Your Generosity is Encouraged
As soon as we receive your donation, we will send you a tax receipt enabling you to claim your tax reduction.
66% of your donation amount can be deducted from your French income tax bill, with maximum savings of 20% of your taxable income. If the reduction exceeds this limit, the excess amount may be deducted over the following five years.
Wealth Tax on Real Estate Assets (IFI)
Deduct 75% of your donation amount from your French IFI tax bill, up to €50,000 (maximum donation of €66,667).
The tax receipt is the same in both cases. It is up to you to decide whether to use it to reduce your income tax bill or your IFI tax bill, since you are not allowed to receive multiple tax reductions for a single donation. You may choose to split your donation amount between the two taxes.
2023 IFI Wealth Tax Return Filing Deadlines
With the enactment of the French Finance Law of 2018, the deadlines for filing your IFI wealth tax and French income tax returns became one and the same.
The deadline for filing paper returns is May 22, 2023.
If you file online (mandatory since 2019 except for those who don’t have internet access or don’t know how to use it), the deadline depends on your place of residence:
- May 25 for French departments 1 through 19 and citizens residing abroad
- June 1 for French departments 20 through 54
- June 8 for French departments 55 through 95 and Overseas Departments and Territories.
You have until your filing deadline to make your donation. It is the date on which the American Hospital of Paris receives your gift which is taken into account.
60% of your donation amount can be deducted from your French corporate tax, with maximum savings of 0.5 per cent of company revenue. If the reduction exceeds this limit, the excess amount may be deducted over the following five years.
If you live in one of the 19 member countries of the Transnational Giving Europe network, you can make a gift to the American Hospital of Paris and benefit from tax relief in your country of residence.
- Click here to find out the name of the member organization in your country of residence.
- Send your donation to this organization, indicating that the intended recipient is the American Hospital of Paris.
- Your donation will be transferred to the American Hospital of Paris via the Fondation de France.
- We will send you a tax receipt enabling you to claim this tax reduction in your country of residence.
If you pay taxes in Luxembourg, send your donation directly to the American Hospital of Paris, which will provide you with a certificate recognized by the Luxembourg tax authorities.
In the United States
The American Hospital of Paris is authorized to issue U.S. tax receipts. As a registered 501 (c)(3), your gifts are tax deductible in the United States.
Cash gifts to the American Hospital of Paris are deductible up to 50% of a donor’s federal adjusted gross income (AGI) for the year in which the contribution is made. If cash gifts exceed that 50%, then the donor may deduct the excess over the following five years, again up to 50% of the AGI for each carry-over year.
Gifts of appreciated securities may offer even greater tax benefits than a gift of cash of equal value.
A corporation can deduct the value of property contributed up to 10% of the corporation’s adjusted taxable income for the year in which the contribution is made. If some portion of the deduction is not usable in the year of the contribution, then the corporation may carry over that unused portion for an additional five years.