Categories: Politics

Taxes: what you had to earn in 2022 to pay nothing in 2023

The opening of the 2023 tax filing campaign is fast approaching. As every year, the different thresholds are likely to change and it is therefore important to keep an eye on the news.

This year, with galloping inflation, many French people are worried about the amount they might have to pay. Fortunately, as Capital explains, only one in two people has to pay income tax in France.

This is due to the exemption threshold which allows households with the lowest incomes to pay nothing. Households with an annual income below this threshold are indeed exempt from income tax, after application of the discount and the threshold of 61 euros below which the tax is not collected, specifies Le Figaro.

This limit is notably set according to the family quotient, “a system which divides taxable income into a certain number of parts”, can be read on the economie.gouv.fr website.

This is established according to the family situation of the taxpayer as well as the number of dependents. “The objective is to adjust the amount of tax to the contributory capacities of each household”, explains the government page.

Concretely, a single person is equivalent to a tax share while each dependent child adds an additional half share. From the 3rd child, each of them can benefit from an additional share. It should also be noted that children holding the mobility inclusion card are entitled to an additional half share.

The family quotient makes it possible in particular to determine the income tax exemption threshold that applies to each situation.

Discover in the slideshow the exemption thresholds valid for each tax part.

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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