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The Federal Revenue announces great news for taxpayers: the release of a new batch of Income Tax refunds. This event is especially relevant now, with the end of the year approaching, bringing financial relief to many.
The Income Tax refund represents the return of amounts overpaid by taxpayers. This situation occurs when the tax actually owed, calculated in the annual return, is lower than the total paid during the year. Thus, the excess is returned to the taxpayer.
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Federal Revenue conducts the Income Tax refund process
This process, conducted by the Federal Revenue, follows a specific schedule after the annual returns are analyzed. The refund is paid in monthly batches, with priority given to elderly people, people with disabilities, and those who submitted their returns earlier.
Errors or omissions in the return may delay or even prevent the refund, so it is crucial to fill everything out correctly. Therefore, the consultation for this new batch is already available, and more than 350 thousand citizens are eligible to receive the amounts, which will be deposited soon.
How to check and receive the refund?
To find out whether you are included in this refund batch, access the Federal Revenue Service website. There, you will find the ‘Check Refund’ option. If you are entitled to it, the amount will be deposited into the account provided in your IRPF return.
This batch covers more than 760 million reais, with priority given to elderly people, people with disabilities, teachers, and those who opted to receive it via PIX. However, if the amount is not deposited into the account, it is possible to request it through Banco do Brasil within one year.
Priorities and benefits
The Federal Revenue Service establishes an order of priority for releasing the amounts. In this batch, the first to receive are taxpayers over 80, followed by those over 60, people with disabilities or serious illnesses, and teachers.
Choosing PIX as the receiving method also speeds up the process. Thus, this refund batch is an opportunity for many to better plan their finances, especially considering typical end-of-year expenses.
Image: Marcelo Camargo/Agência Brasil
