For what you need an application for a personal income tax refund

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Every citizen receiving income must pay income tax to the budget. Tax legislation provides for benefits that give the right to return part of the transferred tax in connection with certain expenses.

For what expenses can I return personal income tax

Almost every citizen who receives a salary, there are expenses that fall under the tax break. Depending on the type of spending, the state can return part of the paid income tax, accrued at a rate of 13%. The legislation establishes several types of tax deductions: social, property. To take advantage of this opportunity, you need to contact the local tax authority and submit a certain package of documents.

The main document confirming the expense incurred is the 3-NDFL declaration. Also, the taxpayer needs to write an application for a personal income tax return and for a deduction.

The applicant can return the tax in several ways: through the tax office or directly from the employer. Property deductions can be granted in the current year, andsocial - only after the end of the reporting period.

Who can apply

An application for a refund of personal income tax is submitted by the person who incurred the expense. If a citizen paid for the treatment or education of a child, then the contract must contain the personal data of the taxpayer. When buying a home, initials and passport details are indicated in all payment documents. A sample application for the return of personal income tax can be found on the website of the tax authority. You can also consult there about filling out the declaration.

There are cases when both spouses receive a property deduction, having previously agreed on the percentage of the amount of tax refunded. This method is used when wages in the family vary significantly, and get a deduction faster with a larger amount of income.

How to fill out a sample application for personal income tax refund yourself

Application for a refund has a standard form and is addressed to the head of the territorial office of the tax inspectorate. You can fill out the form by hand or using a computer program.

The application for the return of personal income tax contains an information part, where the personal data of the taxpayer, as well as his address and telephone number are entered. The application part of the document indicates the amount of tax to be refunded. This amount can be taken from the 3-NDFL declaration. Next, you need to fill in the bank details for which the refund will be made.

In confirmation thatall information is specified correctly, the application for the return of personal income tax must be personally signed by the applicant. In case of incorrect bank details, funds may be lost. Therefore, you should check the entered digital information several times.

How tax refund applications are submitted

There are several standard ways to submit documents to the tax office. The application form for the return of personal income tax can be taken personally to the regulatory authority, and if another person does this, then a power of attorney will be required. Also, the document can be sent by mail. To do this, it is necessary to issue a mail with a valuable letter and put an inventory in the envelope. The mail notification sent to the tax office upon receipt of the letter will be proof that the application form for the return of personal income tax has been accepted for consideration.

Income tax refund is of great importance, since this amount can reach up to 260,000 rubles. Do not neglect this possibility of receiving funds, especially since the return procedure is currently simplified as much as possible.