How to include the minimum vital income in the Income

Until June 30 there is a deadline to submit the Income Tax return. The campaign began several weeks ago and from the Ministry of Social Security they remember that, as happened last year, those who received the minimum vital income (IMV) in 2021 have the obligation to do so.

The Social Security Institute (INSS) will also do so and will send a reminder via text messages (SMS) to the mobile phones of the beneficiaries of the benefit.

This obligation, which is independent of total income, includes all members of the recipients’ cohabitation unit. To facilitate the process, the Tax Agency has enabled on its website a
specific section to help answer questions about it.

In this sense, it should be remembered that not submitting the declaration for two consecutive years will lead to the withdrawal of the benefit.

The IMV is considered an exempt income. Or what is the same, although the recipients have the obligation to present the declaration, the majority will not have to include the income through this aid.

Yes, they must do so, as income from work, those who exceed 11,862.90 euros (which is 1.5 times the IPREM). This can happen in cases where IMV beneficiaries also receive other aid for groups at risk of social exclusion. In these situations, only the amount that exceeds that limit of 11,892.60 euros must be declared and taxed.

How to file

The income tax return can be submitted electronically from the Tax Agency website, through the application for mobile devices, by phone or in person. In these last two cases, an appointment must be requested. To do it by phone you can request an appointment from May 3 and to do it in the offices the appointment period opens on May 26.

In the draft offered by the website, each member of the cohabitation unit will already be included the proportional part of the IMV that must be declared. In this case, the taxpayer will only have to confirm the declaration.

The example that the Tax Agency puts on its website is that of a person who has received 2,280.85 euros from IMV; another 7,567.40 euros for the minimum insertion income; 2,800 euros of aid from your autonomous community, and 1,200 euros of other aid. The total would amount to 13,848.25 euros, which would exceed the 1,985.35 euros exempt limit of 11,862.90 euros.

It is those 1,985.35 euros that you must include in the declaration and pay taxes on them. «In the vast majority of cases, the declaration will be very simple, without income to incorporate. In many cases, the fee will be zero (neither to enter nor to return), so that, if no other income has been obtained, the declaration boxes will appear with a zero amount, ”they explain on the website of the Ministry of Social Security .

More obligations

In addition to submitting the income tax return, IMV beneficiaries have other obligations, such as informing the administration if they change their address or any member of the cohabitation unit does, notify the death of the cohabitants or notify a trip abroad that will last more than 90 days.