What should you expect at the start of the year in terms of payment and advance tax (Photo credits:© Kwangmoozaa – stock.adobe.com)
Advance on tax credits and reductions, first monthly payment of property tax… at the start of 2025, several important deadlines must be remembered in terms of taxation.
Do you usually use a credit or tax reduction system? Have you chosen to be paid monthly for your property tax or for your housing tax on second homes? If you are affected by one or other of these situations, the month of January 2025 will be loaded with a tax life point. What should you expect at the start of the year in terms of tax payments and advances? Dates to remember.
A welcome transfer for more than 9 million tax households
Withholding tax has made it possible to take into account changes in the situation and income level of households much more quickly. However, this system still has some imperfections. Tax benefits linked to credits and tax reductions, in particular, are only taken into account once a year. To correct this defect, the tax administration therefore pays an advance each year.
Paid in mid-January, this deposit corresponds to 60% of the usual benefits, that is to say the amount of credits and tax reductions obtained during the previous year. An individual who benefited from 1,000 euros in tax advantages during the year 2024 will thus receive 600 euros from the General Directorate of Public Finances (DGFiP) during January 2025. A boost which concerns more than 10 million of tax households each year.
-For the moment, the exact date of payment of the deposit on the tax credits and reductions is not precisely known. Affected households should receive information during the week of January 13 to find out more. In 2022, on average, the amount of the advance relating to childcare costs was 370 euros, 633 euros for home employment, 132 euros for donations to charities or people in difficulty, or another 2,380 euros as part of a rental investment.
Two payments coming mid-January for property tax and housing tax
Do you own real estate? In this case, you are concerned by the payment of property tax. Many households choose to pay it monthly, in which case the first installment is due on January 15, 2025. And if you are also liable for housing tax on second homes, and you have opted for its monthly payment, a second installment, on the same date, must be paid to the tax administration.
To find out the amount of the levy made by the General Directorate of Public Finances, simply refer to your local tax notice for 2024. The “2025 due date notice” section indicates the amount of the monthly payment which will be deducted directly in your bank account on January 15, provided that you have already received monthly payments. As a reminder, in 2023, the property tax had reached 1,019 euros on average for a house, and 811 euros for an apartment.
Good to know
: at the end of 2024, only a special law has been adopted. Result ? The income tax scale is currently blocked, and has not been indexed to inflation. We will have to wait to see if a compromise is found by the government and Parliament in favor of indexation.
