#Tax #refund #pensioners #receive #accounts #tax #refund #calculation #tables #21.04.2024
These are the last days to settle your PIT for 2023. Annual PIT settlements for 2023 could be submitted to the tax office from February 15. The deadline for submitting declarations is Tuesday, April 30, 2024. This year, the Tax Office must also refund the overpaid tax to millions of Poles, including retirees. What exact amounts will be transferred to seniors’ accounts from the tax office? We have the calculations.
Pensioners can also count on additional money in 2024. Seniors can get additional money from the refund of overpaid tax for 2023. This is very good news for many people. This financial injection will help repair seniors’ home budgets.
In 2023, retirees could count on quite large amounts of tax refund from the tax office. This happened as a result of the reduction in tax rates from 17 to 12 percent, which was introduced by the tax reform amendment from July 2022.
And what does it look like this year? Those retirees who received their thirteenth (all seniors) and fourteenth (seniors with the lowest benefits) pension in 2024 can count on a tax refund in 2024.
The tax refund covers those seniors who: they receive a pension higher than PLN 2,500 gross. People who receive a lower pension are exempt from paying income tax, so these seniors will not receive any refund. The general rule is that the higher the salary and pension, the greater the return.
PIT must be settled by April 30. It can be done traditionally – manually, or electronically. You can also take the document to the office yourself or send it electronically. When settling PIT online, remember to manually enter the tax reliefs you are entitled to. The system does not calculate them itself. If we do not submit the PIT form to the tax office by April 30, it will be automatically accepted after this deadline. Thanks to this, the PIT will be submitted on time even without the taxpayer’s actions and we will avoid high penalties. However, it is worth settling your taxes yourself if you have tax deductions and reliefs. The PIT settled by the machine does not take this into account.
We have tax refund calculation tables for 2023. See now in our gallery:
The tax office will start refunding the overpaid tax after submitting the annual PIT settlements for 2023, and this deadline falls in 2024 on Tuesday, April 30. Seniors can count on a tax refund around the second half of 2024 (when most PIT forms are completed, submitted and accepted by the tax office).
