It is possible to declare alimony on income tax? Yes, it is possible to add the deduction to your income tax return for the year 2021. It is a way to reduce your annual expenses and thus reduce the amount paid to the lion a little, thus leaving it, but take it to those who pay the pension .
The pension is a really controversial topic, many doubts are raised and people are really almost lost when it comes to adding the pension to their income tax return. It's worth remembering that you really need to declare the pension, whether you pay or receive.
It is necessary to know that the amounts paid in alimony are fully deductible, so the person receiving the pension amounts also needs to declare receipt in their income tax return, because for those who pay it is a deductible expense, however, for those who receive it is taxable income.
How to declare alimony
It is worth remembering that it is only possible to make the income tax return, if it is defined by judicial means, or even extra marital. That is, to make the statement and deduct the amount paid, the alimony needs to be filed or duly agreed by the parties.
In this case, there is a very specific form that you can find in the left column of the 2021 individual income tax program, so you need to include it in the food form. In this case, you will need to inform the CPF, name and date of birth regardless of the child's age.
It is worth remembering that the same person cannot be included as dependent and feeding. It is extremely important to understand that there are some exceptions to this rule, in this case, it only applies to the year in which the person ceased to be a dependent and ended up being classified as feeding.
Alimony 2021
It is also necessary to point out that in subsequent declarations, that is, future declarations, it will be necessary to include the person as feeding. Another exception is when there is a legal exchange of dependents, that is, children. It happens that a lot of people fall into the fine mesh, since it cannot be explained explicitly, in this case, the system ends up understanding it as an error.
In case the taxpayer falls into fine mesh, due to change of custody of the minors, or for any other error, or disagreement in the income tax declaration, it is necessary to present the documents that explain the situation. Attention to detail is required.
The income tax return and its deductions, especially in the case of alimony, have been the subject of major disagreements and often major inconveniences, having to be resolved through judicial channels, which is why the tip is to know how the whole process works.
For those who receive the pension
In this case, it is considered a taxable income, that is, the children who receive the pension amounts must be filed or at least agreed out of court. In that case, the responsible person needs to choose the best option when making their income tax return.
If the person responsible declares the children as dependents, naturally the pension will be classified as taxable income, thus increasing your tax. To make the statement in this way, you must first register your personal data.
It is worth remembering that these pension receipts need to be reported from month to month and completed in the taxable income form. Then you need to enter the "dependents" tab and put who received the pension. It is necessary to pay attention to this information, in order not to have problems with the Lion.
What are the differences between feeding and dependent?
- Dependent: Persons who may be a parent, partner or child or any person for whom the taxpayer has judicially instituted custody.
- Feeding: in this case, the feeding would be the beneficiary of the amounts paid in child support, and could be an adult or even a child. In this case, who decides the pension is the judgment itself, passing the beneficiary to a maintenance.
Who needs to pay child support
First, we need to understand that it is not always the father who needs to be obliged to pay the child support, often this obligation can be with those who do not have custody of the child. Therefore, even if the father has custody of the child, he will not have to pay child support.
It is worth remembering that when the person who has to pay the pension is unable to pay, for whatever reason, this obligation can be extended to other family members such as grandparents, for example. This turns out to be a disconcerting situation.
Finally, before making your declaration for the year 2021, you must pay attention to all the details regarding the deduction or taxable income. The tip is, pay the pension on time and follow all the procedures when making your statement. For more information, visit our apps category. Good luck!