The Federal Revenue Agency has announced that the payment of the third installment of the 2024 income tax refund will take place on July 31. Consequently, thousands of Brazilian taxpayers are eagerly awaiting this refund, which constitutes an important financial relief.
In short, an income tax refund is a refund of amounts that a taxpayer has overpaid during the tax year. This occurs when deductions and rebates are greater than the tax due. The refund is paid throughout the year, according to a pre-determined schedule.
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How to check if you are in the third batch
Therefore, taxpayers can check whether they are included in the third batch of the refund simply:
- Access the Federal Revenue website: Visit Official website of the Federal Revenue;
- Consultation via My Income Tax: Access the “My Income Tax” area and use your CPF number and password to log in;
- Application: Use the Federal Revenue Application available for Appearance memory that it internal control Department.
Therefore, it is important to remember that in order to be eligible for a refund, a taxpayer must have filed a 2024 income tax return and have tax to be refunded. Priority for payments goes to seniors, people with disabilities, and taxpayers whose largest source of income is education. After these groups, payments are made based on the date the return is filed.
Income Tax Payment Schedule
Therefore, the full payment schedule for the 2024 income tax refund occurs as follows:
- First payment: May 31 (paid);
- Second payment: June 28 (paid);
- Third payment: July 31;
- Fourth payment: August 30;
- Fifth payment: September 30th.
Finally, the refund will be deposited directly into the bank account reported by the taxpayer in the income tax return. However, if the account entered is closed or incorrect, the amount will be available for refund at Banco do Brasil.
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