causes that benefit the most vulnerable categories or projects that benefit the community, you can obtain a tax reduction. Contribute to works of general interest, make donations or payments to associations. These must be recognized as being of public utility and the works for which they are responsible demonstrate a cultural, family, humanitarian or philanthropic character. Endowment funds, corporate or university foundations may also be the subject of these contributions. As a general rule, the tax reduction operates on payments not exceeding 20% of taxable income. The sums actually paid are subject to a reduction of 66%,
Declare your income the smart way
By didn't of doing it at the last minute in the declaration of your income taxes, you often miss out on entries that can legally save you money. Next time, consider, for example, the pension contracts taken out during the year. Whether it is disability savings or a survivor's pension, the reduction can reach 25% of the premiums. The conditions which apply include, on the other hand, the maintenance in the state – without deduction, therefore – of the product over a period of 8 years, while the ceiling of 1,525 euros must not be exceeded concerning the premiums. Count an increase of 300 euros per dependent child on this premium ceiling. Has your household welcomed a newborn during the year? Your family quotient over the past year will be increased. your older child, ms still a minor, already exercising a professional activity? Declare his income simultaneously as yours, keeping it as a tax share. For this purpose, tools are available online for you to carry out a simulation. You will then compare the amount of taxes to be paid in the scenario where you agree to lose this tax share, with the amount due if you include his salary in yours. Just take the most advantageous option. with the amount owed if you include his salary in yours. Just take the most advantageous option. with the amount owed if you include his salary in yours. Just take the most advantageous option.
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Tax-exempt real estate
Investing in selected real estate is another way to reduce your tax burden (see examples and tips ). The whole thing is to place your pawns where it is really interesting. More and more people seek, for this purpose, the services of a professional who enlightens them on the various advantages and the stakes represented by the various devices envisaged by the legislator. Renting professionally furnished accommodation, choosing your property on the geographical limits of a heritage site, becoming a new owner and renting the property for an agreed period, so many steps that allow you to invest your money in solid, while taking advantage of tax relief.