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When it comes to taxes, good preparation can always help. As the end of the year quickly approaches, French households must carry out some checks. This is particularly the case in relation to their tax rate for the coming year. If there are changes to be made, here are the dates when you need to do so so as not to see your taxes skyrocket in 2025 according to our colleagues at Moneyvox !
Correct the tax rate in advance
This is not new, most tax procedures can now be done online. A change that makes monitoring easier and above all avoids errors. The tax authorities also advise taxpayers to carry out regular checks on their status. For this end of the year, it will be necessary in particular check that the tax rate is the one that applies to your income. Otherwise, you can change it yourself.
It is important to know that the tax rate applies based on the taxpayer's income from the previous year. The taxes you paid in 2024 therefore depend on your income in 2023. And to prepare for the tax you will have to pay the coming year, you will need to check that the rate is not always the default if your income has experienced a change. This approach is therefore essential for those with an increase or decrease in salary, for example.
The tax rate is updated in September each year. It is therefore entirely possible that you reported the change before or after this date. This is already a first step which allows the authorities to know that there is a reassessment of your taxes.
To have
Millions of French people will pay less taxes in 2025: the only condition to respect
A new update necessary
In theory, an update to your tax rate in September should be enough. However, this step is not sufficient to ensure that you will pay the right amount in 2025. If you took the step too early, the latter will only apply until the end of 2024. And from the start of the coming year, the default rate will take over.
The tax authorities, as our colleagues at Moneyvox point out, therefore advise carrying out a new update. And this, so that the rate no longer changes next year. This verification and modification is essential so that you do not have to pay more or less than normal. Otherwise, you may also face complications in settling the tax amounts.
When should the tax rate be changed?
An interview of the General Directorate of Public Finances with Moneyvox reveals the ideal date to do the update. The latter indicate in particular that the modulation is ideal from November 23, 2024. This will allow you to pay the correct taxes for the coming year.
But the time allotted for this process is not very long! To avoid paying significant taxes in 2025, it will be necessary not to exceed December 1, 2024.
Source : Moneyvox
To have
Taxes: there are only a few days left to take this important step
