Taxes: millions of taxpayers will soon receive money from the tax authorities, who is concerned?

If the income tax return (and the projected taxes to be paid) may have been a painful ordeal to pass (and we are not talking about administrative phobia), there is perhaps a way to rejoice at having accomplished this annual declaration: now that this is done, millions of taxpayers will indeed soon receive money from the tax authorities.

And maybe this is your case. There are two scenarios to benefit from such a tax payment.

An overpayment refunded

If your tax situation changed during 2023, and your withholding rate was too high, then the tax authorities may have taken more money from you than they should have.

Following the 2024 campaign for 2023 income declarations, the tax administration has plenty to make a comparison. If you have indeed paid too much, then the taxes will return this overpayment to you on their side.

And also restitution of credits or tax reductions

Ditto if you are eligible for tax credits or reductions. If you have made donations to charities, paid union dues, used a home job, paid childcare costs or dependency-related expenses, or made rental investments, then you are concerned.

In January 2024, you should have already received an advance of 60% of the total amount due, “calculated on the basis of the reductions or tax credits shown in the 2022 tax return, filed in spring 2023”, recalls service-public .Fr.

Also, the next expected payment corresponds to the remaining 40% that you owe in taxes for these reductions and tax credits, “based on the tax return completed in spring 2024, provided that you have made expenses opening right to reduction and tax credit in 2023”.

When will we receive the payment?

If the amount depends on everyone’s declarations – this is notified on the 2024 tax declaration situation notice – it remains to be seen when this payment will take place.

Like every year, these payments are made in summer 2024as indicated in the declaration status notice that you should have received after declaring your income this year.

Generally, this payment takes place between the end of July and the beginning of August.

Last year, for example, these refunds were made between July 24 and August 2, 2023.

For the moment, taxes have not yet communicated the precise dates for 2024. According to the specialized site Everything about my financesthese payments would be provided:

• i.e. July 24
• i.e. July 31

Is there anything to be done?

If you are affected by these payments, payment is made automatically by transfer “to the bank account whose details are mentioned in the online service “Manage my withholding tax” on the impots.gouv.fr website. This transfer will be denominated “ADVANCE CREDIMPOT””, specify the taxes.

Just check now that your bank details are up to date.

To find out if you are really going to receive this payment, you can consult the tax website. A few days before this payment, you will receive in your particular space on the tax website a document specifying the amount and the payment terms.

Be careful, however, conversely, if the tax authorities realize that you have paid less tax than you should have, or if they have paid you an advance that is too large than expected, they may ask you to pay back a possible overpayment on your side. Enough to turn the good news of summer into a cold shower.

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