Despite the implementation of the withholding tax in 2019, the income statement remains essential. It allows the tax administration to make the final calculation of the tax payable for the year 2020, taking into account all the income and all the charges of the tax household.
If the tax payable is equal to the ongoing deductions from your income for 2020, you will not have to pay anything more this year.
If, on the contrary, the amounts withdrawn at source in 2020 were not sufficient, or if you benefited, in January, from an advance on credit and tax reduction that was too high compared to the expenses you ultimately incurred in 2020, you will have a tax balance to pay next fall. It will be taken directly from your bank account and will be added to the deductions at source made on your income (salaries, retirement pensions, etc.) for 2021.
Balance from September
If the sum to be paid is less than or equal to 300 euros, you will be deducted from the totality of the remainder due at the end of September. If it is greater than 300 euros, four withdrawals will be made from your account at the end of September, October, November and December 2021.
To make life easier for users, the “automatic declaration”, implemented for the first time in 2020, is being extended and extended to new categories of users. Some 11 million took advantage of it last year. They should be 1 million more this year.
This simplified reporting system is intended for taxpayers who were taxed in 2020 only on income already known by the tax administration (salaries and wages, pensions and annuities, income from movable capital) and who have not reported between- time of change of address, or change of family situation with the exception of a birth, an adoption, the taking in of a child of full age or the receipt of alimony.
A document summarizing the income and charges known to the tax administration is made available to them in their personal space on the site. Impots.gouv.fr. It is sent to their home by mail if they had declared their income in paper format in 2019 or 2020. Users eligible for this system need only verify the accuracy and completeness of the information presented on these documents.
Simplification for the self-employed
If this information is correct and complete, their declaration is automatically validated without intervention on their part. Clearly, they do not need to go to the income tax declaration module to electronically sign their declaration or to send back the document they have received by mail.
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