Julieta is one of the people for whom filing the annual tax return does not generate enthusiasm, she is one of the taxpayers who, because she is an employee and does work independently, must comply with this tax obligation and the result could be a balance in charge.
In other words, she will not have a tax refund, on the contrary, she will have to pay the treasury.
The tax calculation rate for physical persons is given by levels. So when a person has two employers, each one calculates it based on the salary that they grant to the worker, but in the annual declaration the income is added and then the tax calculation goes up and that normally results in a balance in charge, explained Norma Cruz, director of the consultancy Fiscal Autonomy for Women.
“It is very common that when you have two employers you get tax to pay and this can be reduced when personal deductions are presented, such as medical fees, school fees, etc.,” explained the accountant.
Personal deductions can save you from having a balance due in your annual statement and help you to get the result to be in your favor, that is, that the Tax Administration Service (SAT) returns money to you.
But only if you made these deductions during the fiscal year, everything you have billed during 2022 applies to this return and what you do this year will apply to the next.
If last year you did not make personal deductions and you are required to file an annual return, then you will probably have a balance against it.
Although you will not like this result, the good news is that the SAT gives you the opportunity to pay it in installments of up to six months.
If in the presentation of your declaration you obtained a balance in charge, the SAT will issue you an acknowledgment of receipt of the declaration with a capture line. If you choose to pay this amount in a single installment, you will be given a single capture line, but if you decide to pay in installments, you will be issued the capture lines and amounts of each installment to be covered. Each document will indicate the partiality number and the respective effective date.
Both the payment in a single exhibition and in installments have three payment options.
Direct payment from the SAT portal. When the payment acknowledgment is generated, the icons of the banks authorized to receive contribution payments will be displayed on the screen. If you are an electronic banking user, when you select the icon of your bank you will be directed to its portal and the payment data will be transferred to your session, thus avoiding its capture.
Payment at bank window. You can pay your balance in charge at any bank by presenting the capture line of the acknowledgment.
Internet payment. This payment can be made from your electronic banking from the option “SAT referenced payment”, in the period of validity of the capture line of the acknowledgment.
It is important to note that if you do not pay your balance in charge, it is as if you had not made the annual declaration and if you are an obligated person, the fines for failing to comply with this tax obligation range from 1,400 pesos to 17,000 pesos, detailed Norma Cruz.
How do you know if you have a balance in charge?
If you have doubts about the result of your annual declaration, you can review how it could go within the annual declaration simulator available on the SAT page, which you can enter with your RFC and password or e.firma.
Mortgage
What can you deduct in your annual statement?
In the annual declaration, only the real interest paid throughout the fiscal year can be deducted, and for this, it is necessary to request a “proof of real interest” from the credit institution. In case you want to make the previous years effective, you can resort to presenting complementary declarations.
During April, individuals must submit their annual tax return, just as some expenses related to health or education can be deducted, it is possible to deduct the interest earned on your mortgage loan.
Mortgage loans are part of personal deductions, that is, expenses that are not related to the activity carried out by the taxpayer.
When making the deduction of the interest of a mortgage loan, it is necessary that the loan be granted for this purpose, therefore, if the financing was obtained through a personal loan or cards, it does not lend itself to the deduction, in addition the Credit must not exceed 750,000 investment units (UDIs), equivalent to 4.5 million pesos. (Drafting)
