Maximum amount of tax deduction. Types of tax deductions and how to get them

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

Tax deductions in Russia are very popular. Their design raises many questions. Despite this, the population is trying to exercise its right to a tax-type deduction. It helps to stay in the black while making some expenses. In addition, if desired, you can exempt wages from personal income tax for a certain period. Next, we will study the maximum amount of the tax deduction, as well as the features of obtaining it. What should everyone remember about appropriate maintenance? And what difficulties can a citizen face in the process of exercising their rights? Answering all of these questions will help you claim tax deductions.

Definition

The maximum amount of the tax deduction is important, but it is not fundamental information when claiming it. The thing is that not everyone understands what he will be dealing with.

A tax deduction is an opportunity to return part of the expenses incurred for certain transactions or the right not to payincome tax in one form or another. In other words, it is customary to call the process of returning money for specific expenses on account of income taxes.

Types of refunds

Tax deductions in the Tax Code of the Russian Federation are different. There are a lot of them, each has its own characteristics and restrictions on the amounts returned.

Citizens can currently claim the following deductions:

• mortgage;
• main property;
• social (for treatment, education, insurance);
• professional;
• standard.

We will not focus on the last two. Professional returns are usually relied upon by entrepreneurs. Standard deductions are issued either for the presence of children, or for a certain status of a person. They do not cause any special questions - each employer will be able to give advice on their request.

Total rate

Maximum tax credit may vary. It varies depending on the specific situation.

It is worth paying attention to what tax rate is used when calculating the refund. It is 13% of the expenses incurred by the citizen. This point must be remembered under any circumstances.

Main property return - limits

The maximum amount of tax deduction for property (acquisition of real estate without credit) at the moment depends on the value of the relevant object. 13% must be deducted from the price - this will be the amount of return that a citizen can claim. The same principle applies to mortgageand with social deduction.

Nevertheless, each of them has its limit values. As soon as a certain level of refundable amounts is reached, the right to a tax type deduction is abolished.

When buying real estate, you can return a maximum of 260,000 rubles. That is 13 percent of 2,000,000. What if the property is more expensive?

Under such circumstances, a citizen will still be able to reimburse himself only 260,000 rubles. If the property is cheaper, the rest of the deduction can be issued in the future. For example, with the next purchase of real estate.

For a mortgage

It's hard to believe, but a home loan also allows you to reimburse part of the costs. The main thing is to follow a certain algorithm of actions for the implementation of their powers. We'll talk about it later. First, let's find out how much and when you can return.

The mortgage tax deduction can be conditionally divided into two parts - the main return and for interest on the loan. In the first case, the main property compensation of funds is issued. This means that it will be possible to request a maximum of 260,000 rubles.

But that's not all. You can also demand a refund for the interest paid on the loan. But in what sizes? The tax deduction for a mortgage (its interest) is 390,000 rubles. This is 13% of 3,000,000 rubles. It will not be possible to claim above the specified limits under any circumstances.

Social return

Special attention should be paid to social deductions. The thing is that they are divided into severalcomponents. And the maximum amount of social type deductions will be total.

In a lifetime, every citizen can get back only 120,000 rubles for the corresponding expenses. That is, for insurance, treatment and training in total. But this is far from all that a citizen should know. Next, we will consider each type of social return in more detail.

For study

The maximum tax deduction for studying in Russia is 120,000 rubles. And this is on condition that no other social refunds will be issued.

In the Russian Federation, you can return money for your studies, the education of children, brothers and sisters. In each case, you have to focus on different limits on amounts.

For example, a person can return 13% of the expenses incurred for himself, but not more than the remaining limit on all social deductions. In total - up to 120,000.

For other people's educational services, it is allowed, as in the previous case, in general, to return one hundred and twenty thousand rubles. At the same time, more than 50,000 rubles cannot be reimbursed for one child, brother or sister for the entire period of study.

Refund for educational services - amounts per year

What else is worth paying attention to? The thing is that despite the limits set above, educational services provide for special conditions for the return of money. Some are wondering how much a year can be returned for the study of a brother, child or sister.

Based on the foregoing, we can draw a simple conclusion - no more than 15,600 rubles. This amount is equal to 13 percent of 120 thousand rubles. Accordingly, allthe limit of funds set for someone else's training can be spent in about 3 years. In practice, such an operation often takes longer.

Medical Services

Maximum tax deduction for treatment can raise a lot of questions. But why?

The thing is that medical services are divided into ordinary and expensive. In the first case, you can return 13 percent of the costs incurred, but not more than 120,000 rubles. Otherwise, the service will be denied.

In this case, you will have to take into account all the social deductions that the person requested. It happens that, for example, the applicant has already spent the established limits on account of educational services and insurance. And then he tried to file a request for reimbursement of money for treatment. It will be legally rejected.

Costly treatment

Some medical services are considered expensive treatments. The Tax Code of the Russian Federation indicates all services that can be attributed to such. For example, paid caesarean section.

There is no maximum tax deduction for medical services deemed expensive. The thing is that a citizen can demand from the state 13% of the funds paid.

Important: expensive treatment is reimbursed without reducing the social deduction. This means that you can return 13 percent of "expensive medicine" and another 120 thousand for other medical services.

Restrictions for medical services per year

Need a tax deduction for dentures? Maximumthe amount returned to the citizen is known. But do not rush - you will have to remember about the annual limit.

In a year, a person can generally get back 15,600 rubles as a social return. And not only for educational services. A similar limit also applies to insurance and treatment.

The only exception is expensive treatment. It, as already mentioned, will not be associated with a social deduction. Exactly 13 percent of the amounts specified in the contracts are allowed to be reimbursed for such services.

Dependence on personal income tax

The maximum amount of the tax deduction, as already mentioned, depends on many circumstances. Despite the already studied limits, you need to pay attention to one more very important point. It can cause a lot of trouble and bring a lot of frustration.

According to the law, a citizen cannot demand more money than he transferred in the form of income tax for a particular tax period. Accordingly, it is far from always that citizens quickly spend the limits established by amounts.

Conditions for registration

We figured out the limits. Now it's time to figure out how to file a tax refund. This is a rather difficult and lengthy process, forcing citizens to prepare in advance.

Not everyone can apply for a tax refund. It is due only to those who:

• has an official place of employment;
• transfers personal income tax in the amount of 13 percent to the state treasury;
• holds Russian citizenship;
• has a permanent residence permit in a particular region;
• made a deal fromin my own name and at my own expense.

Accordingly, the unemployed, housewives, pensioners and foreigners cannot claim income tax refunds. There are exceptions too. And everyone should remember them.

For the unemployed and pensioners

The maximum amount of tax deduction for tuition, medical treatment and other expenses will no longer cause any problems. Everyone will be able to understand how much and under what conditions he can demand from the state.

Pensioners and the unemployed, no matter how strange it may seem, can exercise their right to a tax deduction. They are allowed to carry forward personal income tax for the last three years. What does this mean?

When issuing a refund, the tax authorities will take into account the income tax transferred by the person for the previous 36 months. This means that without formal employment, the right to reimbursement of expenses incurred is abolished only after 3 years. It is renewed after a person has not transferred personal income tax for three years.

For foreigners

Foreign citizens in Russia cannot apply for a tax deduction. However, you can cope with this task if you obtain Russian citizenship.

In this case, the person will be treated as a "local" resident. All of the above conditions and restrictions will apply. The main thing is to have citizenship of the Russian Federation and income subject to personal income tax in the amount of 13 percent.

Entrepreneurs and returns

With the amount of tax deduction when buying an apartment sorted out. As has already been emphasized, a person can compensate himself no more than260 thousand rubles. What about entrepreneurs?

In general, they are en titled to reimbursement of expenses incurred. The main thing is to work on OSNO. It is this tax regime that provides for personal income tax in the amount of 13%. When using special modes, an individual entrepreneur will not be able to issue a deduction. This is simply not provided for by the current legislation of the Russian Federation.

Third-party investments and VAT refunds

The amount of tax deduction when buying an apartment is registered in the Tax Code of the Russian Federation. But some life situations confuse citizens. The thing is that sometimes people use state aid to purchase real estate. For example, maternity capital. How much money can be returned under such circumstances?

All of the above restrictions and limits will apply. The principle of calculating the tax base will simply change. If someone uses government assistance to purchase real estate, the base from which the 13 percent deduction is counted will be reduced by the amount of third-party investments.

When to apply?

Some wonder at what point the right to receive a personal income tax refund arises. Usually the next year after the conclusion of the transaction. If we are talking about paying interest on a mortgage - from the moment of the first payments.

When can I apply for a tax deduction? At any time, but no later than 3 years from the date of the transaction. That is how long it takes to apply for tax refunds in Russia.

Moreover, a person can claim money immediately for 36 months. Very convenient, especially for mortgage and educationalreturn. The main thing is to know how to act in this or that case. Preparing for withdrawals is a lot of work. Fortunately, they can either be completely avoided or minimized.

Service Locations

Where exactly do you need to apply for a tax deduction in Russia? You can deal with this problem in different bodies. The thing is that citizens are able to ask for refunds through:

• tax authorities;
• multifunctional centers;
• My Documents organization.

In what tax to receive a tax deduction? You need to apply with a request to the Federal Tax Service at the place of residence. For example, in person or by mail. The main thing to remember is that income tax refund is not issued in another region.

Important: if you wish, you can apply for a deduction from your employer. In this case, the citizen's earnings will be exempted from income tax on the amount of the refund.

Design instructions

And how to claim tax deductions? Citizens must adhere to a certain algorithm of actions. It does not cause any significant problems when properly prepared.

To apply for a personal income tax refund, a person needs:

1. Make this or that transaction on your behalf and for your own money.
2. Create a certain package of papers. This point will be discussed in more detail later.
3. Apply for a deduction.
4. Receive a response from the authorized body.

If everything is done correctly, then after a while the applicant will be reimbursed for certain expenses. The main difficulties for citizens arise in the formation of a package of documents for the implementation of the task.

Main papers

What documents are needed for a tax deduction? The answer directly depends on the specific situation.

The applicant will definitely need the following components:

• civil passport;
• tax return for a given period;
• income certificates;
• checks indicating certain expenses;
• application of the prescribed form;
• an agreement on the conclusion of a transaction or the provision of services.

But that's not all. Next, consider the additional statements that a person needs when making deductions.

Inquiries for property returns

What documents are needed for a tax deduction for an apartment or mortgage? Usually the above list needs to be supplemented:

• mortgage or sale agreement;
• loan repayment schedule;
• receipts for the transfer of money for the main transaction;
• USRN statements for real estate.

This will usually suffice. All these extracts must be submitted only in originals. Their copies are not considered by authorized services.

References when applying for a deduction for treatment

Need to get money in the form of personal income tax reimbursement for medical services? It's not as hard as it looks.

To avoid problems and questions from the authorized bodies, the applicant must prepare:

• licensesmedical facility and doctor;
• medical care contracts;
• checks and receipts;
• prescriptions (if the person is reimbursed for medicines).

As a rule, in modern clinics they help to prepare documents for a tax deduction. Therefore, there should be no significant problems.

Documents for tuition deductions

Certificates for a tax deduction in the Russian Federation may come in handy different. You have to start from a specific situation all the time.

Do you want to return income tax for educational services? In this case, you will need:

• student reference;
• excerpts from an educational institution stating that a person really studies there;
• organization license;
• accreditation of the speci alty chosen by the student;
• contract for the provision of paid educational services.

As a rule, all the listed statements can be taken from an educational institution. The service agreement must be kept in the hands of the applicant.

For family people

As already mentioned, a tax refund can be issued not only for yourself, but also for relatives. In addition, when it comes to acquiring property, a family person will have to form a special package of certificates.

Does the recipient of the deduction have a family or does he file a personal income tax refund for a child, brother or sister? Then you need to take with you to the authorized bodies:

• marriage or divorce certificate;
• certificates of birth or adoptionchildren;
• statements confirming kinship with a brother or sister.

If the spouses have a marriage contract, it will not be superfluous either. The thing is that when acquiring property in marriage, it is recognized as common with the husband / wife. And the other half of the applicant has the right to its registration. The presence of a marriage agreement will eliminate unnecessary problems and questions from the employees of the Federal Tax Service.

Conclusion

Now it is clear what is the maximum amount of tax deduction in this or that case. And how to demand the appropriate funds is also clear.

How long does it take on average to wait for money? About 4-6 months. Of these, only 1, 5-2 will be considered an application for a deduction. And the same amount will be spent on conducting a banking operation to transfer money to the account specified in the application.

You can quickly issue a deduction through the employer - exemption from personal income tax will occur from next month. That is, from the first received after the realization of the right to deduct wages. But this option is not in demand among the population.