Are you one of the ten million taxpayers who will receive a lift from the tax authorities starting this Wednesday?

by time news

2024-07-24 05:54:12

The payments will arrive “in most cases, on July 24 or 31, 2024,” assured Bercy.

For some, this will be a good time during the holidays. The tax authorities have completed the final assessment of taxpayers’ income tax for 2023, and will begin to make transfers to those who have received a lot. This will affect more than 10 million people, starting on Wednesday, July 24.

Two situations can cause a relapse. In the first instance it concerns families who made expenses last year entitled to a reduction or tax credits – this could be, for example, donations to clubs, expenses for housework, child care or especially rental investments. « In this case, the amount refunded will be considered an advance of 60 % which may already be paid to you in January 2024 »specify the Ministry of Finance.

Leave the income

The second target is the French people whose withholding taxes last year were higher than the final tax amount. This can be the case if the income is low, if the year is marked by retirement – without notifying the tax administration – or if a couple is late to announce the birth of a child that gives them the right to an additional half -destiny. Bercy explained that compensations will occur, « in most cases, the 24th or 31st July 2024 », that taxpayers do not have to take any action and the money will be paid directly into their bank account. If management does not have bank details, it will send a check « later ».

On the other hand, if the amount of withholding tax is lower than your 2023 income tax, you will have to pay the difference to the tax authorities.

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