With the introduction of the withholding tax, tax reductions and credits continue to be taken into account in the calculation of income tax. They are calculated from the expenses indicated in the annual income tax return and paid with a lag year.

The advance of 60% paid in january 2024 is thus calculated on the basis of the tax reductions or credits entered in the 2022 tax return filed in spring 2023.

It affects more than 9 million households who received tax credits and reductions in 2023.

The payment of this deposit comes in January to limit the cash mismatches, unless you have reduced the amount in “Manage my withholding tax” on taxes.gouv.fr between September and December 2023.

Payment is made by transfer on the bank account whose details are mentioned in the online service “Manage my direct debit at source” on the website impots.gouv.fr. This transfer will read ‘ADVANCE CREDIMPOT’.

The balance of these tax credits (40%) will be paid out in summer 2024 based on your spring 2024 tax return, provided you have made eligible expenses for the 2023 tax credit and reduction.

To find out if you will receive this advance, visit the tax website on picture on the tax credits and reductions eligible for this advance (donations to works, union dues, employment at home, childcare expenses, expenses related to dependency, rental investments, etc.).

A document specifying the amount and the terms of payment is available in your particular space on the website impots.gouv.fr a few days before the payment of the advance.