This amount is nothing more than the 2022 Income Tax refund. In other words, if the citizen's salary was higher than R$ 1,903.99 last year and he submits the declaration to the Federal Treasury by the scheduled date, It is possible that you will receive this cashback in the coming months. Check out here in our article how this payment works and when the federal government will release it in 2022.
How is this government reimbursement accomplished?
The IR refund occurs because not all expenses paid by the taxpayer in the calendar year are taxed. Reimbursement is given in the form of a refund – known as government reimbursement.
There is also a way to reduce the amount of applicable tax, that is, your tax base, is to declare expenses deductible. Expenses for education, maintenance, health and dependents may be included.
The more the taxpayer deducts, the less tax he pays and the greater the government reimbursement.
When will this payment be made?
Payments for this tax refund will be made in batches. Now look at the schedule for this year:
- 1st batch: may 31st;
- 2nd batch: June 30;
- 3rd batch: July 29;
- 4th batch: August, 31;
- 5th batch: September 30th.
- The first batches have priority for admission, including the elderly, people with disabilities, serious illnesses and teachers. Starting this Tuesday, the 24th, the Federal Revenue Service is releasing the first query for a 2022 income tax refund.
