Next March 31 is the deadline for employees, retirees or pensioners subject to the regime of the Income Tax Report deductions for the past year.
Indeed, as every year on March 31, the deadline for employees in a relationship of dependency, retirees, pensioners and other subjects exposed to the income tax regime to report all deductions allowed by law to reduce the tax base end on which the tax will be settled. In the same application, if it has not been done yet, you can charge all the perceptions suffered for purchases abroad with a card, or purchase of savings dollars, that have suffered the perceptions of the PAIS tax or called Qatar dollar.
It is worth remembering that income tax is an annual tax, and that for employees or retirees, the employer is making a partial settlement month by month and withholding based on a projection of income and deductions (that can be uploaded monthly through the SIRADIG microsite on the AFIP page).
Taxpayers, in addition to reporting deductions for 2022, must also update the data for 2023. There are items that are reported only once at the beginning of the year, such as family burdens. In this regard, children under 18 years of age or disabled and the spouse or partner without their own income are charged from one year to the next in the system, but it is important to confirm that said family relationship is maintained so that they are computed the following year.
What expenses can be deductible
– Spouse or partner: for 2023, the value is $421,088.24.
– Children under 18 years of age: for 2023, the amount is $212,356.37
– Children disabled for work: for 2023, the amount is $424,712.74
– Domestic service: by 2023, it is up to $451,683.19
– Rentals: for 2023 it is 40% of the amount paid up to $451,683.19
– Mortgage credits: Interest on installments (single home) up to $20,000 per year.
– Life insurances (owner and dependents) of up to $42,912.24.
– Retirement insurance: up to $42,921.24
– Medical expenses and fees: up to 40% of the invoice
– Funeral expenses: amount of up to $996.23 per year for people included as dependents.
– Private health or prepaid medicine: up to 5% net profit for the year. What is paid voluntarily is taken into account, not mandatory contributions and only for dependents.
– Per diems: up to $451,683.19 per year for long-distance trips and $180,673.28 per year for short-distance trips in 2023. For this last type of travel, in 2022, the maximum limit was $101,025.94.
– Clothing and equipment
– Kindergarten: reimbursement of these expenses when the company does not have the corresponding facilities according to Law 20,744, for children up to 3 years of age. The maximum cap is $180,673.28 for 2023.
Educational expenses: the amount is up to $180,673.28 for children up to 24 years of age. For 2022, the amount was $101,025.94.
– Retirement contributionsin case they are volunteers.
– Tax on debits and credits.
– Contributions to Mutual Guarantee Societies (SGR).
Source: Ambito
