The year 2024 is not the year of major tax revolutions. No big bang of withholding at source like in 2019. No curious novelty like the automatic declaration in 2021. No hiccups on real estate expected like in 2023. But here is still one bad and three good surprises.
The bad surprise: the mileage bar is frozen
a for a surprise, it’s a real surprise. After an exceptional boost of 10% in 2022, after an increase of 5.4% at the rate of inflation, the kilometer scale is unchanged in 2024. A real surprise in the sense that the progressive scale – the one which applies all labor income – increases by 4.8%.
However, in the practical brochure for the 2024 declaration of 2023 income, the General Directorate of Public Finances (DGFiP) does indeed appear a flat rate scale for kilometer costs identical to that of last year. A gel made possible by the judgment of March 27, 2023which set the scales from the taxation of income for the year 2022, which does not oblige Bercy to publish a new decree to update it in 2024.
For those who take their car or two-wheeler every day or almost every day to get to their place of work, this is clearly bad news. This means that in 2024 the real costs option will be a little less financially attractive, although it had become more advantageous since the 2022 boost.
Income tax: bad news, the mileage rate is frozen in 2024
Good surprise n1: an application that allows you to declare
This new feature will have no impact on your tax payable in 2024. But it will perhaps save you a little time since you will not necessarily need to sit in front of a computer to fulfill your reporting obligations.
There pre-filled declarationaccessible since this Thursday, April 11, will be able to first time be modifies and validates on the Impots.gouv mobile application, the boxes for the income and expenses sections are now modifiable on this app. Until now, this mobile application only allowed you to check your income as part of the automatic declaration.
Income tax: how to avoid the 3 pitfalls of automatic declaration
Good news n2: a tax option for your cryptos
If you invest in Bitcoin, Ethereum or other cryptocurrencies, this is probably no longer a surprise. The finance law for 2023 integrated gains in crypto-assets into the financial capital gains that can benefit from the single lump sum levy (PFU), or flat tax: 12.8% income tax + 17.2% of social contributions for the share of earnings withdrawn during the year of income declared.
It is during this 2024 declaration that the situation changes: if you have exchanged your cryptos for euros and therefore received capital gains in the year 2023, your gains will by default only be taxed at 12.8%, which is beneficial for many taxpayers. If you are not taxable, you can choose the scale option to avoid paying taxes, by checking a new specific box, different from other financial income, the 3CN.
To know. From this declaration, a distinction is made between individual investors (who can benefit from the flat tax) and professional investors (who will be subject to the non-commercial profits regime).
Good surprise n3: a double tax advantage if you carry out major rental property work
Here is a tax novelty for the year 2023 which had gone relatively unnoticed and it is therefore materialized on the occasion of this 2023 income declaration: the advantage provided by a land deficit is double from 2023 2025. A new feature that affects property owners who have carried out major renovation work in 2023.
What is this land deficit? A complex system allowing landlord owners to add the cost of work to other rental charges. Objective: that, over a year, the cumulative charges exceed the annual sum of rents (gross property income). We then speak of a land deficit. And this deficit can be deducted from your work income, but this advantage (the property deficit attributable to traditional income) is usually capped at 10,700 euros per year.
Since 2023, the ceiling is doubled, 21,400 euros. But be careful: the costs incurred must be dedicated to energy renovation work allowing rental accommodation to move from energy class E, F or G to energy class A, B, C or D. In short, major work in an old thermal strainer.
Taxes and rental real estate: what you need to know to take advantage of the doubled land deficit
Income tax 2024 *
Thursday May 23, 2024 11:59 p.m.
Thursday May 30, 2024 11:59 p.m.
Thursday June 6, 2024 11:59 p.m.
Hover over a department to view the tax filing deadline.
*Declaration deadlines 2024 2023 revenue
2024 taxes: here are the 3 new features of your online declaration
And also, other (small) tax changes
Donations to works. The maximum reduction, of 75%, also concerns this year donations made to the Heritage Foundation for the protection of religious real estate heritage.
Donations to works (bis). General interest associations contributing to equality between women and men join the family of organizations that can benefit from the 66% tax reduction.