To find out, head to your income tax return statement . It’s available in your personal online space, under Documents . This valuable document tells you in black and white whether you have an amount to receive… or to repay.
Yes, because unfortunately, not everyone is in the same boat. If your income has increased recently and you haven’t updated your withholding tax rate, you may have to pay a balance. This also happens if you received too large a tax credit advance in January.
Overpayment or refund: what happens in each case?
- Good news : if you’re overpaid, you don’t need to do anything. The payment is automatic. Enjoy it with peace of mind!
- Less good news : if you have to pay a supplement, don’t panic. The tax authorities will automatically deduct it from your account. If the amount is less than €300, it will be paid in one lump sum. Above that, it will be spread over four installments starting in September. Reassuring!
That little extra that makes all the difference
This refund comes at just the right time to ease the holiday budget a little . Whether it’s to help make ends meet, fund a family outing, or simply boost your savings , it certainly won’t go amiss.
So, don’t hesitate to take a look at your tax area. Who knows, a pleasant surprise might already be waiting for you there!
