Posted on 31 July 2023
Why file a tax return even if it's not mandatory? Discover the benefits!
Declare your taxes even without obligation and discover the benefits. Maximize your tax savings!
Why file a tax return, even though it's not necessarily compulsory in Luxembourg?
Here are a few reasons:
Compulsory if your household receives, for example:
- Annual taxable income > €100,000
- Several incomes (e.g. 2 different salaries)
- Income not taxed at source (e.g. rent)
Not compulsory, but advantageous! It can allow you to benefit from a considerable tax refund, by deducting certain expenses on your tax return!
Examples of refunds thanks to the tax return!
Example 1
Single, no children, gross monthly salary €4,000
Deductions on tax return :
- Car insurance: €350
- Health insurance: €322
- Housing savings: €1,300
- Home cleaning: €5,000
Tax refunded on tax return: €2,002
Example 2
Civil union couple with 2 children, gross monthly salary €5,000 and €3,000
Deductions on tax return :
- Car insurance: €800
- Health insurance: €1,000
- Housing savings: €4,000
- Home cleaning and Maison relais: €5,400
Tax refunded thanks to tax return: €4,041
How can you find out if you qualify for a tax refund? Run a simulation on taxx.lu and find out for free how much you can be refunded.
