The 2021 income statement campaign opens this Thursday, April 7. And like every year, it comes with its share of news.
Revaluation of the mileage scale by 10%, exemption from professional expenses related to teleworking, tax credit in the event of first subscription to the press… These are the news that you should know when declaring your income for 2021.
10% revaluation of the mileage scale
Faced with the increase in fuel prices, the scale of mileage costs was increased by 10%. In concrete terms, employees who regularly use their car for business trips can deduct mileage costs from their taxable income, either at their actual amount or using the mileage scale. The latter is calculated based on the number of kilometers traveled, but also on the power of the vehicle. According to the Government, this 10% increase in the mileage bonus scale will allow an average saving of €150 per household.
Tax-exempt telecommuting expenses
Allowances paid directly by the employer (premium, compensation, fixed reimbursement) are exempt from tax up to a limit of €2.5 per day, €55 per month and €580 per year. The same limits will apply when the worker has opted for the deduction of professional expenses for their real and justified amount.
Tax rebate increased to 75% for donations to religious associations
Due to the health crisis, the government has revised the maximum limit on donations to associations that help people in difficulty such as the Red Cross, the Secours populaire or the Restos du Coeur. A taxpayer who has made a donation in 2021 will thus be able to deduct 75% of the amount paid from their personal income tax, up to the limit of €1,000. For the excess, the deduction will be 66%, with a limit of 20% of the tax base. Thus, the taxpayer will be able to benefit from a maximum tax reduction of €750.
75% tax reduction for so-called “Coluche” donations
For any donation to associations that help people in difficulty or that fight against domestic violence, with a maximum limit of €1,000, a tax reduction of 75% is granted.
30% tax credit for a first press subscription
It is possible to benefit from a tax credit for a first subscription to a press, political or general information title subscribed from May 9, 2021 and for a minimum period of 12 months. It is equal to 30% of the cost of the subscription. It will be necessary to carefully preserve the proof provided by the press title, since it may be required by the tax authorities.
Tax credit for the installation of an electric car charging point
A new tax credit has been introduced for the installation of a charging station. Therefore, it is aimed at owners of electric cars who have incurred expenses for the installation of a charging system in 2021.This tax credit, equivalent to 75% of the amount of expenses within the limit of €300 per tax system, it is open to all taxpayers domiciled in France, regardless of the level of their income”indicates the DGFiP website.
Veterans half quota open to all
From the 2021 income tax, widows and widowers of veterans over 74 years of age benefit from the additional half, regardless of the age at which their spouse dies (before or after 74). Previously, the surviving spouse could claim this increase only in the event of the veteran’s death after their 74th birthday.
“Prime Macron” tax-exempt
The exceptional purchasing power bonus (known as the “Macron” bonus), paid between June 1, 2021 and March 31, 2022 to employees who received remuneration less than three times the minimum wage, is exempt up to €1,000, or €2,000 if the employer has entered into a profit-sharing agreement or entered into an agreement to promote the professions of second-line workers.
Tax-free sustainable mobility package up to 600 euros
Since May 2020, employers can allocate a sustainable mobility package to their employees to fully or partially cover the costs of commuting from home to work using non-polluting transport (bicycles, electric scooters, carpooling, etc.). This coverage is exempt from income tax and social charges up to a maximum limit of 500 euros per year per employee. From August 25, 2021, this limit has even been increased to 600 euros in the event of accumulation with the partial reimbursement of a public transport or self-service bicycle pass.
No restriction for the tax credit linked to the employment of a home employee
“Services provided outside the home (accompaniment of children on the way between school and home or in the place of an extracurricular activity, delivery of meals or purchases to the home of an elderly person, disabled person or affected by chronic pathologies), when included These activities in a set of services subscribed by the taxpayer, including activities carried out at home, are eligible for the work-at-home tax credit,” remember the DGFiP. The same applies to expenses related to telecare and visual assistance for the elderly or disabled.
Maintenance of the CITE in case of deposit paid or budget accepted before 2021
As of January 1, 2021, the energy transition tax credit (CITE) has been replaced by Ma Prime Rénov. However, middle-income households that carried out energy-saving works on their main home in 2021 can benefit from the CITE, as long as they have accepted an estimate or paid a deposit before December 31, 2020. For higher-income households , only the cost of thermal insulation of opaque walls entitles you to the CITE.