See how the retiree makes the 2022 Income Tax declaration

INSS (National Social Security Institute) retirees obliged to declare the Income Tax 2022 should pay close attention when filling out the declaration so as not to make mistakes and fall into the fine mesh.

The deadline for rendering accounts runs from March 7 to April 29. Whoever is obliged to declare and does not send the IR pays a minimum fine of R$ 165.74, which can reach 20% of the tax due in the year.

Among the main information that must be sent to the Federal Revenue are the value of the benefit received from the Social Security, the expenses that it had in the year, especially with health, other income that exists and assets and rights. In order not to make a mistake, the main tip is to follow the INSS income report.

The first step to start filling out the declaration is to have all the necessary documents with you, especially the institute report. The IR extract was released on February 18 by the agency and can now be accessed on the Meu INSS website or app, or on the website extractir.inss.gov.br.

In 2022, there is the possibility of obtaining the extract also through Helô’s humanized chat. To have access to the document, the person must confirm their personal data with the chat attendant.

In my INSS, it is necessary to have a registration. Access is done with CPF and password. On the IR statement website, the insured must inform the benefit number, date of birth, full name and CPF number. It is possible, on any of the platforms, to save the PDF of the document.

The second step is to download the IR generator program on your computer or the Meu Imposto de Renda application, available for tablet and cell phone. The release of the program takes place this Monday (7), with a delay compared to previous years, when it used to be made available in advance.

Those who will file the declaration on the same computer used last year can import the data, which makes it easier to fill in. Retirees who have a silver or gold level gov.br account will also be able to access, through the e-CAC (Virtual Revenue Service Center), the document sent to the tax authorities last year.

This year, there is one more novelty, which is the pre-filled declaration. It will already come with data from bodies such as the INSS, medical insurance and real estate, for those who receive rental income. However, this new feature will only be available from March 15th.

Janine Goulart, a partner at KPMG, says that the retiree cannot forget to declare everything that is necessary: ​​income, assets and rights and dependents, if applicable. “He must collect all information related to income and rely on official documents. He cannot forget any income, nor information related to assets and deductions”, she says.

Valdir Amorim, IOB’s tax coordinator, says that the retiree cannot leave out of the declaration the debts with the INSS, in case he has any loan. Although the IRS rules indicate that it is only mandatory to declare debts above R$ 5,000, he recommends putting all the data in the IR.

“It is not mandatory, but it is good to inform the consignee. We recommend that the taxpayer declares everything, but it is he who decides.”

Another tip Amorim gives to INSS policyholders is, this Monday, download the IR program and then, on the 15th, if possible, try to access the pre-completed statement. “Fill it in, see the declaration. Then, with the pre-filled one, you’ll be able to access the data that will already be there, check, validate or exclude some, trying to avoid errors.”

Whoever declares in the first ones and doesn’t fall into the fine mesh receives the refund before. In the case of the elderly taxpayer, there is priority in the payment of amounts. For those under 60, however, this priority is not guaranteed by law. The refund will be paid in five batches, between May and September.

Check what to say in the declaration

For those under 65 years old

• The INSS benefit is taxable income and must be declared in the “Taxable Income Received from PJ” form; go to new and open a new sheet
• Inform the name of the paying source, which is the FRGPS (Fund of the General Social Security Regime)
• The CNPJ is 16,727,230/0001-97
• The retirement amount is in line “3 – Taxable Income, Deductions and Withholding Tax”
• State the total income received for the year and the withholding tax, if any

13th of the retiree

• The Christmas bonus is on line 5 of the INSS income report, which reads “Income Subject to Exclusive Taxation (net income)”
• When declaring retirement, under “Taxable Income”, there is a field to detail the 13th and the tax deducted from the 13th, if any

For those over 65 years old

• The retiree or pensioner aged 65 is entitled to an extra exemption from the IR from the month in which he has a birthday.
• The exemption applies only to retirement, pension or retirement income from official bodies such as the federal government, city halls, states or the Federal District.
• It is limited to BRL 24,751.74 per year, even if the insured receives more than one benefit
• The amount goes on the “Exempt and Non-Taxable Income” sheet and is on line 4 of the INSS report
• If there is taxable income, it must be declared under “Taxable Income Received from PJ”

retiree who works

• Both income from work and retirement must be reported to the tax authorities
• Open a form in “Taxable Income Received from PJ” to declare the salary and another for the benefit of the INSS, if you are under 65 years old
• If you are 65 years of age or older, the retiree is entitled to exemption up to the annual limit, but only in social security income
• He must declare these amounts, up to the limit of BRL 24,751.74 in the year, in the “Exempt and Non-Taxable Income” form.

Insured who receives retirement and pension

• For those under 65, both benefits must be declared on the “Taxable Income Received from PJ” form
• If the benefits are from the INSS, they can be declared in a single form
• Follow the INSS report, as, in general, the rents are already included in the document in the way they should be reported to the tax authorities
• In the case of those over 65, there is the right to exemption on both incomes, but only up to the limit of BRL 24,751.74 in the year
• These amounts are stated in “Exempt and Non-Taxable Income”

Benefit from other social security bodies

• If the retirement or pension is from another institution, you must open a new form in “Taxable Income Received from PJ” to declare this money

For those who received INSS arrears

• Arrears received at the INSS or in court, after granting or reviewing the benefit, must be declared in the “Accumulated Income Received” form.
• This year, there will be a novelty, which is an exclusive field to declare the interest of the shares, if any
• In the case of arrears paid by the INSS, the information will appear on line 6 of the income report
• Choose the option “Exclusive in the Source” and inform:

1. Name and CNPJ of the paying source
2. Total income received
3. Free installment for those aged 65 and over, if applicable
4. Tax withheld at source
5. Number of months to which the money refers
6. month of receipt

Base year arrears

• Anyone who applied for the benefit and waited a few months to have retirement, but received the amount accumulated within the base year of 2021 must declare it according to the INSS report.

lawyer payment

• Legal fees are stated in the “Payments made” form
• Before reporting the arrears received, deduct the payment made to the lawyer

Retired with private pension

• Anyone who receives a pension from the INSS and has private benefit income must inform the two amounts in the IR
• Declare the amounts on the “Taxable Income Received from PJ” form
• For each one, open a new form, informing CNPJ and all amounts received, according to the income report
• If you are over 65 years old, you are not entitled to the extra exemption in private retirement
• It may be that, when informing the amounts received last year from the private pension, the taxpayer has a lower refund or needs to pay IR

If you have a payroll loan from the INSS

• Anyone who took out a loan last year or already had one must declare the amounts in the “Debts and Liens” form
• It is mandatory to declare any and all loans above R$ 5,000; however, the tip is to inform any amount of payroll debt that exists
• For each loan, open a new form
• The code to be informed varies, depending on where the credit was taken
• In “Discrimination”, inform the name of the institution, CNPJ, date on which the loan was taken and the amount borrowed
• In the value fields, declare the amount paid in 2021 and the balance due on December 31
• If you had a loan before, also declare the outstanding balance on 12/31/2019

Banks provide report

• Some banks provide the “Informe de Loans e Financiamentos”, with the amounts to be filled in
• It is also possible to request the DED (Debt Evolution Statement)

Retired due to disability

• Anyone who is retired from the INSS due to disability due to a serious illness that is set out in the law and is obliged to declare the IR must inform the benefit in the form “Exempt and Non-Taxable Income”

Retiree who also has rental income

• INSS retirement must be declared on the “Taxable Income Received from PJ” form for those under 65 years of age
• The rent will go in specific forms, according to the lessee. If you rented to a legal entity, declare in “Taxable Income Received from PJ”
• If the rent was for an individual, declare it in “Taxable Income Received from Individuals / Abroad”
• Deduct the commission amount paid to the real estate agency and the IPTU and declare the remaining amounts

Expenses and assets must be declared

Anyone who has assets, such as a house or car, must put them on the Income Tax. They go in the “Assets and Rights” tab, even if they are financed. Inform the registration of the property and the Renavam (National Registry of Motor Vehicles) of the vehicle. The value to be declared is the purchase price. Except in the case of real estate and automobiles that are still financed. In this case, the amount paid so far must be declared.

Expenses with health, education and dependents, among others, guarantee a greater refund or payment of less tax. With the exception of dependents, who must be declared in their own form, the taxpayer informs his expenses in “Payments Made”, under the specific code for each expense.

One has to be very careful with medical expenses, which are champions of fine mesh. Declare only what is on the insurance income report or the amount that appears on the receipt of your medical or dentist appointment.

Medicines do not give deduction in the IR or Covid tests done in pharmacy. In the case of medicines, if they are part of the hospital bill, they may be deducted.