2020 Tax Cut: An Online Simulator to Calculate It

With the introduction of the withholding tax, the tax reduction on income collected from 2020 will be effective from January 2020 on your pay slip if you are an employee or on the amount of your deposit if you are self-employed. Tax scale The new person will automatically apply to the calculation of your levy.

Thanks to a simplified tax simulator, you can now estimate the impact of this measure.

To do this, simply indicate, with the help of the information on your tax notice:

• Your annual taxable income after deduction
• The number of shares
• Your family situation:
  
  • Single/divorced/widowed
  • Married/Past
• Your place of residence:
  
  • Metropolis
  • Guadeloupe, Martinique, Réunion
  • Guyana, Mayotte

The simulator will show you the amount of your tax before and after the decrease as well as the gain made (excluding tax credits and reductions). It will also tell you if you are staying tax-free or if you are not eligible for the measure (tax shelters taxed at more than 30% are not affected by this tax cut).

This simulation is indicative. It does not take into account the effects of certain specific situations (single parent, single parent, single parent, veteran, disability) on the family quotient ceiling, nor does it take into account the receipt of flat-rate taxed income, exempt income and certain allowances taken into account for the calculation of the reference tax income.