Tax Brackets

by | May 6, 2024

Income tax simulator 2024

Detailed results

Number of shares: 0

Income per unit: €0

Gross tax: €0

Discount: €0

High-income contribution: €0

Final tax payable: €0

Average tax rate: 0%.

Marginal tax rate: 0%.

2024 scale

Up to €11,294 0%
From €11,294 to €28,797 11%
From €28,797 to €82,341 30%
From €82,341 to €177,106 41%
Over €177,106 45%

Tax brackets

Tax brackets are one of the cornerstones of modern tax systems, directly influencing everyone’s contribution to public finances. This article explores this essential tax mechanism in detail.

How to calculate your income tax?

Let’s take a concrete example for a single person with a taxable income of €35,000:

  1. First bracket (0%): €0 tax on the first €11,294
  2. Second bracket (11%): (28,797 – 11,294) × 11% = €1,925
  3. Third tranche (30%): (35,000 – 28,797) × 30% = €1,861
  4. Total: €1,925 + €1,861 = €3,786 in tax

Family quota: how to divide your tax bill?

The number of units allows you to adapt your tax to your family situation:

  • Single: 1 part
  • Married or civil union couple: 2 shares
  • Per child: +0.5 part (+1 part from 3rd child)
  • Single parent: +0.5 additional share

The discount: an advantage for modest incomes

If your gross tax bill does not exceed €1,929 (single) or €3,191 (couple), you automatically qualify for a reduction. The calculation is as follows

  • Single: (€873 – gross tax) × 45.25%.
  • Couple: (€1,444 – gross tax) × 45.25

High-income tax: additional brackets

An additional levy applies to high incomes:

  • Single: 3% between €250,000 and €500,000, 4% above that amount
  • Couple: 3% between €500,000 and €1,000,000, 4% above that amount

Tax reductions and credits

To reduce your tax bill :

  • Personal services: 50% discount
  • Donations to associations: 66% to 75%.
  • Real estate investments: Pinel, Denormandie
  • MaPrimeRénov’ for energy renovation
  • Childcare expenses
  • Union dues: 66
  • Tuition fees
  • Overseas investments
  • Subscription to SME capital
  • Employment of an in-home employee
  • Life insurance
  • Corporate sponsorship
  • PERP/PREFON contributions

Withholding tax

Tax is deducted monthly from your income. The rate applied is calculated on your N-2 income and adjusted when you file your annual tax return.

Essential tips

  • Keep your receipts for 3 years
  • Declare all your income
  • Report changes in your situation
  • Keep an eye on your direct debit rate
  • Anticipate your income fluctuations
  • Use the official simulators

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