Yes, the deadline has passed. But, if something goes wrong, it’s never too late to fix the bug! Prevention is better than cure. Our checklist to dive you one last time into the 2022 dividend for 3 potential sources of error: tough funds, forgotten tax benefits, and blameworthy omissions.
Excuse me! Did you miss the opportunity to claim a tax cut? Did you take advantage of automatic advertising without advertising the expenses of working at home or child care resulting in the right to a tax credit? Forgot to declare part of your income? It is best to debug online as soon as possible: The platform is still accessible at impots.gouv.fr in June. Quick correction allows you to limit potential tax increases.
Stop the misunderstanding: The deadline has passed well and truly. Yes, by adding resources that you forgot to authorize, you risk a penalty. So it is not necessary Indulge in online advertising only if it’s really necessary. On the other hand, if you have omitted to claim tax benefits, amending your return to this effect does not penalize you in any way… On the contrary, it allows you to reimburse you by requesting your credit or reduction.
Consequences of correction after the deadline
The Directorate General of Public Finance (DGFiP) shall implement a corrective tax. Thus, you will receive a second tax notice, after the first is available at the end of July in your own space on the tax website. It is likely that the payment (or the refund of overpayments) will be made in two installments instead of in two at once.
How to correct your tax return after the deadline
1. bathroom boxes
If you don’t have a TV at home
Usually just under 5 million tax households mark square 0RA, synonymous with the absence of television, according to statistics from the Directorate General of Public Finance (DGFiP). It is difficult to know whether this number corresponds accurately to the number of households that do not have a TV at home (including second homes). But Bercy Services itself understands that many taxpayers forget to check this box and thus take the risk Paying 138 euros is wrong TL fee. Because you have to tick if you have no TV and leave the box empty if you have one! In short, Do nothing = Advertise a TV.
Important clarification: The video projector with a tuner is like a TV set, but a computer connected to an internet box, no…and beware: If you check the 0RA box while having a TV, you risk a fine of €150 per unauthorized TV.In addition to the 138 euros fee for broadcasting television broadcasting.
Who can escape the TV license fee
If you are a single parent
The orphaned parent element appears at the beginning of the ad. Parents who certify that they live alone with one or more dependent children, in 2021, must flag square t. Non-neutral action: you get an extra half share, which automatically lowers your tax, even if the benefit is set at €3756. Single-parent families can also check this box even if the children are in alternate housing: the advantage is split in two.
If you have t Ex-single parent, for at least 5 yearsAnd you still live alone, this time you can check the box L, where the interest is limited to 952 euros. Please note: Widows and widows must check the square V, which is more tax efficient.
What you need to know before checking the box Single parent
If you receive income from bank investments
At least 8 million tax households left 2OP . box Blank (the default option) while they would have liked to check it out, in 2019, for the first year of its existence. Amount lost: 7 euros or less for 4 million families, but more than 50 euros for 1.6 million families! You are concerned if you receive income from assets (unstructured savings accounts, some PEL, certain income from the stock market, etc.) for income tax. However, non-taxable households and some low-tax households have an interest in checking the 2OP box for PFU waiver and opting for a progressive tax, such as earned income.
Since then, Percy has corrected the situation. theoretically, The tax authorities will notify you if you make the wrong decision at the end of the advertisement. Logically, there’s no other possible error…at least not without telling you about it when the routine declarative work is done.
2. Forget about deductions and tax credits
If your kids are in college, high school or university
You are entitled to a tax deduction when your dependent children attend college, high school or higher education. In this case, indicate the number of children continuing their education in 2021 in the boxes 7EA (College), 7EC (high school) and 7EF (Higher Education), or the line below for shared residence. This tax cut is largely unknown: on Oups.gouv.fr, Percy cites this bug in his Top 20 Frequently Reported Mistakes. Each of these boxes is filled with less than 2 million families each year…but the national education system lists 3.4 million middle school students and 2.3 million high school students.
Are you sure you haven’t forgotten any tax cuts?
If your children were born between 2015 and 2021
Your children were under 6 years old on January 1, 2021? All childcare costs qualify for a 50% tax credit. Yes, all childcare costs including nursery, daycare without prior reservation, recreation center, crèches … not just the salaries of nannies and baby sitters, the only fee pre-filled in your acknowledgment thanks to your Pajemploi ads. If you forget, go to the line 7GA-7GB-7GC (Depending on the child concerned). Since it is a tax credit, this benefit also benefits non-taxable families.
How to take advantage of the childcare tax credit
professionals: Cheapest deals online for Reduce your bank fees
If you make donations to charities, political parties or trade unions
Nearly 6 million families make donations to charities each year. However, a common mistake is to get lost in the classification of charitable donations. All donations for 2021 to aid organizations for people in difficulty (Restos du Cœur, Red Cross, Secours populaire, etc.) must be completed on-line 7UD, even if the amount exceeds the 75% reduction cap set at €1,000 for donations this year. The tax authorities then transfer the surplus to the other donation category, for which the reduction ceiling is 66%. In addition to specific funds dedicated to donations to political parties (7HU) or union dues )7AC).
Namely: union dues do not entitle you to a reduction, but to a tax credit! The only condition you are entitled to: not to choose the real costs (in this case they must be included in the real costs).
3. Guilty omission
If you have a foreign account: Revolut, N26…
Do you have a Revolut, N26, Monese or Bunq bank card? All of these institutions have the peculiarity of being based abroad. If you opened your account in 2021, or had an account in 2021, you are required to inform the tax authorities of its existence, by completing Appendix 3916. Don’t panic: advertising this payment account abroad will have no effect on your tax amount.
How do you declare your N26, Revolut or PayPal accounts?
If you or your children have a student job
You are a student (or your dependent child is a student) and understand that it is not necessary to disclose your income? It’s a mistake! You must declare the income from your student jobs through a partial exemption application: the first 4,690 euros is thus exempted for students under 26 years of age. If the resources derived from the student’s job (or your child’s job) exceed this limit, you must declare the surplus: €310 if the annual income from the student’s job increases to €5,000, for example. Revenue refers to the line 1 pm If you are depositing your permit, the line 1CJ-1DJ If your child or children. On the other hand, if the income comes from paid training, the exemption threshold is much higher (18,760 euros).
Reconnect your children or not: the calculation to do before choosing
If your parents give you money regularly
Do your parents give you money, every month or at least regularly, to help you financially? Do I have to declare this extra income to the tax authorities? In theory, yes: a regular donation cannot be considered as present use, even if the amount is modest, because in tax terms, gifts must remain on time and related to the event. In fact, the risk of tax re-qualification is low if the amounts are reasonable, but it is still better to be transparent.
Moreover, if this money received each month is necessary to meet your needs, it is in your parents’ best interest to declare this amount: they can take advantage of the alimony deduction, which will reduce their income tax. To know: If your parents choose to count these donations as alimony, they fill out the statement in their declaration: a possible option provided you are able to prove to the tax authorities that you need this financial support to live. You must also then fill in these amounts, in the income category, line 1AO (Maintenance payments received).
Do I have to declare what my parents pay me each month?
Other common mistakes
It is impossible to make an exhaustive list of everything that you had to change, because the situations are so diverse, but also because not all income families are included in a pre-packaged declaration. Do not forget, among other things, to detail income from platforms such as Airbnb, which you are well-versed but not prepackaged. Do not forget about holiday vouchers when the annual cap of 1,590 euros is exceeded, do not forget about restaurant tickets when the company’s participation exceeds 5.55 euros per day, nor certain gifts from the employer …
10 mistakes to avoid on your tax return