Tax benefit - what is it? Types of tax benefits. Tax social benefit

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

A tax break is a certain relief for a person who is obliged to make contributions to the budget. The legislation provides several opportunities to reduce the burden of taxation. The individual chooses whether to use them or not. Consider further what tax incentives exist for taxes.

General information

The tax social benefit is valid as long as the documents that were submitted for its receipt are valid. Eases in the legislation are provided not only for citizens, but also for organizations. The state pursues certain goals by introducing benefits. First of all, the government thus seeks to increase the level of protection of the population, to support the development of small business and production. In this regard, often during the economic crisis, laws are introduced that establish one or another tax benefit. This relief is intended, among other things, to improve the material condition of certain categories of citizens. These include, in particular, the disabled, large families, pensioners, and so on. By and large, any taxa benefit is a decrease in revenues to the revenue side of the budget, that is, damage to the state. Nevertheless, in certain conditions, such concessions are necessary.

Subjects of law

The following can use the right to apply for benefits:

1. Individuals with disabilities of the 1st, 2nd groups.
2. Pensioners.
3. Relatives of military personnel.
4. Veterans of the Second World War.
5. Relatives of those who participated and died in the fighting.

This is a general list of citizens who are en titled to benefits.

Classification

There are different types of tax breaks. Concessions are provided for persons owning real estate, including land, transport, etc. As mentioned above, organizations also have the opportunity to reduce the burden of taxation. For example, certain types of tax incentives are provided for the media. They are aimed at providing support to territorial publishers.

Land law

The land tax is paid not only by owners, but also by tenants. At the same time, both of them can receive concessions if they belong to certain categories. So, tax incentives are provided:

1. For persons who have a certificate of the Hero of the USSR and the Russian Federation.
2. Disabled 1st, 2nd groups.
3. Combatants.
4. Persons injured or disabled while testing nuclear weapons, space installations.
5. Participants in the aftermath of the disaster onChernobyl nuclear power plant, citizens who received exposure in connection with this accident.

From large families with 4 or more children, land tax is not charged. This rule also applies to cases of adoption of minors. A piece of land, the area of which is less than 50 square meters, is not subject to taxation. m and on which there are various outbuildings.

Property tax

Tax benefits apply not only to certain individuals, but also to specific categories of we alth. Mandatory contributions are made to the regional budget. The rate may vary from country to country. However, it should not exceed 2.2%. The tax is provided for certain types of movable property, as well as for immovable objects. Citizens make deductions for a house, garage, apartment, etc. In the course of changing the economic situation, adjustments were made to the legislation. As a result, the list of objects of taxation was reduced, but the payment rate increased.

Who can get property tax breaks?

Entities eligible for relief are:

1. Heroes of the USSR or RF.
2. Disabled childhood, 1st, 2nd group.
3. Participants in hostilities, partisan detachments.
4. Citizens affected by the accident at the Chernobyl nuclear power plant.
5. Staff members of the Department of Internal Affairs, State Security Services.
6. Workers of art and culture. If these persons use objects of taxation for work (creativity), then they are en titled to taxbenefit. This rule also applies to other residential premises that house libraries, galleries, museums.
7. Pensioners.

Transportation

All registered cars are subject to tax in accordance with applicable law. These include, in particular, trucks, cars, helicopters, airplanes, motor ships, yachts, buses, motor boats and boats, snowmobiles and snowmobiles, as well as certain types of construction equipment. Transport tax is deducted to the regional budget. Accordingly, the rate is set by the power of the subject. It depends on the power, capacity, dimensions of the vehicle. The same categories of citizens that are listed above can use the tax benefit. However, a number of nuances should be taken into account. So, a WWII veteran will not pay tax if the power of his car is less than 110 hp. s., pensioner - if not more than 150 liters. s., and if it is a motor boat - no more than 30 liters. With. If two or more vehicles are registered for one citizen, then he should choose one of them from which he will not deduct a mandatory payment. Other vehicles will be subject to general taxation rules.

How to exercise my right?

It is worth saying that many citizens do not know that they are beneficiaries. You can get the necessary information in the territorial division of the Federal Tax Service. To take advantage of the right to receive benefits, you must collect a certain package of documents. The specific list of securities will depend on the date ofcategory includes a citizen. So, for example, a pensioner will need his certificate, a large family - birth certificates of children, disabled people - a certificate from a medical institution. Documents (originals and copies) are submitted to the territorial division of the Federal Tax Service. The application is filled out there. Documents must be submitted before February 1 next year.

Extra

In addition to the above types of benefits, there are other specific reliefs. For example, the law provides for the removal of certain values from the category of taxable objects. For example, an educational institution received equipment for use in educational purposes. It will not be taxed. The law also provides for tax credits. They represent a decrease in the base by a certain percentage.