Whether you are subject to income tax or wealth tax, donations are partly tax-deductible.
In France, to benefit from an income tax reduction, donations must be made by 31 December of the current year at the latest.
Your tax receipt will be sent within one month of your donation. Please keep it carefully, as it may be required in the event of an audit.
> Income tax: deduction of 66% of the donation, up to a limit of 20% of taxable income.
> Wealth tax: deduction of up to 75% of the donation, up to a limit of €50,000 of taxable income (the limit is reached with a donation of €66,000) per taxpayer and per tax year.
Amount after tax deduction:
Income tax
Deduction of 66% of the donation, up to a limit of 20% of taxable income.
– €
Wealth tax
Deduction of up to 75% of the donation, up to a limit of €50,000 of taxable income (the limit is reached with a donation of €66,000) per taxpayer and per tax year
– €
Income tax
When completing your annual tax return, enter the amount donated in box 7 UF of the 2042 tax return. You must declare donations made in year N-1 during year N.
If the limit of 20% of taxable income is exceeded, there is a carry-forward mechanism to the following year. If this carry-forward is insufficient, a new carry-forward can be made to the following year, and so on (up to a limit of 5 years).
Wealth tax
When completing your annual tax return, enter the amount donated in box 9NC of the 2042-IFI return. You must declare donations made between the deadline for filing the return for year N-1 and the deadline for filing the return for year N. Unlike income tax, there is no carry-forward to the following year if the limit is exceeded.
