House and coins illustrating mortgage savings
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Publié le 04 March 2021

Deduct your mortgage savings on the tax return in Luxembourg!

With a mortgage savings contract, you can reduce your tax liability by deducting the paid contributions in your tax return in Luxembourg.
Since 2017, the maximum tax-deductible amount for mortgage savings is based on the age of the taxpayer.

In Luxembourg, the deductible amount for people under 41 years has been doubled, which allows a tax deduction of 1,344€ per person in the household. For people over 41 years, the deductible limit is 672€, which is also multiplied by the number of people living in the household.

Example:

A household of 4 people (2 adults under 41 years and 2 children) can therefore benefit from a deduction of 5,376€ which corresponds to a tax refund of up to 2,419€.


How can I know the maximum deductible amount in Luxembourg?

With taxx.lu, it's child's play! taxx.lu automatically determines the maximum deductible amount according to your personal situation.

Would you like to take out a home savings contract and save taxes?
Please contact us: help@taxx.lu

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