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Special expenses
Insurances, home saving contract, old-age pension contract...
Deductible limits and minimum fixed amount
What is the deductible limit for insurance and interest expenses?
Find out the deductible limit for insurance and interest expenses on your Luxembourg tax return with our detailed guide.
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What is the minimum deduction for special expenses?
Learn about the minimum deduction for special expenses on your Luxembourg tax return with our clear and concise guide.
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How is the deductible limit for outstanding balance insurance (single premium) calculated?
The deductible limit for outstanding balance insurance (single premium) is calculated as follows: €6,000 + €1,200 per child in the household an additional 8% for each year after the policyholder reaches the age of 30. Here's an example: A family of 4: The mother, aged 38, Father, aged 40 Two children They can deduct up to €24,960 in total. Explanation: Increase for the father aged 40 : 6 000€ + 2 x 1 200 € = 8 400 € 8% x 10 x €8,400 = €6,720 Increase for the 38-year-old
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Old-age pension
What is the deductible limit for old-age pension contracts?
The deductible limit for the old-age pension contract is 3,200 € per year per adult person. Kids are not taken into consideration. Old-age pension contracts are to be registered on the "Special Expenses" form under "Old-age pension".
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What is a private pension contract (111bis/111ter)?
For more information, click here: Private pension plan
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Where do I indicate my old-age pension savings?
In the "Special expenses" category, click on "Add a private pension plan".
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Insurances
Which are the tax-deductible insurances?
Discover which insurances are tax-deductible in Luxembourg with our comprehensive guide.
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Is it possible to deduct the "ACL" (Automobile Club) membership fee?
No, you cannot deduct the ACL membership fee.
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Is it possible to deduct the "Luxembourg Air Rescue" fee?
No, you cannot deduct the "Luxembourg Air Rescue" fee.
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What is an outstanding balance insurance?
An outstanding balance insurance serves as security for the payback of a real estate loan of a property for personal use. So, in order to provide for the case of death or invalidity and to not leave any liabilities to the surviving family members, it is possible to take out an outstanding balance insurance and to deduct the insurance in the tax return in Luxembourg. However, a distinction must be made between two cases: Annual payment of the outstanding balance insurance: In th
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Where should I indicate the CMCM contributions?
The CMCM contribution should indicated in the "Special expenses" form under "Insurance premiums". CMCM
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Where do I indicate insurance?
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Interest paid (consumer loans)
Are the interests paid on my credit card deductible?
Yes, the interests paid on your credit card are deductible. You can deduct them on the "Special expenses" form under "Debtor interests".
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Where should the interests paid on a consumer loan be indicated?
Interests paid on a consumer loan (e.g. for a vehicle) are to be indicated on the "Special Expenses" form under "Debtor interests"
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Can I deduct the interest paid on a student loan?
Yes, interest paid on a student loan is deductible in the same way as a consumer loan (e.g. car loan). Where should the interests paid on a consumer loan be indicated?
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Home savings
What is the deductible limit for home savings contracts?
The maximum deductible amount is set according to the age of the subscriber : from 18 to 41 years old: EUR 1,344 over the age of 41 years: EUR 672 The higher deductible amount also applies in the calendar year in which the subscriber turns 41. This amount can be increased by its own amount for: jointly taxable spouses or partners; each child for which the taxpayer obtains a tax reduction for children Here is an example for a couple without children: Under 41 years
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Home savings plan: What conditions must be respected and what are the penalties for non-respect?
The conditions Duration: The minimum duration is 10 years. Use of funds: The capital must be used for your own residence in Luxembourg or abroad for one of the 3 following options: Acquisition (building or land) Renovation or transformation Reimbursement of a real estate loan What are the consequences of not complying with the conditions? Minimum duration Conditions relating to the use of the funds T
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Can I deduct a foreign home savings plan?
Only Luxembourg home savings plan contracts can be deducted from your Luxembourg tax return. French contracts (PEL) cannot be deducted.
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What is a home savings contract?
The purpose of a home savings contract is to build up capital to help you finance the acquisition, renovation or loan repayment of your home. Payments into a home savings contract are deductible on your tax return, so you can reduce your tax burden considerably.
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Where do I indicate my home savings plan?
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Donations
Where should donations to an association be indicated?
Donations are to be indicated on the "Special Expenses" form under "Donations & liberalities". To be deductible as special expenses, the annual total of donations must be equal to or greater than 120€.
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Which donations are tax-deductible?
The official lists can be found under the following links: https://impotsdirects.public.lu/fr/az/l/liberadons/organismes-agrees.html https://impotsdirects.public.lu/fr/az/l/liberadons/ongd.html https://impotsdirects.public.lu/fr/az/l/liberadons/sis.html https://impotsdirects.public.lu/fr/az/l/liberadons/ue-aele.html
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