2023-05-27 15:57:56
Stay tuned, as the calendar for filing the 2023 Income Tax is almost over. The deadline expires on the 31st of this month. Until that date, taxpayers are required to declare both their sources of income and expenses that can be deducted from the pay.
Such expenses have the potential to decrease the amount to be paid to the IRS or increase the amount to be refunded in the income tax. Therefore, we separate a list of some expenses that can be easily deducted in the statement. Follow below.
Expenses that can be deducted from income tax
Donations encouraged
Incentivized donations are those in which a certain amount of money is directed towards a project of public interest. These grants are pre-approved by the government as an eligible institution to receive this type of contribution.
Alimony
In the case of a child support declaration in the Individual Income Tax (IRPF), there are three scenarios to be considered:
- For those who pay child support, it is mandatory to declare this expense in the 2023 Income Tax, and it can be deducted from the amount payable.
- For child support recipients, if they file their own tax return, it is necessary to include the child support received as income.
- Finally, in the case of the person responsible for the alimony beneficiary, if that person is considered dependent, he/she must also include in the declaration the alimony received by the alimony beneficiary.
Education
With regard to educational expenses, there is a deduction limit of BRL 3,561.50 per individual. The deduction can be applied to payments made in various educational modalities, such as day care centers and preschools, secondary, elementary and higher education and professional education.
Health
Health-related expenses, both for the taxpayer and dependents, can be deducted from the 2023 Individual Income Tax (IRPF), without any value limit. Payments made to different types of doctors and expenses with surgical procedures, for example, are considered.
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