Income Tax 2024: dependents and cryptocurrencies; g1 answers 10 questions from readers

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New g1 series answers questions sent through the question box on social media. Home stamp income tax 2024 arte/g1 As a service, g1 will answer weekly 10 questions sent by readers about Income Tax 2024. The submission will be carried out via social media, and an expert will bring the answers in a report published on Sundays . This week, Antonio Gil, tax partner at EY, responds about declaring dependents, real estate funds and cryptocurrencies. See below which questions will be answered. Son dependent on his father on IR, but the health plan is linked to his mother. Can the mother deduct the expense? Will anyone who has already paid ITCMD on donated amounts have to pay again, or pay something more? Why do I always have to pay and never receive a refund? Does anyone who earns R$3,000 have to declare it, even if they are self-employed? Can someone who has had cancer be exempt? How to proceed? I earn R$1,500 as MEI and R$1,835 as CLT. How should I declare? I wrote off my MEI in November 2023. Do I need to declare it? Is money received from a labor lawsuit taxable? How to declare? When can I check if I am in the 1st batch of refund? How to declare real estate funds and cryptocurrencies? MORE , but the health plan is linked to the mother. Can the mother deduct the expense? Health plan expenses are deductible on the declaration in which the beneficiary is a dependent. In this case, even though the mother financially supports the expense of her son’s plan, it is in the father’s declaration, in which he is a dependent, that the expense is reported. 2. Will anyone who has already paid ITCMD on donated amounts have to pay again, or pay anything more? For the Income Tax declaration, whoever donates must inform the value of the donation, including the name and CPF of the donee (to whom he donated) in the Donations form (code 80 or 81). Whoever received it (donee) must inform the amount in the Exempt and Non-Taxable Income form under code 14, including the name and CPF of the donor. ITCMD is a state tax on donations, but for the purposes of declaring Income Tax it is exempt income. 3. Why do I always have to pay and never receive a refund? There is more than one justification for this, but it normally occurs in cases of having more than one source of income, where each of them makes use of the monthly progressive table to withhold Income Tax Withheld at Source (IRRF). Therefore, the table discounts are used more than once a month (each paying source uses the table discount when calculating the monthly IR). In the declaration, this is adjusted, often generating tax payable. Note that the result “Tax payable” means that you had more money available throughout the year, which may have been advantageous. In other words, having a “Tax payable” result does not necessarily mean something negative. 4. Does anyone who earns R$3,000 have to declare it, even if they are self-employed? Anyone who received income from work, whether salaried or non-salaried (self-employed, for example), received taxable income, and if the total is above the limit of R$30,639.90 (this is your case), they need to declare it. 5. Can someone who has had cancer be exempt? How to proceed? Retirement, pension or pension income received by people with: active tuberculosis are exempt from tax; mental alienation; multiple sclerosis; malignant neoplasm; blindness (including monocular); leprosy; irreversible and disabling paralysis; severe heart disease; Parkinson’s disease; ankylosing spondyloarthrosis; severe nephropathy; advanced stages of Paget’s disease (osteitis deformans); radiation contamination; acquired immunodeficiency syndrome (AIDS); severe liver disease and cystic fibrosis (mucoviscidosis). For the exemption to be accepted, it is necessary to prove the illness through an expert report issued by the official medical service of the Union, the states, the Federal District and the municipalities. 6. I earn R$1,500 as MEI and R$1,835 as CLT. How should I declare? As not all income received by MEI is taxable (depending on the activity, a certain percentage is exempt – SEE HERE), you may not be required to declare. At least for this requirement, but there may be others that force you to declare. (see the complete list below) As for taxable income from work, you will therefore need to add the amount received annually as CLT to the value of the annual taxable portion as MEI, and check if it exceeds R$30,639.90. If you have exceeded it, you will need to declare it. 7. I wrote off my MEI in November 2023. Do I need to declare it? The fact of being MEI or not is not a mandatory factor to declare, you need to check the list at the end of the report. There is also the MEI declaration, called the Annual Declaration of Simples Nacional (Dasn-Simei). This declaration must be made once a year, by May 31st. The declaration does not entail any additional charges because the tax is paid monthly in the Simples Nacional Collection Document (DAS), but it is mandatory. FIND OUT EVERYTHING HERE. 8. Is money received from a labor lawsuit taxable? How to declare? The amounts received may or may not be taxable in nature, and therefore you need to check through the court decision whether the amounts received were of one nature or another, or which part of what you received was taxable and which part was exempt/non-taxable. If in doubt, check with your lawyer. Furthermore, be careful, as such income normally has the characteristics of being “Accumulated Income Received”, and there is a specific form for this in the declaration. Taxable income appears on this form, while exempt income appears on the “Exempt Income” form (code 04 – workers’ compensation). 9. When can I find out if I am in the 1st batch of refunds? From May 31st, the first batch will be paid, which is intended for taxpayers aged 80 or over. From that date onwards, there will be batches of refunds every month, with the last batch being on September 30, 2024. 10. How to declare real estate funds and cryptocurrencies? Each of the assets has a different path. ▶️ Real estate funds The shares and description of the FII must be declared in the Assets and Rights form, at the acquisition cost. The income received (dividends) is exempt and appears in the Exempt and Non-Taxable Income form. In case of sale of shares, the calculation is subject to capital gain and the net results (positive or negative) are reported in the Variable Income – FII Operations form. ▶️ Cryptocurrencies The amount you own and the acquisition cost are shown in the Assets and Rights form, stating how much you owned on 12/31/22 and 12/31/23. If there were sales in the month that exceeded R$35,000 (sale value), the gains were subject to taxable capital gain, and you should have collected the tax throughout the year 2023 (the GCAP 23 program is used in the calculation) . It is possible to do so now, but incur interest and fines. Who is required to declare Income Tax in 2024 who received taxable income above R$30,639.90 in 2023. The amount is slightly higher than last year’s IR declaration (R$28,559.70) per account the expansion of the exemption range since May last year; taxpayers who received exempt, non-taxable or taxed income exclusively at source, the sum of which exceeded R$200,000 last year; whoever obtained, in any month of 2023, capital gain on the sale of assets or rights, subject to the incidence of tax, or carried out operations on stock, commodity, futures and similar exchanges whose sum was greater than R$40 thousand, or with calculation of net gains subject to tax; those who were exempt from tax on capital gains on the sale of residential properties, followed by the acquisition of another residential property within 180 days; who had, in 2023, gross revenue worth more than R$153,199.50 in rural activity (compared to R$142,798.50 in 2022); who had, until December 31, 2023, possession or ownership of goods or rights, including bare land, with a total value of more than R$800 thousand (compared to R$300 thousand in 2022); who became resident in Brazil in any month and was in this condition until December 31, 2023; whoever chose to declare the assets, rights and obligations held by the controlled entity, directly or indirectly, abroad as if they were held directly by the individual; Has a trust abroad; Want to update assets abroad.

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