Categories: Business

All these motorists must complete this tax line to save money and it is not the mileage costs

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Certain vehicles can help lower taxes a little more, in addition to traditional mileage costs.

The income tax return form has dozens and dozens of various boxes to choose from. fill. Fortunately, not everything has to be completed. by each taxpayer. Each line corresponds to & a specific point that is not common to all all French people. Among them, many allow you to reduce the amount of final tax paid. &agrav; the State thanks to his vehicle. If the best-known system is that of mileage fees, there is another from which thousands of motorists will be able to benefit.

For several years, the trend has been towards the design and sale of new cars that consume less fuel, or even completely created to drive without using the slightest drop of diesel or unleaded. A new recipe thanks to à a source of energy that is on the rise: electricity. Electric cars are booming in France, to the point that the number of purchases has soared. by 37% in 2023, with 1.5 million vehicles of this type sold worldwide. across the country.

But who says electric car, says battery and says, thus, recharging. For this, specific terminals are increasingly installed in parking spaces, in car parks but also at service stations. But it is also possible to have one installed at home. The operation has a cost: between 500 and 2500 euros. A check whose amount can be reduced.

In fact, the tax authorities offer 300 euros tax reduction for the installation of a charging station &agrav; his home. More precisely, the amount corresponds to 75% of the total expenditure, but cannot exceed 300 euros. However, taking into account the cost of a terminal of this type, the reduction is, in the vast majority cases, 300 euros.

If, between January 1 and December 31, 2023, you had one installed, don't forget to mention it in your income tax return. To do this, you must follow the following steps when filling out the form. At the beginning of your declaration, when the page "Select the sections below that you wish to appear", you must check the box: "Tax Reductions and Credits: Donations, Childcare Fees, Jobs & home, union dues, compensatory benefits, etc.".

After having clicked several times on "Next", the "Your charges" appears. Here, you must enter, in box 7ZQ (if this concerns your main residence) or 7ZS (if this concerns your secondary residence), the amount entered on your invoice. The calculation, then the reduction, then apply automatically. At the end of your statement, on the "Summaryé of your declaration, you will be able to check that it has been correctly submitted. taken into account by clicking on "Consult the calculation details", & the "Tax Reductions" line.

The tax reduction applies for one terminal per person and per house. In the case of a joint declaration, two terminals can be installed per home and the reduction therefore goes from 300 to 100%. 600 euros. According to a count kept by Enedis, 317, 272 people have installed a charging station for their electric car at home their home in 2023.

Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116

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