Categories: Life Style

Income tax: 5 tips to save more than 1000 euros per year

Declaring your income for taxes is never a cakewalk. Whether it stems from a lack of knowledge of taxation, the fear of making a mistake or forgetting something, this time of year is often perceived as a painful moment, a source of anxiety or anguish…

As evidenced by a survey carried out by OpinionWay for Quintésens* and relayed by Les Echos. Indeed, 41% of French people express a negative feeling with regard to the declaration of income. For a third of households, this period would even represent the worst time of the year.

The most resistant to this test are, unsurprisingly, the youngest (between 25 and 34 years old). Among them, 33% say they suffer from anxiety because of the declaration of income. “The deep ignorance of the French in terms of taxation” would be one of the main causes of this anxiety, reveals the survey.

Thus, if the declaration is often perceived as a chore, it is also a support which makes it possible to claim its tax advantages. However, here too, tax ignorance is not without effects since the survey reveals that 82% of taxed taxpayers acknowledge that they do not reduce the amount of their tax thanks to the tax loopholes to which they are eligible. 1 out of 5 French people even admit not knowing at all what a tax shelter is.

Fortunately, to allow you to rectify your errors or claim a forgotten tax reduction, the Directorate General of Public Finances (DGFIP) has set up a correction system that can be used after receipt of the tax notice. tax following the declaration filed and signed before the filing deadline. This possibility of online correction is available from August 03 to December 14, 2022.

The perfect opportunity to catch up and recover all the tax benefits that may have been omitted during the tax return. Find in our slideshow 5 tax advantages, listed by MoneyVox, which can save up to 1200 euros per tax household.

*Carried out online from April 28 to 29, 2022 with a sample of 1,032 people representative of the French population aged 21 and over.

WireNews Editor

I have been in this field for the last 10 years and my repertoire includes academic catalog, newsletters, university publications, children's literature, real estate, law and religion. I have a Bachelor's degree in English and have done my Master's degree in Publishing from The George Washington University. I also have certificates in Book Publishing and Editing and in Professional Editing.

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