Announced by Prime Minister Jean Castex, the revaluation of the milestone is supposed to help those who use their vehicle for their professional activity and suffer from the rise of fuels.
by
Following the announcement of the Prime Minister, the Ministry of Economy, Finance and Recovery has just announced an exceptional revaluation of 10% of the milestone “to take into account the sharp price increase Supported, in 2021, by the employees who use their vehicle to exercise their professional activity “. What is it about ? Who will be able to benefit? Explanation of text.
For the calculation of the income tax, the professional costs of the employees are automatically taken into account by means of a lump sum deduction of 10%. This deduction, capped at 12,829 euros for the costs incurred in 2021, is supposed to cover all their current professional expenses. But taxpayers can give up this deduction and ask to deduce their costs for the actual amount. In the event of an option for “actual expenses”, those who make this choice must reintegrate to their taxable income the compensation for professional costs paid by their employer.
The option for the actual expenses is exerted a posteriori when filing the income tax return. Either next May for income perceived in 2021. It is still necessary to be able to justify the reality, professional character and amount of expenses incurred. This implies having kept the proof of all its costs, the administration being likely to claim them until 31 December 2024.
This option allows those who use their personal vehicle – car, motorcycle or scooter – for professional purposes to deduct the costs relating to this use, including the expenses incurred by their domicile workplace within the limit a daily round trip. 80 kilometers per day, except in particular circumstances justifying a larger distance between home and workplace.
Three scales
To make it easier for them, the tax administration allow them to evaluate their “actual expenses” in a “lump sum” thanks to invalued milestone scales each year. Three scales are offered: one for cars, a second for motorcycles and a third for mopeds. These are these scales that will be revalued by 10% to take into account the fleece of the price of fuels in 2021.
In other words, this revaluation will only benefit the taxable households and, among them, that the employees who opt for the deduction of their actual costs, when filing their tax return from 2021 by June .
You have 24.45% of this article to be read. The rest is reserved for subscribers.