Deadline to declare IR 2020 starts today! Know what can be deducted from tax

This Monday (2) began the legal deadline for Brazilians to declare the GO 2020. We do News Report we suggest you submit your submission as soon as possible. That's because, if April 30 passes and you don't fulfill your obligation to the government, you will have to pay a fine. In this case, the amount you will have to disburse can reach 20% of the amount owed.

To make your statement, you just need to download the program made available by the Federal Revenue. It is important to mention that it is updated for the 2020 IR requirements. Therefore, there is no point in using the program you used last year. To help you find out about this year's Income Tax, we'll show you what can be deducted from your statement below. So, be sure to continue reading!

Some of the expenses that can be deducted from the IR 2020

One of the expenses that you can deduct from your IR is the expense of acupuncture sessions. However, be aware that the deduction will only happen if your therapist has a CRM (Regional Council of Medicine).

The nursing service may also be cut. However, for this to happen, it needs to be included in the hospital bill. Therefore, if you hire private nurses, be aware that their service will not be deducted. The same logic is applied in the case of social workers and massage therapists.

As for expenses incurred with doctors and hospitals, there are no exceptions to the deduction! However, be careful to keep all vouchers and receipts. It is worth mentioning that, in this case, expenses incurred by taxpayers, dependents and also alimony are included.

Medical treatments performed in other states or countries may also be deducted. For this to happen, it is necessary to prove all expenses. With regard to health plans, it is only possible to deduct the expenses of dependents and those that are paid out of the taxpayer's own pocket.

In addition, it is possible to reduce expenses with day care, pre-school, elementary, secondary and higher education (undergraduate and postgraduate), technical and professional courses. With regard to child support, they can only be deducted if there is a court decision requiring their payment.

Final considerations

That said, we hope to have clarified the main information regarding the GO 2020. Be sure to follow our website to learn more about the economy in Brazil and other countries around the world!

 

Source: wow