With the IRS campaign ongoing, many taxpayers raise questions about whether or not to submit the annual income statement.
For those who were unemployed during the year 2024, there are specific rules that it is important to know, especially with regard to unemployment allowance.
Is unemployment allowance subject to IRS?
According to Social Security and in accordance with the legislation in force, the unemployment allowance is exempt from IRS.
It is a social support that does not fit any of the categories of income subject to taxation, so, by itself, does not require the delivery of the IRS declaration.
Are there exceptions? Yes, and attention to the accumulated income
However, if in the same year it received unemployment allowance has also obtained other income, such as work due to others or pensions, may have to submit the statement.
According to the Tax Authority, they must submit the annual IRS declaration of all taxpayers who:
-In the dependent work income or pensions greater than 8,500 euros annual;
-have received food pensions above 4,104 euros;
-Green receipts are issued, even on time.
In these cases, unemployment allowance remains free, but other income may require the delivery of the statement.
We recommend:
Occasional work and green receipts
If during the unemployment period it provided services and issued green receipts, it must declare these income through Annex B (Simplified Regime) or Annex C (Organized Accounting), as the case may be.
Only income obtained through green receipts will be taxed, not including the value of unemployment allowance at the tax base.
Automatic delivery and refunds
Even in cases where the delivery of the declaration is not mandatory, it may be advantageous to do so.
For example, if there was retention at the source in other income, you may be entitled to a refund.
The IRS declaration can be delivered until June 30 and is available in both traditional format (model 3) and automatic mode if the taxpayer meets the requirements for this regime.
Each case is a case
Not all beneficiaries of unemployment subsidy have to deliver IRS, but other income can change this scenario.
The best way to clarify doubts is to simulate the declaration in or resort to the support of an accountant.
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