Hide summary
The month of December is here, and with it, key dates not to be missed to manage your income tax. If you are used to thinking about taxes mainly in the fall or spring for the annual return, know that December also plays a decisive role.
Indeed, several crucial dates punctuate the management of your taxes at the end of the year. Here are the three moments to absolutely remember to optimize your tax situation in 2024 and anticipate 2025, according to MoneyVox.
Limit for rectifying your income tax return
Do you think you made a mistake or forgot to declare certain resources in your income tax? Don't panic, there is still time to rectify this. You have until December 4 to correct your 2024 declaration. This is your opportunity to regularize the situation before the tax authorities notice it.
To do this, log in to your personal space on the tax website. Then select the option “Access the online correction” which is located in your dashboard. If you've neglected to claim a tax reduction or credit, now is the perfect time to do so.
To have
Income tax: the secrets of this 6DD box to deduct various expenses
However, a small warning: don't be too bold in your corrections. The tax administration could refuse adjustments which she would consider excessive. So be careful!
Adjustment to tax reductions and credits
December 12 is also an important date for everyone who benefits from income tax credits and reductions. In January, the tax administration will actually pay an advance on these reductions. But it may happen that this amount is higher than necessary.
If you do not wish to face too large a repayment in September 2025, you have the possibility of adjusting this advance. How to do it? Log in to your tax area, under “manage my withholding tax”. You will be able to choose to keep, waive or modify the advance planned for January.
It is therefore crucial to make a decision before December 12. Otherwise, you risk finding yourself in a situation where you have to repay too large an advance. This will allow you to better manage your income tax for the coming year.
Update your withholding rate for 2025 now
If you have updated your withholding tax rate to 2024, you should know that this rate only applies until the end of the year. From now onyou have the possibility of updating it for 2025. If you estimate that your income will change (for better or worse), consider updating your rate to avoid an unpleasant surprise.
To have
Income tax: this amount that you will pay less with the new 2025 scale
The tax authorities encourage you in particular to carry out this process from the beginning of December and finalize it before the end of the month. The faster you act, the more your current rate can be taken into account from January 2025.
So take a few minutes to check your situation and adjust your rate if necessary. This will allow you to better manage the impact of your income tax at the start of next year.
Source : MoneyVox
