Income from bank accounts and housing savings must be declared at least two places in your income tax return. Depending on your tax situation, a third line must be completed. A subtlety that could allow you to make tax savings.
A fun puzzle for some, a chore for many! The income declaration, vat 2024, can be savored, preferably online, until Thursday June 6, for Parisians, or Thursday May 23, for Marseille residents. Like every year, MoneyVox takes a close look at your taxes to help you declare your income without making a mistake. Here’s what you need to know to income from your bank books and your home savings accounts and plans.
Booklet A, LEP or Youth Booklet? Tax free! No declaration!
These particularly common savings vehicles are all part of the fixed income investment products and therefore have common declarative terms. On the other hand, income from regulated savings accounts – Livret A, LDDS, Livret d’épargne populaire (LEP) and Livret Jeune – is not taxable, and therefore not declared. PELs under 12 years old, opened before 2018, are also not taxed. Conversely, interest on PELs and CELs subscribed since 2018 is taxed from the first year.
Open plan… | Social contributions (17.2%) | Income tax (12.8%) | Total taken from your 2022 interest |
---|---|---|---|
… after 2018 | 30% | ||
… between 2012 and 2017 | 17.2% | ||
… before 2012 | 30% |
Beware of misunderstandings: to simplify, we cite the year 2012 but it is the 12-year mark of the PEL which subjects it to income tax. This year, in 2023, the PELs opened in 2012 are not yet taxed, but they will be partly taxed next year.
My PEL is over 12 years old. I’m going to pay taxes. Should I open a new one?
Boxes 2TR, 2CK and 2BH check
As in previous years, there are two options for declaring your interests. By default, the single flat-rate levy (PFU) of 30% applies. Also called flat tax, it includes 17.2% of social security contributions and 12.8% of taxes strictly speaking.
In your declaration, the application of the PFU on bank accounts and other fixed rate products is materialized on several lines: Interest and other fixed income investment products (box 2TR) and in box 2BH.
To know. Since the 2020 declaration campaign, the use of box 2BH, renamed Income already subject to social security contributions with deductible CSG if scaled option, has in fact evolved, which simplifies the declaration. Previously, the taxpayer had to operate a tedious game of communicating vases by juggling box 2CG, which is no longer necessary. From now on, whether you keep the PFU or opt for scaled taxation, you no longer have to modify the amount pre-indicated in 2BH (except obviously if the amount pre-filled by the tax authorities is incorrect).
To notify the tax administration that you want to activate the scale option, simply check the box 2OP.
A third line, Non-dischargeable lump sum payment already paid (box 2CK) can also be completed. It corresponds to thetax deposit of 12.8% which was taken upon payment of interest. This line remains empty if you have exercised your rights for a deposit waiver in fall 2021.
Taxes 2024: find out how much you will have to pay using the official tax simulator
Taxation at the scale by checking the 2OP box
As a reminder, scale taxation makes it possible to replace the default tax deduction, the terms of which may differ depending on the savings products, with a global taxation of all earnings a progressive rate which depends on the income level of the tax household and ranges from 0% to 45%. In fact, this option proves profitable for taxpayers with little or no tax and obviously receiving income which is normally subject to PFU taxation.
If in doubt about the most economical formula, you can carry out the test by checking and unchecking the 2OP box before validating your income tax return. Also note that, if you had checked the 2OP box in 2023, it will automatically be pre-checked this year.
Declare your banking interests step by step
To verify and declare the earnings from your bank accounts and other fixed income products, you must:
- Bring the single tax form (IFU) which summarizes all the winnings, box by box, sent by your bank.
- Check that the amounts pre-filled in your tax return by the tax authorities in boxes 2TR and 2BH correspond to the amounts on your IFU. Correct them in case of error.
- A third box, 2CK, can also be pre-completed. You also need to check it. It is normal for this line to remain empty if you have previously requested a deposit waiver.
- Check the 2OP box if you wish to opt for scale taxation.