Sunday , August 1 2021

Contribute a portion of your Income Tax – 11/19/2018 – Marcia Dessen

We don't always agree with the tax goals we pay, right? Wouldn't it be great if we could show the purpose of at least part of the tax coming out of our pocket? Know that it is possible, it is not much, but the movement has a very large meaning, for the donor and for the recipient.

Up to 8% of the IR (Income Tax) that we will pay in 2019, referring to 2018 calendar year, can be donated to accredited care institutions. Give a little
but worth it.

In order to realize this tax incentive, it is necessary to use a complete IR declaration model, a form that allows several pieces of law.

Donations can be made at the end of this year, or next year, in return for income tax. Institutions that are authorized to accept donations change, and limits too, because selection.
Let's go into the details.

Who is the donation?

1. Child and Youth Support Fund (Funcad);

2. Funds for Elderly Care;

3. Incentives for Culture (National Fund for Culture) or direct support for social projects and actions listed in the National Program for Support for Culture;

4. Encouragement of Audiovisual Activities (sponsorship and investment in accredited cinematographic projects
by Ancine);

5. Sports incentives (donations or sponsors in direct support for sports and sports projects that were previously approved by the Ministry
of Sport);

6. Incentives for the National Program for Support for Health Care
Deficiency (Pronas-PCD);

7. Incentives for National Aid Programs for Attention
Oncology (Pronon).


The deduction amount listed in items 1 to 5 is limited to 6% of the tax due. Each deduction listed in items 6 and 7 is limited to 1% of the tax due. Therefore, in total, it is permissible to cut up to 8% of taxes due
with donations, provided they respect the above restrictions.

Until December

Those who have the resources to donate at the end of this year can contribute more – up to 8% of taxes – and also choose who and how much to donate, according to the limits that are informed.

To estimate the amount of tax to be paid, we can use the IR concept statement, which is available on the IRS website. In the absence of a draft, examining the average tax paid in recent years also allows estimates
close to reality.

In his statement

Donations for the Child and Youth Support Fund can be made directly in the declaration, up to a limit of 3% of the tax to be paid, given, in addition to donations from items 1 to 5 above,
do not exceed the limit of 6% of the tax that must be paid.

Donations must be identified by depositing the current account of the entity with the donor CPF number. Save the receipt of the donation with the order number, your CPF, date of donation, number of donations, and calendar year
to where the donation refers.

After payment (up to 12/29), the heir will issue and send proof of tax exemption. Reimbursement of sponsors will come in the following year in the form of restitution or reduction of the amount of IR that must be paid.

Be sure to contribute even if you have a refund. If in the final calculation the amount of your statement has a refund, the value for the incentive donation will be added
for the value of your return.

The donation is good, also donation.

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