Tax: who will receive the advance of 624 euros paid on Monday?

This Monday, January 16, the tax authorities will pay an advance to 9 million households. It corresponds to 60% of the tax credits.

For many French people, taxes remain synonymous with payment . Also, they do not always have a good press with the population. However , the tax authorities will make a payment to millions of households starting Monday. The goal? Send them an advance corresponding to 60% of their tax credits . Indeed, the tax administration is not only used to collect taxes and contributions. In some cases, it can also make you money . The state uses this system to give taxpayers a boost, and promote certain expenses . On average, the average amount of this tax advance will amount to 624 euros. But are you one of those affected?

Who can collect this tax advance?

This operation is based on the income tax return you submitted in the spring of 2022 . On this occasion, you had to declare all the salaries and resources received in 2021. But you could also indicate certain expenses or donations . In this case, you are probably entitled to tax reductions and credits from the tax authorities.

For example, parents who care for their children can get a discount equal to 50% of the costs incurred. Same thing for people who use home employment (cleaning, babysitting, DIY, gardening, etc.). Besides, know that if you have children enrolled in secondary or higher education , the tax authorities can pay you 61 to 183 euros per student.

If you reside in EHPAD , know that you can also benefit from tax credits. Other gender schemes also exist for those who invest in real estate such as the Cellier law or the Duflot law .

Finally, if you have made donations to charity in 2021, and that you have declared them to the tax authorities, you will also be entitled to the tax credits paid this month.

How to manage your tax reductions?

Unless you decide otherwise, ou will receive 60% of your tax credits in January , and 40% in summer. However, you can reduce in advance by logging into your personal space on the tax website.

Furthermore, if you believe that your rights to tax deduction will go down, you can also notify the tax authorities to reduce the amount of the advance. Indeed, in the event of changes in your expenses, the tax authorities could ask you to refund the overpayment from September.

If you are one of the 9 million French people concerned, you have, a priori, no action to take. Whether Tax Administration has your bank details, you will receive the transfer of your advance from January 16 . The transaction should appear on your account details under the heading 'ADVANCE CREDIMPOT'.

Nevertheless, certain tax households have not transmitted their bank details to the tax authorities. In this case, do not panic. You should receive your advance by post, through a check letter.

Finally, if you are not entitled to Tax credits , all is not lost. The best thing to do? Analyze your charges and expenses. This way you will know if you can report certain transactions . You will then be able to benefit from tax credits in the coming years. To do this, you must absolutely report these actions on your next tax return.

Source : NEWS