Home savings
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Tax savings
Deposits into a home savings plan are tax-deductible on your tax return, allowing you to significantly reduce your tax burden.
Deductible amounts
The maximum deductible amounts on your tax return depend on two factors:
- The number of people in your household
- The age of the adult individuals in the household
Want to know the deductible amount in your situation?
Look at the examples below!
Some examples:
Couple without children
Under 41 years old
Possible deduction:
2,688€
Maximum tax savings:
1.230€
Over 41 years old
Possible deduction:
1.344€
Maximum tax savings:
615€
Couple with 1 child
Under 41 years old
Possible deduction:
4.032€
Maximum tax savings:
1.848€
Over 41 years old
Possible deduction:
2.016€
Maximum tax savings:
924€
Couple with 2 children
Under 41 years old
Possible deduction:
5.376€
Maximum tax savings:
2.460€
Over 41 years old
Possible deduction:
2.688€
Maximum tax savings:
1.230€
Single without children
Under 41 years old
Possible deduction:
1.344€
Maximum tax savings:
615€
Over 41 years old
Possible deduction:
672€
Maximum tax savings:
308€
Single with 1 child
Under 41 years old
Possible deduction:
2,688€
Maximum tax savings:
1.230€
Over 41 years old
Possible deduction:
1.344€
Maximum tax savings:
615€
Single with 2 children
Under 41 years old
Possible deduction:
4.032€
Maximum tax savings:
1.848€
Over 41 years old
Possible deduction:
2.016€
Maximum tax savings:
942€
Other situation
Each member of your household can benefit from a tax deduction of 672€.
This ceiling is doubled if at least one of the adults is under 41 years of age.
Please contact us for more information!
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What is a home saving contract?
Home savings plan in Luxembourg is a mechanism that enables individuals to build up tax-advantaged savings with the aim of acquiring, building or renovating a home.
What is the deductible ceiling for a home savings plan?
Since 2017, the deductible amounts associated with home savings have been set according to taxpayers' age.
As a result, the ceiling has been doubled for individuals under 41, allowing a deduction of €1.344 per person in the household. For those over 41, the ceiling is set at 672€, this amount also being multiplied by the number of individuals in the household.
Example:
A household of 4 people (2 adults under 41 and 2 children) can benefit from a deduction of €5,376, equivalent to a tax refund of up to €2,460.
How do I set up a home savings plan?
taxx.lu can help you subscribe by advising you and preparing your contracts. Please do not hesitate to contact us.
Articles & tips
Find answers to all your questions about taxation in Luxembourg!
