As is customary every year, taxpayers must report to the Treasury, and the way to do this is through the Income Statement. Through this procedure, natural and legal persons inform the Tax Agency about their income and expenses during the previous year, either in the form of salaries, investments or other economic activities.
It must contain all the relevant information to calculate the tax. Correspondent. The submission period will begin on April 11 and end on June 30. There are many who decide to leave it for the last minute, aware that they will have to pay the treasury. But there are ways to save up to 3,500 euros when doing it.
The Income Statement can be a headache for many people. Especially because of the significant outlay that it will require us to make. When the amounts are especially high, they allow payments to be made in two installments. But when we get the final result in positive, that is to say to pay, perhaps we should rethink things and study why this has happened. One of the most interesting solutions is to look for tax deductions, such as rent, mortgage, pension plans or donations to non-profit entities.
[Campaña de la renta 2023: estos son los españoles que ahora no están obligados a declarar]
In this way it will be possible to reduce the amount to be paid to the Treasury. Another factor to assess is the need to adjust the tax withholding that is made during the year, so that in this way you do not have to pay such a high amount in the Declaration.
Take advantage of deductions for home works
The reforms that are carried out in homes with the intention of improving energy efficiency will allow you to save a lot of money for the Treasury. If throughout the year 2022 you have done any work at your home, it is important that you know that you can include it to deduct yourself in the declaration.
[¿Tengo que declarar la ayuda de 200 euros en la próxima declaración de la Renta?]
Those who own a home also have the possibility of deducting taxes. Of course, they must have acquired it before 2013. The maximum allowed is 9,040 euros per year.
Prepare the sale of shares
When you have money in shares or in a financial product, you need to know when is the best time to get rid of them. Sometimes it will be more interesting to wait a year. Everything will be conditioned by a series of factors. In the event that you decide to leave it for later, that will allow you to save some how many euros when presenting the personal income tax return.
The reduction in the transmission of the family business
A family transmission of a company can be very interesting for all parties. If you did not know, it is also something deductible in the income statement, so you can take advantage of it to save a lot of money when it comes to complying with your tax obligations with the Tax Agency.
Take advantage of making donations
Those people who have made some type of donation throughout the past fiscal year, either to a company or some type of non-profit organization, also have the possibility of deducting this expense. If you decide to declare it, you can pay less money or you will get more money back. It is a solidarity action in many cases that it will allow us to help people who need it more than us and that it will also have a certain benefit for us, as can be seen in the income statement.
Do not forget to include pension plans
There are many citizens who think about their future, about the day when retirement arrives. To be prepared for that moment, they are already making their contributions to the pension plans. In the event that you make annual contributions to this plan, do not forget to include it in the declaration, since it will help you pay less or that the return is higher.
[Estas son las nuevas personas que dejan de pagar el IRPF en 2023]
Another very different thing is what will happen to those who decide to rescue it, either in full or in installments. If so, they will have to pay a lot to the Tax Agency.
Loss of money with the sale of cryptocurrencies
Many people have decided to invest in cryptocurrencies. If you have lost money with the sale of these virtual currencies, you have the option of including it as an expense in the declaration. You will be able to compensate one thing with the other, collect Merca2.
[Estos son los pensionistas que estarán exentos de hacer la declaración de la Renta este 2023]
The same thing happens when you have bet online and you have lost that money. It can also be collected as an expense within the declaration. These are small details that usually go unnoticed by the taxpayer, but that help them pay less to the Treasury or even earn more money when making the declaration. In In some cases, up to 3,500 euros can be achieved.
If you have any kind of doubt in this regard, it is always advisable to consult with the officials of the Tax Agency or with expert advisers in the matter. We recommend that you review your accounts well and pay some attention to your draft and that you do not approve it as soon as you receive it. You always can incorporate any data that goes unnoticed by the Treasury, but that it will be of great help to obtain a greater benefit.
Remember that you can start preparing for the appointment with the tax authorities. The campaign will start on April 11.
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