2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
Not everyone knows that it is possible to return the money that was given to the state as taxes, or not to pay part of it. All working citizens can apply for this. To do this, you should receive a tax deduction.
Classification
Often a person receives only 87% of what he earns, and 13% is paid by the employer as a tax (personal income tax or income tax). This part can be returned in some cases legally. For example, when buying real estate, spending on treatment, training.
Tax deduction can be:
- Standard.
- Social.
- Property.
- Securities.
- Professional.
Standard deductions are provided under certain conditions. For example, if a person's income is not more than a certain amount, he has children.
Social deductions are given when expenses related to education or treatment have been made.
The third type is available when the taxpayer has sold or bought property. By the way, with a mortgage, people can return the interest on the loan.
For securities, deductions are provided if losses have been incurred on financial transactions with them.
On a professional tax deduction cancount some categories of people. These can be, for example, authors of literary works.
How to calculate?
The value of this amount leads to a decrease in the taxable base, which is the amount of funds from which the tax is withheld. There is an opportunity to receive from your state not the entire tax deduction, but 13% of it. There is a limitation. It says that there is no way to get more than what was paid in taxes. For example, 13% of the amount of 1000 rubles is 130 rubles. A person can receive such money only if he paid so many taxes in a year. There is also a certain maximum for the deduction established by law. When purchasing housing, for example, for 2 million 100 thousand rubles, this amount cannot exceed 13%, which is 273 thousand rubles. Only taxes that were paid at the specified rate are allowed to be returned.
If we consider the standard tax deductions for personal income tax, for example, in 2013, they are the same as those that were in effect in 2012.
Some examples
Deduction of 3 thousand rubles, for example, is given to the following citizens:
- Disabled WWII.
- Participants in tests related to radioactive elements and nuclear weapons.
- Servicemen who suffered in defense of the country.
- To participants in the liquidation of the consequences of Chernobyl, who received various diseases.
The amount of tax deductions for children this year also did not change compared to the previous year. They can get them:
- Parents (adopted or natural).
- Guardians, adoptive parents, trustees.
- Spouses of parents.
Single parents have the opportunity to receive a double deduction. The limit of income received by an employee at the moment is 280 thousand rubles.
To get a deduction for children, provide your employer with documents:
- Application according to the established model.
- Copies of their children's birth certificates.
- Certificate (this is the 2-personal income tax form) for the year.
- Documents on the child's disability (if any).
- Certificates from the places of study of children.
If for some reason the deductions were not provided, then you can get them for the next year. Submit all documents to the tax office, you will also need a declaration for the previous year (we are talking about the 3-personal income tax form).
There are many different deductions, learn about them all to see what you can qualify for.
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