INCOME TAX 2022. This Thursday, July 21, the tax administration is refunding income tax. Are you concerned? We tell you everything.
[Mis à jour le 20 juillet 2022 à 15h13] The Directorate General of Public Finance will reimburse millions of taxpayers who have paid more than the amount due, the tax authorities will therefore reimburse the overpayment. The first income tax refund is scheduled for this Thursday, July 21, 2022 ! Good news for all taxpayers who had paid too much tax during the last reporting campaign. To claim it, two scenarios exist. First, the amount withheld by the tax authorities is greater than the amount of your tax. Second option, you are entitled to a refund of tax credit. Home childcare, gardening, energy transition tax credit… All these expenses can give rise to a refund tomorrow. For the tax cutsthe Denormandie, Pinel or Medelin devices are generally concerned.
How do I receive my refund? First of all, it will intervene either Thursday July 21. Second chance, the next august 2. Reimbursement is made automatically by bank transfer from the tax authorities. Check your bank account, the transfer must be denominated “INCOME TAX REMB“. For taxpayers who have never given their bank details to the tax authorities, a letter containing the check for the amount due will be sent to you by post.
Income taxes are taxes on income, profits and capital gains. They are based on the actual or presumed income of natural persons, households, companies and non-profit institutions serving households. They understand the wealth taxes (land, buildings) when these serve as a basis for estimating the income of their owners.
For the householdsthis tax essentially comprises personal income tax (IRPP), the generalized social contribution (CSG) and the contribution for the repayment of the social debt (CRDS). For the domain of companiesit is mainly theCorporation tax. Income tax is progressive, that is to say that its marginal rate increases with taxable income. The calculation of the tax is also made according to the situation and the family expenses of the taxpayer and a progressive scale fixed by income brackets. The 2019 tax rates applicable to 2018 income are staggered between 0% and 45%.
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.
The income tax refund schedule includes two dates. A first is set at Thursday, July 21, 2022the other refund will take place on August 2, 2022 said the Ministry of Economy.
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%