Income Tax 2023: Who needs to declare? What is the discount table? clear your doubts

As the IR (Income Tax) deduction table has not been updated by the government, taxpayers who received taxable income above R$ 28,559.70 in 2022, which includes salary and retirement, will be required to send the declaration this year. example.

The Federal Revenue has not yet released the normative instruction with the rules for the declaration that will have to be sent this year, referring to the 2022 earnings. However, as the deduction limits have not been changed, they remain the same as last year, explains David Soares , specialist consultant in Income Tax at IOB.

The deadline for sending the declaration and the news of the program are usually disclosed by the agency in February.

The table used to calculate Income Tax discounts on salaries and pensions received in 2023 is also the same as last year, with a monthly exemption limit of R$ 1,903.98. Retirees and pensioners are entitled to an extra exemption limit on their social security benefits.

Under current rules, taxpayers who, in 2022*:

• Received taxable income above BRL 28,559.70, which includes salary, retirement and pension, for example

• Received exempt income, non-taxable or taxed exclusively at source (such as savings income or FGTS) above BRL 40,000

• Had capital gain (ie, profit) on the sale (transfer of ownership) of goods or rights subject to the incidence of tax; This is the case, for example, of the sale of a car with a value greater than the amount paid for the purchase.

• Was exempt from IR on capital gain on the sale of residential properties, followed by the acquisition of another residential property within 180 days

• Carried out operations on the Stock, Commodity, Futures and similar exchanges

• Had, on December 31, possession or ownership of assets or rights, including bare land, in excess of BRL 300,000

• Obtained gross revenue in rural activity in an amount greater than R$ 142,798.50

• If you want to offset losses from rural activity in 2022 or previous years

• He moved to Brazil in 2022 and was in that condition on December 31

*The IRS can change equity limits, for example, but experts say this is unlikely to happen

Amounts of Income Tax deductions

• Monthly deduction per dependent: BRL 2,275.08 (monthly amount of BRL 189.59)
• Annual spending limit for education: BRL 3,561.50
• Simplified discount annual limit (standard discount): BRL 16,754.34
• There is no value limit for duly proven health expenses
• Extra exemption quota for retirees and pensioners from 65 years old: R$ 24,751.74 in the year (R$ 22,847.76 plus R$ 1,903.98 related to the 13th salary)

gather the documentation

Companies, financial institutions and public bodies will have until February 28th to deliver the income report for 2022, but the taxpayer can now gather other documents to start organizing the IR declaration, such as receipts and bills of medical expenses and education, proof of purchase and sale of vehicles or real estate in 2022.

“The taxpayer can separate monthly fees, receipts from the dentist, medical consultation, health plan so as not to be dependent on third-party documentation. use the pre-filled statement, which eliminates a good step, as you can only check and complement the data”, says the IOB consultant.

And for the salaries received in 2023?

The values ​​in the IR table used to calculate salary deductions have been the same since April 2015 and will only change if the government makes the readjustment, one of President Luiz Inácio Lula da Silva’s (PT) campaign promises, but which tends to not be applied immediately. The Minister of Development and Social Assistance, Family and Fight against Hunger, Wellington Dias (PT) has already stated that it is a goal “for term”.

Lack of readjustment makes workers pay more

According to a study by Unafisco Nacional (National Association of Tax Auditors of the Federal Revenue of Brazil), 18 million Brazilians could be exempt from charging the IR in 2023 if the table were fully corrected for inflation since 1996. If there were full correction based on losses inflation, all taxpayers with taxable income of up to R$ 4,723.77 would be exempt, says the entity, a lag of 148.10%.