Hello, I just want to ask about the tax declaration. should i declare the money that i received around 40man from the insurance company when i got hit by a car last year?
and about my wife's work she has a cash on hand work (where they pay you by cash when you done your work on that day) she earns around 13 man yen per month. but she is on my fuyo kazouku. my problem is do i need to declare it or not?
by Cheap_Virus_5296
1 comment
>should i declare the money that i received around 40man from the insurance company when i got hit by a car last year?
No, compensation payments do not typically constitute taxable income. The only significant exception relates to people running businesses who insure themselves against certain types of losses (inventory damage, etc.). See [here](https://www.ymbt-zeirishi.com/hokenkin_kazei_hikazei/), for example.
>she earns around 13 man yen per month. but she is on my fuyo kazouku. my problem is do i need to declare it or not?
When you completed the dependents declaration you would have needed to estimate her income for 2024. If that estimate was significantly incorrect, you are required to submit a new dependents declaration with a more accurate estimate. Income of around 130,000 yen per month is too high for a spouse to be listed on a dependents declaration, so your employer needs to know about your spouse’s income situation.