Certain contributions and insurance premiums may also be deducted from your total net income. These contributions and premiums are mainly paid for life, death, accidents, invalidity, sickness or civil liability insurance.
In case of the all-risk motor insurance, parts of the premiums related to theft, fire, broken glass, material damage and legal protection are not deductible. Only the parts related to civil liability and corporal damage are deductible.
In addition to the deduction ceiling of EUR 672 per person in the same household, a one-time premium for a debt balance insurance to ensure the payment of a loan granted in order to purchase the main residence is also deductible. The limit is EUR 6,000 maximum, EUR 12,000 in case of collective taxation and increased by EUR 1,200 for each of the taxpayer’s children subject to a tax allowance for children.
Figure it out: if you have the 4 fiscal products mentioned above, you can deduct more than a few thousand euros per year from your total net income! Not bad, is it?