How do you know when your income tax refund comes out?

The first installment of the Income Tax refund payment was paid on June 17th. Those who did not receive it in the first wave wonder when they will receive the money. The answer is, you can’t know in advance when you’ll be paid. The only information that the Revenue makes available in advance is whether the declaration has already been processed and is in the refund queue or if there is anything pending.

When the Federal Revenue system informs you that your declaration is “in the refund queue”, it only means that you will receive the payment, but it is not possible to say in which batch this will happen.

The only criterion for taxpayers who are not part of any preferential group is the order in which the Income Tax declaration is delivered, that is, whoever delivers it first, receives it first. Despite this, the Revenue does not inform how many people delivered before you, so there is no way to know your position in the queue.

elderly and disabled

One of the few criteria provided for by law for the order of payment of the refund is that of priority for taxpayers over 60 years of age. Among the elderly, those over 80 special payment preference.

In addition to the elderly, the physically and mentally disabled and people with serious illnesses such as cancer, multiple sclerosis, Parkinson’s and AIDS, they are entitled to receive before others.

teachers

Teachers are also entitled to receive payment before other taxpayers. For this, they must declare that this is their main source of income.

If you are part of any of the priority groups, but you had to fix some information in the statement after the deadline, you lose priority and will probably only receive it in the last batches.

According to Valdir Amorim, IOB tax coordinator at Sage Brasil, this happens because all declarations delivered on time have already been processed. So, when the taxpayer submits an amending statement, it is processed after the others, which makes the payment of the refund take longer.

In addition, the amount released by the government for the payment of each lot also influences the date on which the payment will be made.

Consultation on refunds to be paid opens approximately one week before the date of payment for each lot. The Federal Revenue established seven batches for payment of the 2019 Income Tax refund. Check the dates of the next batches:

• 2nd batch: 7/15/2019
• 3rd batch: 8/15/2019
• 4th batch: 9/16/2019
• 5th batch: 10/15/2019
• 6th batch: 11/18/2019

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