Millions of households will receive an advance on certain reductions and tax credits on Wednesday as part of the withholding tax.More than 5 billion euros will be donated to the French this Wednesday, January 15.The figure was advanced by the Minister of Action and Public Accounts, Gérald Darmanin, who, on RTL Wednesday, even mentions a total of 5.5 billion euros paid to no less than 9 million French tax households.This amount and this payment actually correspond to an advance on certain credits and certain tax reductions.
This concerns 9 million tax households, therefore potentially 17 to 18 million French people, who will receive more than 5 billion - 5.5 billion euros - that the State will give them in advance of tax credit for on average 628 euros each, ”detailed the Minister on RTL.This advance corresponds to 60% of the total amount of reductions and tax credits that households can benefit from for their expenses made in 2018 and declared in spring 2019.
concerned are mainly those relating to donations, the employment of an employee at home, childcare costs or even accommodation costs in nursing homes. It is "a cash advance for them," said Gérald Darmanin. A regularization will then take place in the summer, taking into account the tax declaration that households will complete in the spring, to either pay the balance of the tax credit due, Pay bills or recover the overpayment in January.
As part of the introduction of the withholding tax, the government has decided to Provide free money to individual and set up this advance system on tax credits so that households do not find themselves in financial embarrassment until the calculation of their rights in the middle of the year when they must gradually pay their tax from January.
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