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Good news is rare when it comes to taxes. However, this announcement risks delighting more than one taxpayer and to lighten its cash flow a little. Within a few days, the DGFiP could make a significant payment into your account. Does this transfer concern you? How much can you expect? How to benefit from it? Find the answers in the lines that follow.
The first meeting of taxpayers
Every year, million tax households looking forward to mid-January. At this time, the tax administration pays a welcome sum to alleviate the burdens of the taxpayers concerned. This year again, it will be there. But what exactly does this payment cover?
The offer, which is not a surprise, is a valuable aid for those who benefit from a tax advantage. This is an advance corresponding to “60% of the total reductions and tax credits declared in spring 2024 for expenses incurred in 2023” as explained by the Ministry of the Economy and Finance in a press release published Wednesday January 8.
Established in 2019 after the withholding tax reform, this tax payment offers a real boost to taxpayers. What about the other 40%? They only remain paid after your tax return has been examined, generally between July and August.
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Those affected by this payment of taxes
Remember that certain specific expenses may entitle you to tax advantages. Donations to associations and investments in rental schemes allow, for example, to benefit from tax reduction. Likewise, those who have employed an employee at home or had their children looked after outside the home benefit from this aid.
This year, at least 9 million tax households will benefit from the measure on January 15. So how do you know if this measure concerns you? In principle, the DGFiP will send an email to all those concerned to notify them. Do not hesitate to check your mailbox regularly so as not to miss this essential information.
Access the tax website
The total amount of tax advances this year amounts to 5.8 billion euros, as Bercy announced in a press release. This represents a average payment of 639 euros per householdan amount that could well make the difference. However, this amount is not the same for all households. It depends on your specific tax reductions and credits.
To find out exactly the amount to which you are entitled, go to your personal space on impots.gouv.fr. A document titled “Income tax 2024 – Amount of advance reductions and tax credits” is there. It shows the amount in bold.
Steps to take to benefit from it
This is good news for taxpayers affected by the tax reductions and credits. No action is necessary to receive the advance of these tax advantages. The sum automatically arrives in the beneficiary's bank account, without them having to intervene. The transfer bears the wording “ADVANCE CREDIMPOT”.
To have
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However, what is happening if the tax authorities do not know your bank details ? In this case, payment will be made in the form of a check, sent by post. The taxpayers concerned should therefore receive this check by the end of January. They can then cash it at their bank.
