Why this tax transfer?
Every year, the tax carries out a early repayment tax credits and reductions linked to certain current expenses declared by taxpayers. This payment corresponds to 60% of reimbursable amounts for costs incurred in 2023, declared in spring 2024.
Who is affected?
The beneficiaries of this tax transfer are those having declared expenses such as:
Childcare costs (50% tax credit),
Home Jobs (50% tax credit),
Donations to associations or charities (66% tax reduction),
Rental investments (tax reduction around 20%). Unlike other aid, this system is not conditional on income. Both wealthy and modest households can benefit from it.
A concrete example
Let's take an example to illustrate: In 2023, you spent 10,000 euros in childcare costs. When you file in spring 2024, you are eligible for a tax credit of 5 000 euros (50% of costs incurred). In January 2025, you will receive a transfer of 3,000 euros (60% of 5,000 euros). THE remaining 2,000 euros will be paid to you in the summer of 2025.
When and how will the transfer be made?
The bank transfer will appear around the January 15, 2025 under the following wording: “ADVANCE CREDIMPOT”. Taxpayers will also receive a official document taxes in their personal space on impots.gouv.frdetailing the amount to be received.
To note : If no changes have been made since your last declaration, you will not have to take any action. The payment will be entirely automated.
Anticipate the remaining 40%
The total refundable amount is calculated based on your declared expenses. The January down payment only covers 60% of the amount due. THE remaining 40% will be paid in summer, after validation of your next declaration.
A welcome helping hand
Faced with a tense economic period and rising prices, this tax transfer is a significant help for millions of French people. If you are concerned, monitor your bank account and consult your tax area to verify the amount to be received.
