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How to know if you have to make the 2022 Income Statement

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In this guide we analyze all the cases in which you are obliged to file the Income Tax return and the exceptions that will free you

How to know if you have to make the 2022 Income Statement
Did you know that not everyone is required to file an Income Tax return?

We are going to explain in which cases you are obliged to make the 2022 Income Statement. We analyze What are the requirements that the Tax Agency imposes on taxpayers this year? and on what occasions you will not need to report to the administration. On the other hand, we are talking about some cases in which you are interested in presenting the declaration of the previous year, even if you are not obliged.

If you have doubts about this matter, we recommend that you stay with us. Here we solve all doubts with respect to the requirements imposed by the Treasury at the time of make the Income Statement in 2022.

In which cases the 2022 Income Statement must be submitted

In most cases, the need to file the Income Statement or not is established by some marital limits. These vary depending on the number of payers you have during each year. In the case of the year 2022, the mechanics are the same. Have you had a payer? Have you received income from various sources?

Let’s see what are the amounts of work performance that force you to do the Income 2022:

  • single payer. If you exceed 22,000 euros per year in income. This limit also applies to several payers, with secondary payers not exceeding a maximum of 1,500 euros per year.
  • Two or more payers. When you have received money from two or more different sources, you are obliged to make the declaration if it exceeds 14,000 euros. This scale is applied when the second payer and the rest add up to more than 1,500 euros per year.

In addition to the work done, there are other ways to receive income. We analyze them in this list:

  • Autonomous. All holders of an economic activity, regardless of its type, and that exceed 1,000 euros per year, are required to submit the declaration.
  • ERTE and unemployment payment. If you have received income from an ERTE or have received unemployment during the past year, you will have to declare those earnings to the Treasury.
  • minimum vital income. Those who have been collecting this benefit from the Administration have to make the Income statement.
  • Others. There are additional circumstances that force you to make the Rent during this year, such as having full returns on real estate capital or capital gains of more than 1600 euros per year. Also if you have income that exceeds 1,000 euros per year in Treasury Bills or property losses that exceed 500 euros.

Who gets rid of making the Income statement in 2022?

The above list will help you confirm whether you should present your accounts to the Treasury or not. That means that There are citizens who do not have the obligation to make the Income. Obviously, if you do not exceed the limits or your situation does not coincide with any of those mentioned in the previous section, this year you have been spared.

As with everything related to procedures, there are people who have it very easy when it comes to determining how to proceed with the Income Statement. On the contrary, there are also cases with a complex taxation. If you are within this last group, we recommend that you consult a specialist so that your statement is accurate. Otherwise, you will end up overpaying or evading taxes. And none of these situations suits you.

Why should you do the 2022 Income, even if you are not obliged?

There are cases in which, although you do not have the obligation to render accounts before the Tax Agency, Yes, you are interested in submitting the declaration. Because? Mainly, because your situation is favorable and the Administration must pay you.

These are some of the situations that could favor you:

  • If the children work and earn less than 8,000 euros, it may be beneficial to include the child in the family unit to apply the personal and family minimum reduction in joint income.
  • If one of the spouses does not work, they can benefit from the joint tax reduction without losing the personal minimum.
  • Common-law couples with children, divorced fathers or mothers and with joint custody can file a joint return with the children. The member with the most income must make the joint income.
  • If a member has a low income (less than 3,400 euros per year), they can apply the reduction for joint taxation.
  • Single-parent families with minor children who have no income can apply the reduction for joint taxation.

As we suggested in the previous section, it will be interesting for you to consult specialized advice when you think you can benefit from presenting the 2022 Income, even if you do not have any obligation.

What happens if I do not make the Income statement?

If you are obliged to file the income statement and you do not, you can be fined by the Treasury. The amount of the amount it will depend on how long you are lateif you have to pay or receive a refund or if you file the declaration of your own free will or at the request of the Treasury. It is important to make the declaration on time to avoid additional penalties.

Also, do not forget that regularizing your situation before the Administration will become a very tedious process, especially if several years have passed since you filed your last statement.



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