February 5, 2023

Great gift for anyone who declares income tax

Income Tax (IR) 2023 is about to be required and taxpayers are already worried about having to file a declaration. Usually, the Federal Revenue Service begins the period for implementing the measure in March and ends in mid-April or May.

However, for a part of Brazilians, the Income tax collection is exempt. The waiver of this requirement is usually applied to factors such as age, income, dependency, or any disease of the taxpayer. However, it is possible that there will be changes in circumstances under the new president.

Who is entitled to exemption from income tax 2023?

As mentioned, some taxpayers may benefit from Exemption from income tax. Below, check out the four main situations that warrant a waiver in income tax.

1. Severe illness exemption

Citizens need not worry about IR if they have one of the following diseases:

  • blindness.
  • mental alienation
  • Parkinson’s disease;
  • active tuberculosis
  • severe tumor (cancer or metastasis);
  • leprosy (formerly known as leprosy);
  • acquired immunodeficiency syndrome (AIDS / HIV);
  • multiple sclerosis (a comorbidity affecting motor coordination and cognition);
  • Paget’s disease (a disease of the bones).
  • Irreversible and incapacitating paralysis.
  • Thalidomide syndrome
  • cystic fibrosis;
  • acute nephropathy (a disease that attacks the kidneys);
  • Severe liver disease (a disease of the liver).
  • severe heart disease.
  • Ankylosing spondylitis.
  • Radioactive pollution.

In this case, the interested party must submit a medical report signed by a SUS specialist certifying the validity of the disease. Next, the consumer must fill out a form and submit it to Revenue. Otherwise, the exemption cannot be granted.

2. Low-income exemption

Those whose incomes are less than R$28,559.70 in 2022 are also exempt from charging fees. Income tax. In practice, this means that the taxpayer was receiving an annual income below the prescribed minimum, which guarantees that he will be exempt from paying.

3. Age Exemption

Citizens over the age of 65 who have a total retirement or pension income of up to R$24,751.74 per year can benefit from the IR exemption. However, those who receive another source of income, such as rents, for example, will need to return and collect tax.

4. Exemption from maintenance

Finally, people who are classified as dependents in some other listing can benefit from the exemption. However, it will be necessary to issue a permit to the government system in order to be able to traverse the data.

Who will contribute to the income tax for 2023?

According to the current rules, filing a return and paying tax will be required of the following audiences:

  • Taxable income received above R$28,559.70;
  • Receiving tax-exempt or non-taxable income or exclusively taxable income at source in excess of R$40,000;
  • having total annual revenue from rural activity in the amount of more than R$ 142,798.50;
  • intends to offset losses from rural activity in these or previous years with income from these or future years;
  • owned or held, on December 31 of the calendar year, goods or rights, including open land, above the limit (300,000.00 R$);
  • Capital gains obtained from the sale of taxable assets or rights;
  • elects to exempt from capital gains tax the sale of residential property, followed by the acquisition of another, within 180 days;
  • conduct operations on stock exchanges, commodities, futures and the like;
  • He became a resident of Brazil, in any month, and in this case it was on December 31 of the calendar year.

How is the 2023 income tax refund?

Income tax refund is granted according to the deductions mentioned in the declaration. Thus, the more the consumer pays, the higher the refund. For this reason, to recover income tax and increase its value, the taxpayer can:

  • Attach all documents proving expenses with doctors, dentists, pension plan, health plan, school, psychologist, etc.;
  • Add dependents, such as spouses, children, grandchildren, parents, and siblings (see Rules);
  • the amount of the expense with the payment of alimony;
  • Notification of joining a private retirement plan;
  • Avoid sending shared data.

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