Leão has just released another set of refunds, the IRRF, and some taxpayers are ready to receive a considerable amount in the account. See what they did to get this money completely legally
After the 2022 tax return deadline, the long-awaited refund moment is approaching. And some people are very lucky because they will receive a considerable amount from the IRS. There are reports of people who received a PIX of R$ 1,500 and R$ 8,700 in refunds.
This value obviously depends on your financial reality. But there are some tax benefits you can take advantage of. These are legal ways to get back some of the money you've already paid, increase your refund, or reduce the amount of tax you owe.
Here are just a few examples of deductible expenses that can help you:
- Medical expenses (whether consultations, therapy sessions, exams);
- Expenses on education (higher education and postgraduate studies);
- Alimony;
- Expenses with dependents.
Obviously there is no point in spending more on a doctor or taking a course just to increase your IR reimbursement. But if you already have to spend on these things anyway, it's a good idea to keep the receipt and organize yourself to enter these deductible expenses into the federal tax program.
But there is, indeed, an investment that is worth seeking income tax benefits. I am referring to PGBL-type private pension plans. In addition to increasing your refund for the following year, private pensions receive a discount on income tax.
This means it can generate much more long-term returns than a similar allocation to traditional mutual funds.
IRRF refund could be a '14th salary'
PGBL private pension plans allow the deduction of up to 12% from your gross taxable income. This benefit only applies to those who declare income tax in the full model. Therefore, check, above all, if this is also the case for you.
Those who enjoy this tax advantage can additionally earn up to 3.3% of their annual income in the following year. For example, if you have a gross taxable income of R$ 100,000 per year, you can recover an additional R$ 3,300 if you contribute 12% to Social Security – in this example, R$ 12,000.
