2024 Tax Return Campaign: Key Changes and Updates to Know

2024 Tax Return Campaign: Key Changes and Updates to Know

2024-03-21 05:31:00

the essentials The annual tax campaign will kick off in mid-April for online declarations. Nearly 40 million tax households are affected. Here are the main changes for this year.

The launch of the 2024 tax return campaign is fast approaching. Although the official date has not yet been revealed, we already know that from mid-April, nearly 40 million tax households will have to declare their income for the year 2023 for 2024. Each year its share of new products. Here are the main points to remember. And as a reminder, the tax administration provides an online simulator to estimate the amount of your taxes.

A scale indexed to inflation

To take into account inflation, the scale of imports on income was, this year, revised upwards, by around 4.8%. An increase taken into account in the default withholding tax rate scales.

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Income tax 2024: are you a winner or a loser? Check with the new scale

From now on, in France, to be taxable, you must declare at least €17,133 in net income compared to €16,372 last year.

In fact, here is the scale retained for 2024:

  • Up to €11,294: 0%
  • From €11,295 to €28,797: 11%
  • From 28,798 euros to 82,341 €: 30%
  • From 82,342 euros to 177,106 €: 41%
  • Above €177,106: 45%

Discount for the poorest households, special reduction for the disabled and over 65s

Still according to the same principle of indexation to inflation, the discount granted to the lowest-income households is also increased to 4.8%. This concerns in particular: single people with a gross tax of less than €1,929, but also couples with a threshold set at €3,191. And this before reductions or other tax credits. No action is necessary, the operation being carried out automatically by the tax services.

Elderly people (over 65) and disabled people also benefit from a “discount”, still of 4.8%. In detail, the reduction will be €2,746 up to €17,200 of income; and €1,373 between €17,201 and €27,670. The amount of the reduction is doubled if the spouse or PACS partner is also in one of the two situations.

The tax reduction system for donations to associations expanded

Donations to associations helping people in difficulty entitle you to a tax reduction of around 75%. And within the limit of €1,000 in payments. Above this threshold, the percentage increases to 66% of the amount given. And overall, the tax reduction cannot exceed 20% of taxable income.

This year, in addition to the organizations mentioned above, donations to political, trade union and women’s rights associations are included in the system with the granting of a 66% tax reduction.

A new scale for fuel costs

If you decide, as part of your business travel, to opt for the deduction of the actual costs in the tax return, a new scale of fuel costs has been updated.

The 2024 fuel scales. service-public.fr

Compared to last year, it breaks down as follows:

  • increase for vehicles with gasoline engines (+4.1 to +4.8%) and LPG (+15.1 to +16.4%) and for two-wheeled vehicles
  • decrease for cars running on diesel (- 3%)

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