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What are the most common examples of tax benefits automatically attributed by myTax?

Here are the most common advantages attributed by myTax. They represent only a small part of all the automatic optimisations performed by its algorithms:

  • Children: tax relief, tax bonus, single-parent credit, allowance for a child not forming part of the household, …
  • Adaptation of the interest subsidy / interest relief and/or preferential rate granted by an employer for personal loans or loans linked to the main residence
  • Revaluation of the deductibility limit for housing savings
  • Categorisation of extraordinary expenses (childcare, funerals, cures, legal fees, ...) as actual expenses or allocation of flat-rate allowances
  • Treatment of salaries received in the context of teleworking
  • Treatment of salaries received during the Covid-19 crisis and/or following post-Covid-19 provisions
  • Exemption of income not taxable in Luxembourg and treatment of foreign income taxable in Luxembourg
  • Detection of the advantage or not to be requested to assimilate to residents (for non-residents)
  • Financing costs related to the purchase/renovation of a property
  • Categorisation of depreciation, capital expenditure, repair and/or maintenance costs
  • Prorating for taxpayers who become residents or move during the year
  • Detection of deductible expenses incurred abroad
  • Rectification of tax class in case of errors in remuneration certificates
  • Deduction of actual expenses related to the professional activity
  • Increasing the deductibility limit via residual debt insurance paid in a single premium