Navigating Taxes as a Student: Your Guide to Declarations and Benefits.

2023-04-17 23:10:00

If the declaration is obligatory even if one is exempt from taxes, there are minor exceptions for students.

Taxes: a complicated story

Among all the administrative procedures and obligations, the tax is surely the most complicated. In effect, everything related directly or indirectly to taxes seems to be quite complex. Among the most confused, we have the students as well as the young people who have just turned 18 years old. Freshly adults, they enter the world of taxation.

We are then here to give them some leads. So, if you were between 18 and 24 years old on January 1, 2022, you will have to complete your own tax return or request a connection to the parental tax household. Also, if an 18-year-old student chooses to make his own declaration, he must declare the income received between the date of his majority and December 31, 2022.

What is the next step ?

After seeing a few lines regarding the new majors, let’s move on to the bigger ones. What to do from 25 years old? In terms of taxes, we can say that this age marks a small turning point. Turning 25 before January 1, 2022, for example, changes your situation a little. In effect, online tax reporting becomes mandatory. To do so, go to the so-called impots.gouv.fr. Also, it is mandatory to mention if you receive alimony.

As for the parents, in the event of payment of alimony, they can deduct it within the limit of 6368 euros per adult child. But this tax return gives you access to certain benefits. In effect, for example, you can claim the activity bonus. This is this aid intended for certain trainees, apprentices, work-study trainees, employees and students.

What are the incomes to declare when you are young?

Now let’s move on to the content of the tax return. You should know thatbeyond a certain ceiling, student jobs, summer jobs or for a salaried activity exercised in parallel with studies are to be declared. This ceiling is 4936 euros, i.e. 3 times the minimum wage. The same is true for internship bonuses and salaries received under an apprenticeship contract.

Also, non-salary income outside the framework of an employment contract, such as that of the micro-entrepreneur, is also subject to income tax. Thus, they must also be declared. Finally, scholarships allocated for work or research must also be declared.

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