INCOME TAX 2022. Income tax refund is scheduled for tomorrow, Thursday July 21st. Are you concerned? We will explain everything to you.
[Mis à jour le 20 juillet 2022 à 19h29] The deadline has arrived! The first tax refund date is already tomorrow! Indeed, if the deduction at source was greater than the final amount of your tax or in the context of a refund of tax credit (work from home, childcare), you will be able to benefit from a tax refund. This reimbursement is made in a manner automatique by the Directorate General of Public Finance, no action on your part is required. A transfer denominated “INCOME TAX REMB” should appear on your bank account. If the tax authorities do not have your bank details, the amount due will be transmitted to you by mail thanks to a check sent to your home in the following weeks. Good to know, it is possible to modify your bank details via the “manage my direct debit at source” tool in your private space on the tax website. Here are the two dates on which the tax authorities are likely to reimburse you for the overpayment:
- Thursday, July 21, 2022
- Tuesday, August 2, 2022
The declaration of income makes it possible to know whether the tax deducted at source corresponds to the amount of tax due. Depending on the amounts declared, some taxpayers may benefit from a refund, others must pay a balance of income tax.
Are you eligible for a refund? This is the case if the amount withdrawn under the withholding tax in 2021 is greater than the final amount of your tax or if you are entitled to a refund of tax reductions or credits. The details of your tax calculation are shown on your tax notice. This refund will be made by transfer to your bank account. It will intervene, in most cases, either on July 21 be the August 2, 2022.
Do you think you are liable to the tax administration? Have you done your little calculations and you think you are eligible for a refund for this 2022 declarative campaign? It’s entirely possible ! Some taxpayers were pleasantly surprised to receive a refund, directly to their bank account, from the tax authorities during the summer. In detail, only two scenarios allow us to find ourselves in this situation. First, upon consultation with your tax return, the tax authorities have assessed that your source deductions were greater than the total amount of income tax for which you are liable for the tax year. The administration therefore reimburses the difference. Second option, you touch the remaining deposit of tax credit received in mid-January (example: home employment, childcare costs for a child under 6 outside the home, etc.). There is no process to do upstream, except to check your bank details.
Here is the income tax schedule that currently applies, since January 1, 2022:
- Below 10,225 euros of taxable income: 0%
- Between 10,225 euros and 26,070 euros of taxable income: 11%
- Between 26,070 euros and 74,545 euros of taxable income: 30%
- Between 74,545 euros and 160,336 euros of taxable income: 41%
- Beyond 160,336 euros of taxable income: 45%