At the time of making the declaration of Income Tax, it is common to arise several doubts. How to declare this, and what? How to cite a certain income? Which category should I use? The income obtained from unemployment insurance is one of the most confusing. So, let’s clarify a few key points for you to know how to declare unemployment insurance in the Income Tax and not take the risk of falling into the fine mesh. But, first of all, see if you really need to make the IR statement.
Something very important to note is that both unemployment insurance and the FGTS are income exempt from taxation. This means that a percentage of these earnings will not be discounted and that they should be included in the non-taxable income category.
How to declare unemployment insurance in income tax
But then, how to declare unemployment insurance in the Income Tax?
When completing this item in the application or declaration form, you must be informed of the value of the income. In addition, it must be written if it belongs to the holder or to the dependent, besides the name and CPF or CNPJ of the paying source. Any requested item that is not filled in may result in an error in the declaration.
Unemployment insurance should be informed on line 24 of the file dedicated to Exempt and Non-taxable Income. As soon as you open the help desk, it is important to inform the Worker Support Fund (FAT) as the paying source. Here, you can choose whether to inform the CNPJ of the institution or not. The institution’s CNPJ number is 07.526.983 / 0001-43.
The IRS offers on its website the 2019 Income Tax Calendar, with a complete schedule for completing the document.
If you have not already programmed, it is good to run. The deadline is April 30 and anyone who does not make the statement may have future problems with the Revenue and even receive a fine for the delay. If you are in the arrears group, check out our post on how to declare late income tax.
What is unemployment insurance?
Now that you already know how to declare Unemployment Insurance in Income Tax, better understand unemployment insurance.
Unemployment insurance is a cash assistance granted by the government to a worker who is relieved of his or her employment without just cause. Cases in which just cause are applied are not entitled to insurance.
The benefit is deposited in the current account by the Federal Cashier of the monthly guaranteed and originates from the fund created with the payment of PASEP or PIS (Social Integration Program (PIS)
Workers are entitled to the benefit of:
- They were fired without just cause;
- Do not receive another labor benefit simultaneously;
- Do not be owners or partners in private companies;
- Have been for at least 16 months without applying for unemployment insurance;
- For rural workers, it is necessary to have worked for at least 15 months in the last two years.
Who can apply for unemployment insurance?
Since last year, some rules have been modified to apply for unemployment insurance. For example, it is currently required that there is at least 12 consecutive months of signed work for who will apply for the benefit for the first time. If it is the second time that the worker requests the insurance, it is mandatory at least nine consecutive months of wallet signed in the last employment. If it is your third (or more) of the application, the requirement is six months of a signed contract.