The tax administration will pay an advance this Wednesday to cover expenses linked in particular to the employment of an employee at home. 9 million households are affected, for an average amount of 639 euros.
Employment of an employee at home, donations, accommodation in nursing homes… 9 million tax households having incurred expenses entitling them to credits or tax reductions will receive a transfer from the tax authorities this Wednesday, January 15.
In total, 5.8 billion euros will be paid, or 639 euros per household on average. This boost actually corresponds to an advance of 60% of the total amount of tax reductions and credits declared in spring 2024 for expenses incurred in 2023. Please note that this advance will not be paid or its amount will be reduced if the taxpayer intervened between September and December 2024 to delete it or adjust it downwards via their particular space on the tax website.
A revaluation planned for the summer
The final amount of reductions and tax credits will be calculated from the income tax return which will be completed next spring. If expenses have remained the same from one year to the next, the remaining 40% of the reduction or tax credit will be paid in the summer. Likewise, in the event that expenses have increased, the tax authorities will recalculate, taking into account the advance already paid, the new amount of reductions and tax credits to which the taxpayer is entitled and the latter will receive the balance at mid-2025.
On the other hand, if the taxpayer has reduced his expenses, or even if he no longer has any at all, the taxpayer will have to repay part or all of the advance received.
Beneficiaries will receive the advance directly into their bank account. The transfer will be labeled “ADVANCE CREDIMPOT”. Those whose bank details are not known by the tax administration will receive a check by post by the end of January.
