Income tax on wages with one child. Income Tax Benefits

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

Today we will learn how income tax is calculated from a salary with one child. This process is already familiar to many citizens. After all, families often enjoy a variety of benefits. Why not, if the state gives such an opportunity? If you know all the nuances of this process, you can easily get the benefit that you are en titled to. To whom does she belong? How to calculate income tax?

Income tax

To begin with, let's decide what tax contribution we will be dealing with. After all, you need to have an idea of what is at stake. Income tax relief is good. But not everyone has the opportunity to receive them. Just like this contribution is not paid by some categories of citizens.

Income tax is also called income tax. It is levied on organizations as well as individuals. We have the second option. These are mandatory monthly contributions to the state treasury. Income tax is levied on wages. Payment thereof, as alreadywas said to occur monthly. At the moment, individuals give 13% of their earnings to the state treasury.

Deductions

True, there are some income tax breaks. Most often this is the so-called deduction for children. This is a kind of process of reducing the tax base. As a result, your income also decreases, which means that deductions from wages to the tax authorities will also be less.

Child income tax is an important point used by parents. Especially when the salary is already low. Even the smallest cost savings will come in handy here. There is nothing difficult or special about it. It is enough to know some of the rules that apply to the deduction. What exactly? And how can you get benefits? More on that later.

For whom

Who has the ability to reduce income tax? If there is a child, then, we can say, all parents. The question is, how much. And is it always possible? After all, almost all of us are someone's parents. But the deductions are not without exception.

And rightly so. After all, you can reduce income tax if you have only minor children. Or as long as the child is learning. That is, he is a cadet or full-time student. It should be noted that the age of an adult child should not exceed 24 years. It's not that hard to understand.

In addition, a parent's annual income cannot exceed 280,000 rubles. If it is higher (in practice -more than 23 thousand per month), then you are not en titled to any deductions. Guardians, adoptive parents and their spouses are also eligible for this benefit. How much and when should citizens?

About deductions

Income tax on minor children, as we have already found out, is reduced. All due to the fact that the deduction implies a certain underestimation of the tax rate. But for what amount? How much is due to citizens in one case or another? Let's take a closer look.

It all depends on the number of children in the family. The more of them, the higher the deduction. And for babies, who are also considered disabled, special rules apply. Need specifics?

If you have one child, then you are en titled to a deduction of 1,400 rubles from your salary per month. The same rule applies to the second minor. The third and subsequent children allow you to receive 3,000 benefits. This also applies to disabled people of groups 1 and 2. In some exceptional cases, they are en titled to a deduction of 6,000 to 12,000 rubles. But these are special cases, which in practice are generally rare. So, there is no point in paying attention to them.

Documents (standard)

Income tax from wages with one (or more) children is reduced when making a deduction. The benefit is provided, as a rule, to parents at the place of work or in tax services. The first option is more relevant.

To do this, you will need to present an application of the established form and a certain package of documents. It all depends on the specific situation as a whole. Especially if the parents of the child are divorced, andalso married other citizens. They are all en titled to an income deduction.

What will you have to present to apply for benefits? For starters, a 2-personal income tax certificate. Most often it is filled out by the employer, but some require filling it out by the direct applicant. 3-personal income tax is also useful without fail. Don't forget to apply for benefits. This is the simplest point that can only relate to our today's question.

Special occasions

But then the fun begins. In practice, there are a lot of points that affect the income tax with one child and the deduction, respectively. For example, parents divorced and remarried, but with completely strangers. What to do in this case?

In addition to the required documents listed, the child's mother (real, biological) submits a copy of the baby's birth certificate. And nothing more. Her ex-husband must also attach a birth certificate for the deduction. But in addition to this, it is mandatory to submit documents confirming the payment of alimony. Otherwise, the benefit will not be given. The new passion of the biological mother attaches a marriage certificate (copy) to the birth certificate of the child, as well as a certificate from the housing office stating that the baby lives with his mother and himself (that is, with a non-biological father, stepfather, if you like). Nothing difficult, right?

Double size

In some cases, income tax from a salary with one child can be reduced by 2 times. This situation is possible if one of the spouses refuses benefits in favor of his other half. There are limits, but not many.

Firstly, the second spouse must have an official job, subject to a 13% tax. Secondly, it is impossible to be registered at the labor exchange. Thirdly, a refusal will be received when a double deduction is supposed to be "issued" to housewives or women in position, as well as while on parental leave. Nothing difficult.

What is the income tax on wages? How to calculate it in this case? For one or two children, simply multiply 1,400 by 2. You get double the tax deduction. Not the most frequent occurrence, but it is enshrined in law.

Examples

Now a little specifics to make it clear how income tax is calculated with children. Suppose a situation where a citizen has two children. The first is 12 years old, the second is 27. Both are he althy. The salary of an employee per month is 20,000 rubles, per year the income will be 240,000. Then the income tax for the child will be calculated as follows:

No deduction for senior. It turns out that a citizen is en titled to only 1,400 rubles in the form of benefits. In this case, the income tax will be (20,000 - 1,400)0, 13=2,418. If there were no child, it would be 2600. Small, but savings.

Now the same situation, but when the spousecitizen refuses in his favor from benefits. The deduction will now be doubled. This is 2,800 rubles. Taxes will be released per month (20,000-2,800)0, 13=2,236. The difference is actually not that big, but it does exist.

Codes

The last thing left to understand is what codes need to be indicated in the 2-personal income tax certificate in this or that case. After all, the income tax deduction has its own "pointers".

At the moment they are numbered 114-125. The first 3 codes are most often used. More precisely, 114 (for one child), 115 (for two), 116 (for 3 or more). The disabled are given code 117. Everything else is special cases, which are characterized by double deductions. They do not occur very often in practice. Therefore, many do not even think about them.

As you can see, income tax on a salary with one child can be reduced. Not by much, but there is such a possibility. In fact, citizens very often use this benefit. What-no, but cost savings. Especially if there is not enough money. You can legally reduce taxes!