Until the end of March, there is a step that many taxpayers must take on the Nota Fiscal Paulista portal before submitting their Income Tax declaration. This involves verifying the expenses considered by the Federal Revenue Service for deduction purposes, a process that may influence the value of the refund or tax payable.
According to the Notícias ao Minuto website, until March 31st, taxpayers can check the amounts calculated by the Federal Revenue Service for income tax deduction on e-Fatura. During this period, it is also possible to inform the Tax Authorities of the entity to which you intend to allocate the IRPF, ICMS or both.
What you can check out until the end of March
During this period, each taxpayer can check the global amounts recognized for tax deductions on the e-Fatura platform. According to the consumer protection association DECO PROteste, cited by Notícias ao Minuto, this consultation takes place after the end of the period to validate the invoices associated with various categories of expenses.
These expenses include health, education, nursing home, housing, general family expenses and expenses that allow you to obtain VAT benefits. According to the same source, the values presented at this stage also include expenses that were previously not available for consultation. These include housing rent, interest on eligible housing loans, user fees and health expenses that have not been reimbursed by insurers.
How to check the amounts on the Federal Revenue portal
The query can be made through the personal area of the Federal Revenue portal. Each family member must log into their individual account to check the data associated with their respective taxpayer number.
After entering the platform, simply type the word “deductions” in the search field and select the option that allows you to consult the expenses considered for tax deductions. According to the same source, at this stage the data presented cannot be changed directly in the system. The objective is to allow taxpayers to confirm whether the values considered by the Revenue correspond to the expenses they incurred.
How to know if you have already reached the deduction limit
In e-Fatura there is a visual system that allows you to quickly understand whether the maximum deduction limits have already been reached.
According to DECO PROteste, next to each expense category there is a colored bar that indicates the degree of fulfillment of the allowed limit. If the bar is full, it means that the taxpayer has already reached the maximum deduction amount in that category.
Otherwise, it may indicate that there is still room to take advantage of tax benefits in this area. According to the same source, this indicator helps to understand how expenses incurred can influence the final IRS calculation.
What to do when the values are correct
If the values presented are correct, the taxpayer does not need to take any action at this stage. When the time comes to submit the IRS declaration, between April 1st and June 30th, these amounts will automatically be taken into account. When filling out Annex H, simply accept the automatic import of e-Fatura data.
According to the same source, in table 6C of this annex, the option that indicates that you do not wish to manually enter expenses must be selected. In this case, the amounts do not appear directly on the screen, but are automatically recorded by the Federal Revenue Service.
What to do if you find errors in expenses
If there are differences or incorrect values, there are some options to correct the situation, and it is possible to file a complaint with the Tax Authority.
However, the organization says this option should be considered, especially when small differences are at stake. According to the same source, the complaint tends to be more relevant when there are significant errors in general family expenses or benefits associated with VAT.
Another way to correct Income Tax amounts
There is also an alternative to correct values related to expenses with health, education, housing or residences. According to the publication, taxpayers can choose not to accept the automatic import of e-Fatura data when filling out their Income Tax declaration. In this case, you must select the option that allows you to manually enter the values in table 6C of Annex H.
According to the same source, when choosing this option you will have to fill in all the final amounts relating to the expenses of each family member. The IRS then only considers the values indicated directly in the declaration.
The importance of keeping proof
Whenever the taxpayer decides to change the amounts of expenses, it is essential to keep the respective receipts. According to DECO PROteste, cited by , these documents must be kept for four years.
This is the period during which the IRS can request proof of declared expenses. If it is necessary to justify changes made to the Income Tax declaration, the receipts will allow demonstrating the validity of the amounts indicated by the taxpayer.
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