millions of French people will receive money from the tax authorities

2024-01-12 16:30:00

Nine million households affected by a tax payment. This Monday, January 15, many French people will receive a transfer from the State as part of the credit advance and tax reduction system. According to the Ministry of Economy and Finance, the amount will be 634 euros on average. In total, this represents an expenditure of 5.8 billion euros for public finances, indicates the ministry in a press release. Bruno Le Maire’s services ensure that this payment “will also contribute to preserving the purchasing power of the French people concerned”.

Concretely, the tax payment scheduled for January 15 corresponds to a partial advance calculated from the total amount of reductions and tax credits declared in 2022. This advance is equal to 60% of the total amount of reductions and credits declared in spring 2023 for expenses incurred in 2022. You can find this amount on your last tax notice.

The bank transfer will be labeled “AVANCE CREDIMPOT” would like to specify the ministry, in order to avoid any possible scam or fraud. “Taxpayers for whom the tax administration is not aware of bank details (183,000 tax households) will receive this advance in the form of a check which they will receive by post by the end of January », Specifies the ministry.

In its press release, Bercy recalls that the “final amount of tax reductions and credits” will be calculated during the summer of 2024 during the next tax campaign. The regularization will take place at the same time, “taking into account the amount of the advance paid” this Monday, January 15.

If your situation has changed, beware of unpleasant surprises

This advance can be paid in a large number of situations, whether for a reduction or a tax credit. You are therefore concerned if you have made rental investment expenses, made donations to charitable causes or if you accommodate a loved one in a nursing home. At the same time, if you employ someone at home, if you have to look after one of your children under the age of six or if you pay union dues, you are also affected by this advance.

Please note, as the tax calculation is based on your 2023 declaration on expenses incurred in 2022, this payment does not take into account a possible change in situation. If you are in this situation, Taxes will ask you for the sums paid during the summer of 2024. Furthermore, if you declared these expenses – mentioned above – for the first time in your 2023 declaration, you will not be concerned by payment of the tax advance.

Moreover, to avoid the risk of fraud as much as possible, Bercy wishes to specify that “reinforced controls are carried out” by the tax administration. And this, throughout the year.