Currently, each of us can receive a tax deduction when buying real estate, for example, an apartment, i.e. return the income tax paid in favor of the state, or be able not to pay it at all.
Instructions
Step 1
A tax deduction is an amount that reduces the amount of income that is taxed. Typically, the tax base is 100% of our income and the tax paid is 13%. It is this that can be returned when buying a home, and this can be done only once in a lifetime.
Step 2
You can return only the tax that you paid, you can no longer receive it. If, for example, you paid 50 thousand rubles of income tax in favor of the state, then that is what you will receive. The rest of the amount will be carried over to the next year, because the property deduction in accordance with the law is carried over to further periods. The established deduction limit is 2 million rubles, and the refunded tax cannot exceed 13% of it, i.e. 260 thousand rubles If the apartment you purchased was worth less, say, 1 million rubles, then you can return only 130 thousand rubles. Moreover, taxes paid only at a rate of 13% are refunded.
Step 3
The maximum property tax deduction is RUB 2 million. for real estate acquired in 2008 and subsequent years. Before that, it was 1 million rubles. You can also refund income tax on the amount of interest paid. Their maximum size has not been set.
Step 4
You can get a tax deduction in two ways: at the end of the year for which you plan to receive tax, or during it. In the latter case, you will receive it from your employer. In order for you to be provided with a deduction, you need to contact the tax office and file a 3-NDFL declaration, write an appropriate application and submit documents related to the transaction (real estate purchase and sale agreement, certificate of ownership, loan agreement, if housing was purchased with a loan, and etc.). After checking all the documents, the amount of the paid tax will be returned to your account, the details of which must also be submitted to the tax office.
Step 5
If you want to receive a deduction from the employer, then you need to take a notice of the right to property deduction from the inspectorate. In this case, it is necessary to submit the same documents as in the first case. Once notified, your employer will be required to withhold income tax from you until the end of the year.
