Study tax deduction: not as difficult to get as it might seem at first glance

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

Many of us, without having enough information, are very distrustful of taxes and everything connected with them, completely relying on our employers in matters of their payment. Meanwhile, in some cases, some of them can be returned in the form of social deductions.

There is an opinion among the people that it is almost impossible to get them because of the large number of necessary documents and bureaucratic red tape. But for those who once figured out the procedure, filing a declaration no longer looks like such an intimidating event.

The tuition tax deduction is one of the ways to return part of the funds paid to the treasury. Next, let's figure out the order in which you get it.

Tuition deduction - who is en titled to it? What size?

Those who can count on a tax refund in this case can be divided into those who pay for tuition on their own and those for whom the next of kin do it.

In the first case, everything is quite simple: it is possible to receive a tax deduction for studies forstudying in a preschool, secondary or higher educational institution, studying a foreign language or taking courses in a driving school. Thus, there are no restrictions on the type of institution. The institution, however, must be licensed to conduct educational activities. In the absence of a license, the deduction cannot be received.

The maximum amount to be returned is 15,600 rubles per year (13% of 120,000 rubles). It is this upper limit of the cost of education adopted by the state. The specified amount can be received only if the amount of income tax paid to the treasury is not less than this amount, and the tuition fee is 120 thousand rubles.

If parents, brothers or sisters pay for education for children (their age should not be more than 24 years old), the tax deduction for studies can only be obtained by studying at the faculties of the full-time (full-time) department.

The maximum amount of funds that the state is ready to return, in this case, is 5,600 rubles a year (13% of 50,000 rubles). The specified amount can be received for one child, i.e. if there are several children, compensation can be received for each.

You can apply for a deduction no earlier than the year following the tuition fee (if the tuition was paid in 2012, a refund of a part of personal income tax can be received in 2013, 2014 and 2015). Thus, the pupil / student or his relatives have 3 years to apply.

Refund of personal income tax for education - required documents

In addition to the passport and application to the inspectionwill need to provide:

• completed declaration;
• confirmation of income in the form of 2-personal income tax;
• copy of school license;
• copy of contract for educational services;
• Tuition payment confirmation.

If you receive a tax deduction for the education of a child/children, you will additionally have to request a certificate from the educational institution (the form of education is required) and a birth certificate of the student and his brother/sister, if they pay for his education.

In conclusion, it is worth noting that the tax refund period is four months from the date of filing the declaration.