The end-of-year holidays have just ended and it is nice to benefit from an influx of money during the month of January, independent of your salary or retirement pension. Each year, if you have declared tax reductions and credits, you therefore receive the 60% advance from mid-January. This is calculated based on the declarations made on your 2022 income and filed in spring 2023. It is possible to benefit from it from January 15 since the transfer from the DGFIP is scheduled for this date. Here is the amount of the advance that will be paid to you on Monday January 15.
Paid since 2019, in mid-January, this advance concerns nearly 9 million households. In order to set up the process, the General Directorate of Public Finances (DGFIP) began, on Tuesday January 9, sending information emails to tax households that can benefit from it. You can consult the amount of this advance by logging into your personal space on the tax website. You can see it under the heading “Income tax 2023 – Amount of advance tax reductions and credits”.
On average, the advance offered by the Public Treasury amounts to 600 euros each year. In 2023, it was estimated at 624 euros, or the equivalent of 60% of the usual amount of credits and tax reductions for the taxpayers concerned. This sum will be present in your bank account from next week, Tuesday or Wednesday at the latest depending on banking deadlines. In all cases, the transfer will be labeled ADVANCE CREDIMPOT and will come from the DGFIP Public Finances.
Around 9 million tax households are entitled to an advance on credits and tax reductions since the entry into force of the withholding tax reform. If you have already been able to benefit from it in the past thanks to your donations to charities or a tax credit for working at home or childcare, you will logically receive this advance from mid-January.
According to the details given by the DGFIP, you will receive an advance which will depend on your expenses and charges for 2022 and not 2023. In fact, in 2023, you benefited from reductions or tax credits for your expenses incurred in 2022 and this advance corresponds to 60% of the tax benefits received in 2023.
In the list of advantages recognized for this advance, we can note the tax credit for contributions paid to unions, the tax reduction for donations to associations recognized as being of public utility or even the tax credit for expenses of care of young children.
It is also implemented within the framework of the tax credit for individual employers or for the tax reduction corresponding to expenses relating to dependency. Let’s not also forget the tax reductions linked to rental investment, which are also taken into account.