At the start of 2025, nearly 10 million French taxpayers will soon benefit from a nice surprise on their bank account. It will, in fact, be a transfer of taxes, around January 15. On the other hand, two unpleasant surprises for the wallet some are looming for the same date. Here's everything you need to know about these taxes.
Tax credits and reductions
Every year, the tax administration makes an early reimbursement of tax credits and reductions relating to certain current expenses that taxpayers have declared. This transfer corresponds to 60% of the refundable amounts for the costs they incurred in 2023. And which they then declared in spring 2024.
The beneficiaries of this tax transfer are those who declared expenses such as:
– Childcare costs: 50% tax credit
– Home-based jobs: 50% tax credit
– Donations to associations or charities: 66% tax reduction
– Rental investments: tax reduction around 20%
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Unlike other state nudges, tax credits and reductions do not impose income conditions. Indeed, all households can benefit from it.
A little less than 10 million households will therefore receive this advance in their bank accounts this Wednesday, January 15. This concerns 9 million tax households. SO, 17 to 18 million French people, will receive what the State gives them in advance of tax credit.
How will the tax administration make this payment?
The transfer will then appear on the bank account under the following wording: “ADVANCE CREDIMPOT”. Taxpayers will then receive an official document from the tax administration in their personal space. This will then detail the amount.
The total amount that the tax center reimburses is therefore calculated on the basis of the expenses you have declared. The January down payment does not cover only 60% of the amount due. The remaining 40% will be transferred in summerafter validation of your next tax return.
The tax center will therefore issue the transfer on Wednesday January 15. However, taxpayers will have to wait one to two more days to receive the amount in their bank account due to processing times.
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The balance of the credits and tax reductions will then be calculated in the summer of 2025. And this, on the basis of the 2024 expenses that you entered in the income tax return. what you will do next spring.
Two taxes on the same date
Furthermore, two unpleasant surprises for the wallets of certain taxpayers arrive on the same date. Indeed, if you have chosen to pay your property tax or your housing tax monthly if you have a second home, then on Wednesday January 15 the DGFiP will deduct you for the first time of the year.
By how much? The amount appears on your 2024 local tax notice, as part of “notice of due dates 2025”, if you were already monthly paid.
