Between 10 and 15 million taxpayers will see their bank accounts credited this week. A cash inflow that is always welcome, especially in the summer, before the start of the school year.
There aren’t many good surprises when it comes to money, especially in this long period of generalized inflation. So when an unexpected transfer arrives in your bank account, it’s always a small satisfaction, especially at the beginning of the summer period and the holidays that go with it.
As every year at this time, several million people will very soon receive a sum of money from the tax authorities. Indeed, following the closing of the 2023 income declaration campaign a few weeks ago, the tax administration will reimburse taxpayers whose cumulative withholding taxes from last year exceed the final amount of their tax.
According to information collected by BFM TV from the General Directorate of Public Finances (DGFiP), these refunds of overpaid income taxes would concern no less than 10 to 15 million taxpayers this year. So there is a real chance that you are among them. And when you know that the amount of this refund comes to around 840 euros on average, it is a welcome little windfall!
If you are concerned, this transfer will take the form of a transfer made directly to the bank account indicated in your Personal Space on the impots.gouv.fr website, without any additional steps on your part. The tax authorities will make the transfers in two batches, on 24 and 31 July, so all taxpayers concerned should receive the sum at the beginning of August at the latest. In all cases, the sender of the transfer will be “DGFIP FINANCES PUBLIQUES” with the wording “REMB IMPOT REVENUS”.
On the other hand, if the sum of the withholding taxes made last year is less than the final amount of your income tax, or if the advances on tax credits and reductions paid in January 2024 are greater than their final amount, you will then have to pay the difference at the end of the summer. In this case, if the missing amount is less than €300, it will be deducted in one go on September 26, 2024 from your bank account. And if it is more than €300, the payment will then be spread over four monthly installments starting on that same date.
So make sure you check your final income tax notice now, in order to set aside the necessary sum and thus avoid an unpleasant surprise when you return to school, once the holidays and summer expenses are over.