Lower tax: From last Saturday (February 15) to the end of April, taxpayers can settle PIT for 2024. One way to reduce tax is the resulting relief from saving on an individual retirement security account (IKZE). This is due to the fact that IKZE uses a tax preference. Payments to the account are deducted from the tax base income tax.
Return condition: This means that people saving on IKZE have a chance to get Higher tax refund or avoid the need to pay. The condition for using the relief is to make payments to the account before the end of 2024. They should be confirmed by a document that contains relevant information about the expenditure, including the payment of the payment and the recipient of the payment, as well as the title and amount of payment. Such a document may be, for example, confirmation of the transfer.
Payment limit: Pursuant to the applicable regulations, payment to IKZE may not exceed the amount of 1.2 times or, in the case of persons conducting non-agricultural activities, 1.8 times the average forecast monthly salary in the national economy for a given year. Thus, the limits in 2024 amounted to PLN 9,388.80 for people employed on the basis of an employment contract and PLN 14,083.20 for people conducting business activity.
High relief: As calculated by Dziennik Gazeta Prawna, a person employed on an employment contract, who in 2024 paid the maximum amount to IKZE, can obtain Tax refund of up to PLN 3004.42. However, self -employed people who have reached the deposit limit can count on PLN 4506.62. IKZE payments are made in the following testimonies: PIT-28, PIT-36, PIT-37 or PIT-36L. It is necessary to add to them Annex PIT/Owhich includes information about deductions.
Read also: “Here's how to increase the tax refund. There is a way to do that. How much can you gain?“.
Sources: Taxes.gov.pl, Dziennik Gazeta Prawna