Each taxpayer, in accordance with article 220 of the Tax Code of the Russian Federation, has the right to a property deduction in the amount equal to the amount of interest paid on loans or mortgages. The mortgage must be registered in the territory of the Russian Federation.
Instructions
Step 1
Submit an application for a property deduction to the district tax office at the place of registration. Submit the required documents: passport, a copy of it; declaration of income (3NDFL), a certificate from the place of work on wages (2NDFL), an agreement on mortgage lending for housing; a certificate from the bank about the amount of interest payments for the past year; copies of all payment documents; an account statement confirming current payments. Such a package of documents must be submitted every year.
Step 2
Submit the package of documents in duplicate with a mark of their acceptance to the tax office, which must indicate the date, month and year, position and signature of the person who accepted your documents. Consideration of the issue of returning property tax should last no more than 1 month from the date of application. The tax office will inform you of its decision by sending a notice by mail.
Step 3
Please note that when calculating a property deduction, you should take into account its limit. It should not exceed the amount of 2 million rubles (interest paid on the mortgage is not included in this amount). It will be possible to refund only the taxes paid, which are determined by the rate of 13%. For deduction, they will take into account the amount of actually paid contributions to the bank.
Step 4
On your tax refund application, indicate how you want to receive the property deduction. If money will be transferred to a personal bank account, be sure to indicate your bank details and account number. In this case, the application for the deduction is submitted at the end of the year. 13% of the annual income will be transferred to your account at a time. In the event that income tax will be refunded through a tax agent (employer), take a notice from the tax office and submit it to the accounting department at your place of work. Then the agent will not deduct 13% every month from your wages.
