During the year, several situations can explain why the tax authorities pay you money. This Monday, January 15, 2024, the Public Treasury will pay the advance on credits and income tax reductions for millions of taxpayers. Explanations.
A transfer of DGFIP PUBLIC FINANCES in your bank account? Why now? Rest assured: this transfer is probably not an error that you will then have to repay! It is indeed the General Directorate of Public Finances (DGFiP) which returns your tax to you. What is this reimbursement for? It all depends on when he intervenes.
Monday January 15, 2024
Each year, you benefit from tax credits and reductions. However, since the reform of withholding tax at source, there remains a gap between the monthly withholding, supposed to be as close as possible to your salary or other earned income, and the tax advantages compensating your expenses.
This is why the tax authorities pay each year in mid-January an advance corresponding to 60% of what you receive each year for rental investment tax reductions, nursing homes, or home employment and childcare tax credits. Average amount of the transfer in mid-January: 624 euros in 2023. The transfer from the DGFiP Public Finances that 9 million households can anticipate bears the wording CREDITIMPORT ADVANCE.
Taxes: here is the (large) amount of the advance that the tax authorities will pay you on Monday January 15, 2024
Soon, in 2024, maybe…
Fuel bonus, or no fuel bonus, in 2024? Provided for in the finance law, the fuel allowance will not necessarily be active this year. Only if the price at the pump flirts with 2 euros per liter, or more precisely 1.95 euros. If this bonus is ever active, and you use a vehicle to go to work and were eligible for the fuel bonus of 100 euros, then a fuel allowance in the amount of 100 euros will be paid by transfer to the bank account known to the tax administration for your income tax. The wording to watch for on your bank statement for this transfer from the DGFiP: FUEL COMPENSATION.
Fuel bonus: bad news, you will only be able to receive it in the event of a price explosion
End of July or beginning of August
Your income tax withholding rate was too high, or you receive the additional credits and reductions. 12 to 13 million taxpayers have gotten into the habit of benefiting from a boost from the tax authorities in the middle of summer since the introduction of withholding tax at source.
The DGFiP has now anchored in its annual calendar the payment of the income tax overpayment, made in the summer of 2023 in two bursts: July 26 and August 2. This reimbursement corresponds either to a restitution of tax reductions or credits for certain expenses incurred (donations, home employment expenses, childcare, rental investments, etc.), or to an overpayment at source throughout the period. the previous year, due to an overestimated levy rate.
The amount thus reimbursed appears on the tax notice received most often during August. Wording: REMB INCOME TAX. The sender: DGFIP FINANCES PUBLIQUES.
Taxes: here are 3 increases and changes that await you in 2024
Other possible refunds
The Public Treasury can pay you money for other reasons and other times of the year, but the three meetings mentioned above are those which concern the most tax households. Let us cite a possible overpayment of monthly property tax, leading to a reimbursement in the fall, for example. Or a correction made by you on your income tax return, which triggers a corrective reimbursement, most often in the fall.
On the other hand, let us cite a reimbursement which took place in autumn 2022 but which will not occur again in 2024! The contribution to public broadcasting has been abolished, and the housing tax has seen its last year – with a discount – for main residences. For those who had paid the monthly TV license fee, a reimbursement of 104 euros was made on September 6, 2022. Other households were reimbursed at the beginning of October. The transfer from the DGFIP FINANCES PUBLIQUES appears with the mention REMB. EXCD. TAX. This autumn reimbursement, however, continues for a small handful of taxpayers paying monthly housing tax for secondary residences… if the DGFiP notices an overpayment.
Recurring withdrawals. As for the withdrawals made by the GENERAL DIRECTORATE OF PUBLIC FINANCES from your bank account, they can correspond to the monthly payment of the property tax, but also to the withholding at source of the income tax, or even to the payment on the scheduled due date for all other tax.