Know the very frequent error in the IRS statement that can delay (and much) your refund

by Andrea
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IRS: Find out when reimbursement starts to be paid

From April 1, millions of taxpayers begin to deliver their IRS statements hoping to ensure greater refund. However, there are certain errors that are made in filling it directly that directly influence the value to receive. Learn in this article one of them which is very important that it has in accordance with a way to be reimbursed as quickly as possible.

Or they were

The Secretary of State for Tax Affairs, Claudia Reis Duarte, warns of the importance of taxpayers confirm or correctly indicates IBAN in the IRS statement. According to the ruler, many statements are delays in processing due to errors or omissions in this bank information.

In an interview with Lusa, Claudia Reis Duarte stresses that one of the main reasons for the delay in tax settlement is precisely the lack of attention to IBAN. “There are many statements whose processing is eventually delayed by errors or lapses in the confirmation of IBAN,” he says.

It is recommended to do it as soon as possible

This year’s IRS delivery campaign runs between April 1st and June 30th. The ruler calls for taxpayers not to leave this obligation for the last days to avoid congestion problems or eventual difficulties in online submission.

“Do not leave for the last days so that there are no constraints in delivery,” advises the Secretary of State, reinforcing the importance of a timely planning to avoid unforeseen events.

Legislative changes

This year’s version of the IRS statement has no significant changes in the form of filling. However, there were legislative changes that influence the calculation of the tax, namely within the Returning Program and IRS Young. According to Claudia Reis Duarte, these changes are already reflected in the forms, so taxpayers just need to ensure that they correctly fill in the statement and check the data before submission.

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One of the news

One of the news of this year is the possibility of consigning 1% of IRs to institutions of solidarity, cultural, religious or environmental. This measure results from the decision of the parliament to increase the percentage of consignment, doubling it in relation to previous years.

“The very relevant role that these institutions play in the economy and society deserves to be recognized,” says the secretary of state, encouraging taxpayers to make this choice when filling the statement.

Increase of taxpayers who have consigned to institutions

Last year, 1,015,864 taxpayers chose to consign a part of their tax, which resulted in a total amount of 37.4 million euros distributed to more than five thousand institutions. Compared to the previous year, there was an increase in both the number of taxpayers who chose this option and the assigned value, which in 2022 was 33.2 million euros from 920,211 statements.

IRS consignment is a simple way to support social causes at no cost to the taxpayer. The indicated amount is taken from the tax that would go to the state and forwarded to the chosen entity. In addition, this option has no impact on taxpayers’ reimbursement, and is an effective way to contribute to the well-being of the community.

Declare all income and expenses correctly

Another essential aspect is the importance of ensuring that all relevant income and expenses are correctly declared, in order to avoid divergences that may lead to lengthy corrections or proceedings by the Tax Authority, says.

IRS simulation

The possibility of simulation of IRS, available on the AT portal, is a useful tool for helping taxpayers better plan your statement and predict the impact on your budget. To guarantee a delivery without problems, it is recommended that taxpayers revisit their personal and tax data before submission, ensuring that they are up to date and correct. Thus, by fulfilling all these good practices, taxpayers will be able to avoid delays in processing their statement and ensure that they receive any refunds in the shortest possible time.

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