The irs encourages gifts to associations by granting, in consideration, of the tax cuts. They can reach 75% of the amount given.

the generosity of The French is dull. If we are to believe a recent study by network Research and Solidarity, the are data in 2016 stagnating at the same level as in 2015, but more importantly, the number of donors decreases. They are nothing more than 5,28 million taxpayers to report donations on their tax returns, a decrease of 4%. However, the irs encourages generosity by granting tax reductions. In order to benefit from the tax reduction in 2018, the donations must be made before 31 December 2017, unless the gifts which come to reduce the tax on capital.

Donations to organizations of general interest

donations to organizations of public utility or general interest, are entitled to a tax reduction on the annual tax of 66% of the donated amounts, retained in the limit of 20% of the taxable income of the tax household. In particular, are concerned, the gifts made for the benefit of the Fondation de France, the Telethon works, philanthropic, cultural…

The organization that receives the donation to issue a receipt to the donor must be able to provide in the event of a tax inspection, so be sure to keep it!. If the donations made in a year exceed this limit, the party who has not conferred the right to the tax reduction can be made over the following five years. For example, a couple with taxable income of € 60,000 to be willing to give 15 000 euros this year. He is entitled to a tax reduction calculated on the 12 000 euros (20% of income).

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3 000 euros of donations in excess will be taken into account in the ceiling for the next year. But it will be up to each to think of the reporter.

There is no exhaustive list of these organizations but it must be a non-profit association, open to all with a social object or a management disinterested.

Donations to associations helping people in trouble

Red Cross, Restos du cœur, Secours Catholique… Since the amendment Coluche in 1989, all taxpayers can reduce the amount of their tax by supporting associations that support people in difficulty. The tax reduction is 75% of the gifts selected in the limit of 531 euros per year, or a reduction of up to 399 euros. Sums of more than 531 euros are to be added to the other donations and have been taken into account in the calculation of 20% of taxable income. Again, there is no exhaustive list of associations.

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political Donations

donations and contributions to political parties are entitled to a reduction of 66% of the data used, in the amount of 7 500 euros per person, without being able however to exceed 15 000 euros per year and per household, regardless of the number of people the component. For example, for two parents and an adult child who is attached to who wish to each give, the total of all gifts does not exceed 15 000 euros, although they are three persons composing the household. Moreover, if the money data exceeds the ceiling, the excess is not carried forward to the following years. Again, for the benefit of the tax reduction in 2018, the donations must be made before 31 December 2017.

tax Reduction on the real estate asset

The donations to recognized foundations of public utility are entitled to a reduction of IFI (tax on the real estate asset) equal to 75% of the amount of donations made by the taxpayer.

The exact list is available on the website of the government data.gouv.fr. This is to the Heritage Foundation, the national research agency, institutions of research or higher education, or art (public or private), general interest non-profit…

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This tax reduction may not exceed € 50,000 per tax year. Any surplus is not carried forward to subsequent years and if the tax reduction exceeds the tax due, the difference is not refunded.

The list of organizations to which donations can be made is more limited than for the tax on the income as the recognized associations of public utility, are excluded except as the Association for the right to economic initiative (ADIE), the entrepreneurship Network and the federation of so-called “France Initiative”.

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Accumulated possible

All of these reductions can be combined. But if a gift can open right at the same time to the reduction of the income tax and the IFIS (donation to Doctors without Borders, for example), the taxpayer must choose the solution tax-the more intéesting for him.