The balances of the bank accounts of certain French people will be put to the test at the end of 2024. A new tax deduction will take place on the accounts of certain taxpayers this Monday, November 25, 2024.
The people concerned are those who are liable for a catch-up income tax. This will be the third collection of this type this year.
It intervenes for taxpayers whose total withholding taxes for the year 2023 is lower than their tax, explains BFM RMC Conso. Those who owe an amount less than or equal to 300 euros paid at the end of September.
Taxpayers who must pay an amount greater than 300 euros
On the other hand, taxpayers who must pay an amount greater than 300 euros pay in four monthly installments: September 26, October 25, November 25 and December 27.
The tax website specifies that “the terms of reimbursement or withdrawal of the remainder to be paid are specified” on the taxpayers’ tax notice. Tax notices are posted online from July 24 to August 2 each year.
The total amount of the catch-up taken during these four monthly end-of-year payments amounts on average to 2,127 euros. In November, the average withdrawal is estimated at 532 euros, reports Capital.
Have enough money in your bank account
You must plan ahead and have a sufficient amount in your account at the time of withdrawal. Otherwise, if the direct debit from the General Directorate of Public Finances is rejected, the bank may charge fees to the account holder of around 20 euros. The bank can also impose an increase of 10% on the amount withdrawn.
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