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Income Tax always raises doubts and uncertainties, especially when it comes to refunds. After all, who doesn't want to receive back part of the amounts paid throughout the year? To do so, it is essential to understand how deductible expenses work and how they can increase your refund.
The first step to ensuring a good tax refund is to be aware of your deductible expenses. This includes a range of expenses you may incur throughout the year, such as medical expenses, educational expenses, pension contributions, alimony payments and donations to qualified entities.
However, the Federal Revenue is strict about proving these expenses, and herein lies the importance of maintaining organized and consistent documentation. Keeping invoices, receipts and any type of related evidence is a requirement for these amounts to be considered in the calculation of your refund.
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Advantages of filing joint income tax returns for couples
For couples, whether in a stable union or married, filing a joint tax return can represent an opportunity to increase their tax refund. This is because, by adding income and expenses, the couple can qualify for a more favorable tax rate, in addition to being able to add the deductible expenses of both. However, it is essential to carry out simulations and calculations to check whether this option is really the most advantageous, since in some cases, filing a separate tax return may be more beneficial.
Specific deductions for self-employed workers
Self-employed professionals have particularities when declaring income tax. Income. They can deduct expenses directly related to their work activity, such as rent for work space, utility bills, and even depreciation of equipment.
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The important thing is that all these expenses are well documented and are, in fact, relevant to the work performed. Using tools such as Carnê-Leão is essential to maintain monthly control of these expenses and facilitate the declaration at the end of the fiscal year.
In short, obtaining a satisfactory Income Tax refund is a combination of organization, knowledge and strategy. Understanding the nuances of deductible expenses, maintaining impeccable documentation and choosing the type of declaration that best suits your situation are actions that lead to a positive result.
And of course, never hesitate to seek professional advice to navigate tax complexities with confidence and security.
Image: Unsplash/Kelly Sikkema
