Post by account_disabled on Mar 13, 2024 9:28:17 GMT
Although the income campaign is not yet on the horizon, the truth is that the final stretch of the year is the ideal time to act and avoid future scares and unpleasant surprises. Especially this year, in which the pandemic could affect the tax bill of taxpayers , who still have time to adjust the withholdings of the aid received to alleviate the social and economic crisis. TWO PAYERS FOR IRPF PURPOSES And among all taxpayers, it is the people who have suffered an ERTE who should pay the most attention, since they would have two payers for personal income tax purposes. Recipients of work income will not have the obligation to declare in relation to the income received in 2020 as long as it does not exceed the amount of 22,000 euros gross per year and there is only one payer. This limit will be maintained even in the event that there is more than one payer as long as they do not receive more than 1,500 euros in the year from the second and subsequent payers.
Otherwise, the limit is set at euros, regardless of the payers. In most cases, ERTE collection will not be subject to withholding due to its low amount. The Administration will be considered a second payer , so if what you pay in 2020 exceeds 1,500 euros, it will force the worker to make a declaration (if in addition the total for the AOL Email List year combined with ERTE and your company's salary exceeds 14,000 euros), since The limit would not be 22,000 euros gross per year, but would become 14,000 euros. Furthermore, in most cases the ERTE payment will not be subject to withholding due to its low amount. For example, a worker who has received income from his job of 12,000 euros and from the ERTE 3,000 euros would be obliged to declare (the limit would be 14,000 euros since the second payer pays more than 1,500 euros), and depending on his personal circumstances and relatives, the declaration could result in income, since the withholdings will have been low.
Therefore, depending on the case, there may be affected taxpayers who prefer to ask their company to increase the withholdings to be made on the December payroll to avoid having to make a disbursement when filing the declaration in April to June 2021. Be that as it may, the truth is that in most cases the collection of ERTE will not be a reason for withholding due to its low annual amount. And that for those workers with few personal and family responsibilities, the 2020 personal income tax declaration will probably help them enter. To clarify, ERTE do not increase personal income tax taxation, but rather decrease it because the total income in 2020 will be less than expected, but the amount that is not withheld in 2020 will have to be settled when submitting the next income tax return. On the other hand, the pandemic may also affect the maternity deduction of working mothers who have had their work interrupted.
Otherwise, the limit is set at euros, regardless of the payers. In most cases, ERTE collection will not be subject to withholding due to its low amount. The Administration will be considered a second payer , so if what you pay in 2020 exceeds 1,500 euros, it will force the worker to make a declaration (if in addition the total for the AOL Email List year combined with ERTE and your company's salary exceeds 14,000 euros), since The limit would not be 22,000 euros gross per year, but would become 14,000 euros. Furthermore, in most cases the ERTE payment will not be subject to withholding due to its low amount. For example, a worker who has received income from his job of 12,000 euros and from the ERTE 3,000 euros would be obliged to declare (the limit would be 14,000 euros since the second payer pays more than 1,500 euros), and depending on his personal circumstances and relatives, the declaration could result in income, since the withholdings will have been low.
Therefore, depending on the case, there may be affected taxpayers who prefer to ask their company to increase the withholdings to be made on the December payroll to avoid having to make a disbursement when filing the declaration in April to June 2021. Be that as it may, the truth is that in most cases the collection of ERTE will not be a reason for withholding due to its low annual amount. And that for those workers with few personal and family responsibilities, the 2020 personal income tax declaration will probably help them enter. To clarify, ERTE do not increase personal income tax taxation, but rather decrease it because the total income in 2020 will be less than expected, but the amount that is not withheld in 2020 will have to be settled when submitting the next income tax return. On the other hand, the pandemic may also affect the maternity deduction of working mothers who have had their work interrupted.