Income Tax 2024: I am an informal worker, should I declare?

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Income from informal work is also subject to IR 2024 if it exceeds R$30,639.90 in the year. Home income tax stamp 2024 art/g1 Anyone who works informally or on their own is also subject to the obligation to declare Income Tax 2024. But what are the rules? Who needs to declare? Anyone who had income from work exceeding R$30,639.90 in the year must declare their income tax. It also applies to anyone who meets the other mandatory rules imposed by the Federal Revenue Service. (see the complete list at the end of the report) ▶️ IMPORTANT: Even though the income obtained through informal work is not immediately traceable by the IRS, the assets acquired and the worker’s assets must be compatible with the income. READ MORE Find out everything about Income Tax 2024 See how to file a declaration See who is required to declare See how to download the program See the refund batch calendar Income Tax: Who must declare? If I don’t declare it, can the IRS catch me? The purchase of the most varied items and expenses with services, in general, can be tracked through the consumer’s CPF. The same goes for banking and payment services, which have access to each individual’s consumption behavior. Failure to make the declaration could cause headaches later on. If the worker fails to declare and buys a house, for example, the IRS may become suspicious. Or if you make a higher value bank transaction. After all, where did the money come from? Discrepancies in this regard may generate notification from the Tax Authorities. ❗ATTENTION: Professionals who have a formal job and who supplement their income with sporadic self-employed work also need to include this extra income in their Income Tax declaration. The IRS is able to cross-check various ancillary obligations delivered by paying and receiving sources of income, such as financial institutions, notary offices, companies, real estate agencies, hospitals and clinics, carnê-leão, among others. How to declare? The right thing to do is to collect the tax throughout the year, paying the carnet leão. Carnê-leão is a system of mandatory monthly payment of Income Tax for individuals. In general, the document is filled out by workers who do not have a formal contract and, therefore, do not contribute monthly through Income Tax Withheld at Source (IRRF), but it is also very common for those who receive a pension or are property renters. SEE HERE HOW IT WORKS. The Revenue program itself automatically calculates the tax payable. By doing this, the worker will not have to pay everything together when making the annual adjustment declaration. In the case of income received from individuals, the amounts must be listed in the form “Taxable Income Received from Individuals and Abroad”, in the column “Non-salaried work”. To fill out this form, however, the worker must have completed it before applying for the carnê-leão, through the e-CAC portal, which can be accessed through a digital certificate or gov.br digital account. ❗ATTENTION: Lion meat must be collected monthly, and expires on the last business day of the following month. In other words, if the worker has not paid the tax due, he or she will have to pay with additional fines and interest. In 2023, those who received monthly amounts lower than R$ 2,112 (limit of exemption from the monthly progressive table) were exempt from paying the tax. 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 income 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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