How to file an annual income tax return for benefits provided to people over 52?

To keep this up Allowance for citizens over 52 years of ageCertain conditions must be complied with, including the submission of an annual income statement.

This declaration is a mandatory procedure for subsidy recipients over 52 years of age. This is a request made by SEPE (State Public Employment Service). To verify that the beneficiary’s income does not exceed the threshold at which a grant is allowed subsidy. The importance of this declaration lies in ensuring that the subsidy reaches those who really need it. SEPE checks that the beneficiary’s annual income, excluding extraordinary payments, does not exceed 75% of the Minimum Interprofessional Salary.

According to SEPE, it is essential that you do not have your own income of any kind exceeding 75% of the monthly Minimum Interprofessional Salary (SMI), excluding the proportionate part of two outstanding payments. If this condition is not met on the date of the incident that caused the incident, the incentive can be benefited from if it is met and accredited within one year from this date. Additionally, this condition must be maintained throughout the period in which the subsidy is received.

It is important to note that SMI increases to 1,134 euros gross per month in 14 payments for the year 2024; This affects the subsidy application and income tax declaration for people over 52 years of age.

Income tax return procedure

Beneficiaries are required to submit to SEPE a sworn declaration of their income, which must include any income from labor, capital, capital gains, among others.

The declaration must be submitted every 12 months from the date the right commences. subsidy or since the last reboot of the same thing. SEPE sets a period of 15 days after the end of 12 months to submit this declaration.

It is very important that this statement be submitted on time each year. Failure to do so may result in suspension of the subsidy. If the beneficiary is found to have exceeded the income limit, he or she may have to repay the amount improperly received. Failure to submit annual income tax return, serious crime According to SEPE. In cases of serious violations, penalties may be imposed. cancellation of aid. It may also “lead to the loss of the right to receive any financial assistance and, where appropriate, employment incentive assistance for a period of one year and to be prohibited from participating in vocational training for employment during this period.”

How to submit annual income tax return online?

The SEPE website offers you the opportunity to submit an annual income tax return for the subsidy for people over 52 years of age. To do this, it is necessary to have an authentication and digital signature tool; Having a username and password obtained through the Cl@ve system, Digital Certificate or DNIe.

Once identified through one of these accesses, the ‘Continue’ button must be pressed after viewing the data protection information. If the information appearing as the applicant’s data is correct, click ‘Continue’. If the information filled in below is incorrect, you will need to ‘Opt Out’ and request a change by going to the relevant employment office.

You then need to check the box to declare this. income did not change Press ‘Continue’ if you have made or have made less than 75% of the Minimum Interprofessional Wage (SMI) since last notification, excluding two outstanding payments.

You then need to verify Bank dataThis will be where the subsidy will be paid. You only need to fill these in if they have changed from the previous time. Press ‘Continue’. The next step is to verify the residential address and reporting address details and click ‘Continue’. In case of any errors, you will need to abandon the process and go to an Employment Office.

Now is the time to file your annual income tax return. From this screen you can view and even download the return before filing it. To complete the process, do not forget to click on the ‘Submit annual income tax return’ button and then complete the electronic signature.

Finally, a final screen will appear where you will be informed that the transaction is correct (if it is, of course) and where you can download the receipt, resolution (if any) and additional information.