With two payers in the Income statement it always comes out positive, that is, it is time to pay. It is one of the most heard phrases every year when talking about rendering accounts with the Tax Agency, but it is not entirely true. The weeks in which to prepare everything begin so that the taxpayer shows the Treasury how much personal income tax has been paid and if it is considered that he has paid more, the difference is returned, but if he has paid less, he will have to contribute what is missing. And this is what happens when there are two payers.
Factors that arise to personal income tax in the 2022 Income statement
To find out how much personal income tax a person has to assume, a number of factors are taken into account. Not only the income received, but also the marital status (married, divorced…), dependent children, alimony. All these factors determine that one or another personal income tax figure is established.
In case of having two payers, it must be taken into account that the Tax Agency will calculate the IRPF plus the total income. With an example it is clearer: if a person earns 14,000 euros a year in one job and 25,000 euros in another, the Treasury will calculate the income tax that corresponds to pay a person who earns 35,000 euros.
How much personal income tax to pay
So, for a person to know how much IRPF they will have to pay, they have to use an IRPF calculator and estimate how much they have to withhold by earning 35,000 euros. Using this tool, it can be seen that a taxpayer with two payers who obtained a total income of 35,000 euros will have to pay 17.5% personal income tax.
Therefore, if this withholding is divided between two sales, 8.75%, which is the amount that the user with this case should pay for personal income tax on each job. Another option is to increase the income tax withholding in the job that receives more money and leave it at the minimum in the other. In this way, when the 2023 Income Tax return has to be submitted, the user will remain at a table: they will neither have to pay nor will they have to return it.
Is it possible to change the personal income tax withholding at work?
Any worker can establish what he wants to pay for personal income tax. To do so, he will have to speak with his manager to find out what procedure he must follow. Thus, a user can avoid having to pay in the income statement despite the fact that he has two payers. The key is to be clear about how much you have to pay and make sure that the IRPF is being withheld correctly in the payroll of each of the jobs.
How to claim the IRPF from the Treasury?
A taxpayer can lower the IRPF to, in this way, receive higher monthly income, but this can cause problems when the 2022 income statement is presented. “In the income statement, the Tax Agency checks if we have paid the IRPF that we It corresponds, therefore, if we pay less personal income tax than what the Treasury estimates we will have to pay. That is why it is better to make sure that we pay the appropriate personal income tax”, explains Antonio Gallardo, Banqmi expert.
With two payers is it mandatory to make the Rent?
A person will have to pay with two payers as long as their annual income exceeds 15,000 euros. Therefore, if a taxpayer does not exceed that amount, he does not have to present it.
However, you can always make the draft and if it comes out to return it, process the declaration. It is a way to receive an extra income without any kind of commitment.
Furthermore, just because the declaration is made once does not mean that it has to be done all the time. It will depend on the yields obtained during the fiscal year and if these exceed the minimum amounts established by the Tax Agency to be obliged to process the income.
