Income Tax 2023: how to make the INSS declaration

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Deadline for delivery ends on May 31. Income Tax 2023: deadline for declaration runs from March 15 to May 31. Marcos Serra/ g1 The amounts contributed and received from the National Institute of Social Security (INSS) also need to be completed in the Income Tax return. The deadline for submitting documents ends next week, on May 31. The Federal Revenue estimates that 39.5 million declarations will be submitted this year, an increase of 8.8% compared to 2022. KNOW ALL ABOUT INCOME TAX See below how to declare INSS amounts. Employees with a formal contract in 2022 The amounts withheld from INSS must be informed in the “Taxable Income Received from Legal Entities” form, in the “Official Social Security Contribution” field. These amounts were reported in the Income Report delivered by the employer. Income from individuals with Carne Leão Those who received income from individuals and collected Income Tax through the Carne Leão, must complete the form “Taxable Income Received from PF/Abroad”, in the “Official Social Security” field, in the “Carnê Leão” tab. Other information”. It is possible to deduct from the Income Tax due the total contributions paid to the INSS provided that the person has received taxable income above R$ 28,559.70 in 2022. Taxable Income Received from Legal Entity”. Only annual retirement income received up to the ceiling of R$ 22,847.76 is exempt from IR. Above this amount, INSS retirement is normally taxed. The INSS has already released the extract for declaration in the Income Tax. The document can be accessed via the Meu INSS website or app. See below how to do it: The beneficiary needs to access the Meu INSS website or app and log in with Gov.br data. In the “What do you need?” bar, just type “Income Tax Statement” and issue the document. Another option is to get the document from the bank where you receive your benefit. It is worth mentioning that, if the retiree is over 65 years old, he has the right to deduct a portion of up to R$ 1,903.98 per month from the IR calculation base, which ends up reducing the amount of tax due. This amount must be informed on the “Exempt and Non-Taxable Income” form, on line 10 – “Exempt portion of retirement income, remunerated retirement reserve and pension for declarant aged 65 or over”. Serious illnesses Some income paid by the INSS is totally exempt from income tax, such as retirement and pensions due to serious illness or accident at work. These earnings must be declared under “Pension, retirement income or retirement due to serious illness or retirement or retirement due to an accident at work.”

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