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Posted on 31 July 2023

πŸ“’ CHILDREN 🏠πŸ‘ͺ: Tax Rules and Benefits! Discover who can include them in their tax household. πŸ’‘βœ…

πŸ’¬ When the parents are not married, in a civil partnership or in the event of divorce, the question arises: who should attach the child to their tax household? What are the advantages/disadvantages?
1️⃣ What situations can lead to confusion?
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⚠️ If the couple are cohabiting πŸ‘©β€β€οΈβ€πŸ‘¨
⚠️ In the event of divorce: alternating or sole custody βš–οΈ
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2️⃣ What are the rules and advantages?
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βœ… The parent receiving child benefit can include the child in their tax household πŸ“‘πŸ’°
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This triggers additional deduction limits for special expenses, mortgage interest, etc. πŸ’ΌπŸ’°
However, it cannot deduct any alimony paid following a divorce βŒπŸ’”
βœ… Parents who do not receive child benefit may not include the child in their tax household, but may deduct any alimony paid in the event of divorce (up to €4020 per year per child) πŸ’°πŸ’”
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πŸ’Ό Simplify your life with taxx.lu! By answering a few simple questions, taxx.lu determines the deductible expenses relating to your children. Take advantage of tax benefits without the stress! πŸ˜„πŸ“
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#taxes πŸ’Ό #children πŸ‘ͺ #foyerfiscal 🏠 #taxx.lu πŸ“Š #allocationsfamiliales πŸ’°

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