📌 A LITTLE-KNOWN TAX BENEFIT THAT FEW USE
The French tax system offers numerous deductions, but not everyone knows about them. Taxpayers frequently take advantage of deductions for childcare, home services, and transportation costs. However, there is a lesser-known way to save money—a tax deduction on banking fees.
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🏦 WHICH BANKING EXPENSES CAN BE DEDUCTED?
Not all fees qualify for a tax deduction. However, if you pay a bank for securities custody fees under a Plan d’Épargne en Actions (PEA), these expenses can be deducted.
Example:
• You own €3,000 worth of stocks.
• The custody fee can be up to 0.4% of the total amount, which equals €120 per year.
• These €120 can be deducted from your taxable income.
⸻
📄 HOW TO DECLARE THESE EXPENSES?
To claim this tax deduction, enter the amount in box 2CA of your tax return.
Example Calculation:
• You declare €120 in box 2CA.
• If your tax rate is 11%, you will receive a €13.20 tax reduction (11% of €120).
⚠️ Important: To qualify for this deduction, you must also check box 2OP, confirming that you choose to be taxed under the standard income tax scale.
⸻
⚠️ WHO SHOULD NOT APPLY FOR THIS DEDUCTION?
If your income is taxed at 30% or higher, do NOT fill in box 2CA or check box 2OP!
Instead, an automatic 12.8% tax rate will be applied to your PEA earnings, helping you save more on taxes.
⸻
💡 DON’T MISS YOUR CHANCE TO SAVE!
Around 5 million French taxpayers are eligible for this tax deduction, yet most don’t even know about it! Check your banking fees, complete your tax return correctly, and get back some of the money you paid to the bank!
📞 Contact me if you need help choosing a bank for your real estate purchase.
⸻
The French tax system offers numerous deductions, but not everyone knows about them. Taxpayers frequently take advantage of deductions for childcare, home services, and transportation costs. However, there is a lesser-known way to save money—a tax deduction on banking fees.
⸻
🏦 WHICH BANKING EXPENSES CAN BE DEDUCTED?
Not all fees qualify for a tax deduction. However, if you pay a bank for securities custody fees under a Plan d’Épargne en Actions (PEA), these expenses can be deducted.
Example:
• You own €3,000 worth of stocks.
• The custody fee can be up to 0.4% of the total amount, which equals €120 per year.
• These €120 can be deducted from your taxable income.
⸻
📄 HOW TO DECLARE THESE EXPENSES?
To claim this tax deduction, enter the amount in box 2CA of your tax return.
Example Calculation:
• You declare €120 in box 2CA.
• If your tax rate is 11%, you will receive a €13.20 tax reduction (11% of €120).
⚠️ Important: To qualify for this deduction, you must also check box 2OP, confirming that you choose to be taxed under the standard income tax scale.
⸻
⚠️ WHO SHOULD NOT APPLY FOR THIS DEDUCTION?
If your income is taxed at 30% or higher, do NOT fill in box 2CA or check box 2OP!
Instead, an automatic 12.8% tax rate will be applied to your PEA earnings, helping you save more on taxes.
⸻
💡 DON’T MISS YOUR CHANCE TO SAVE!
Around 5 million French taxpayers are eligible for this tax deduction, yet most don’t even know about it! Check your banking fees, complete your tax return correctly, and get back some of the money you paid to the bank!
📞 Contact me if you need help choosing a bank for your real estate purchase.
⸻