Tax refund 2024: what expenses can be deducted and what is the maximum amount?

Since 2017, all formal dependent workers (on the payroll, fifth category) and independent workers (issue receipts for fees, fourth category) can access a partial or total refund of the Income Tax they paidas long as they correctly support some personal expenses, explains Jorge Carrillo Acosta, professor and finance expert at Pacífico Business School.

You must keep in mind that for refunds a list of personal expenses has been established, with a maximum limit of 3 UIT, which for 2024 amounts to S/15,450. Here we tell you which personal expenses are deductible and how much could be returned to you at most.

What are the personal expenses that allow tax refunds?

Starting in 2021, personal expenses can be supported, with a limit of 3 UIT, for the following concepts:

1. 30% of the cost of formal housing rental
2. 30% of receipts for fees from independent doctors and dentists
3. 30% of any other fee receipt
4. 100% of the payment to EsSalud for domestic workers
5. 25% of consumption in restaurants, hotels, bars, canteens and similar
6. 25% of receipts or invoices for tourist services and artisan services
7. 50% of receipts for fees for tourist services and artisan services.

For the ex officio refund, which is made by crediting the account, Sunat reminds that the taxpayer must have their Interbank Account Code (CCI) registered in the system. While the refund at the request of a party occurs if you have the obligation to present your Annual Affidavit and during this procedure you determine that you have a balance in your favor. In that case, a link will be enabled to submit form 1649, which will allow you to make the refund request.

How much taxes will be returned to workers?

The amount to be returned will depend on the worker’s annual income level and the amount of expenses sustained. “There is a lot of confusion in the population, since it is believed that the personal expenses that are supported will be what Sunat returns, which does not happen in any case, since it is not a reimbursement of expenses, but a tax refund,” he says. Cheek.

For example, if a worker earns S/5,000 per month on payroll and supports expenses of S/15,450 in 2024 (maximum of 3 UIT), the amount to be returned will not be S/15,450, but S/1,728.

How much is the maximum that will be returned by 2024?

For this 2024, The maximum refund amount of labor income tax (fourth and fifth category) will be S/4,635, thanks to the increase of the ITU. However, the specialist points out that this sum would only reach that person who supports personal expenses for the maximum of 3 UIT (S/15,450) and has a minimum annual income of S/283,245 (S/20,232 per month on average on payroll). .