Build capital to help finance the acquisition, renovation, or redemption of your home!
Tax Savings
Deposits into a home savings plan are tax-deductible on your tax return, allowing you to significantly reduce your tax burden.
Deductible Amounts
The maximum deductible amounts on your tax return depend on two factors:
- The number of people in your household
- The age of the adult individuals in the household
Want to know the deductible amount in your situation?
Look at the examples below!
Some Examples!
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With a home savings plan, you can reduce your tax burden by deducting your payments on your Luxembourg tax return.
What is a home savings plan?
Home savings plan in Luxembourg is a mechanism that enables individuals to build up tax-advantaged savings with the aim of acquiring, building or renovating a home.
What is the deductible ceiling for a home savings plan?
Since 2017, the deductible amounts associated with home savings have been set according to taxpayers' age.
As a result, the ceiling has been doubled for individuals under 41, allowing a deduction of €1,344 per person in the household. For those over 41, the ceiling is set at €672, this amount also being multiplied by the number of individuals in the household.
Exemple :
A household of 4 people (2 adults under 41 and 2 children) can benefit from a deduction of €5,376, equivalent to a tax refund of up to €2,460.
How do I set up a home savings plan?
taxx.lu can help you subscribe by advising you and preparing your contracts. Please do not hesitate to contact us.