All working people pay taxes. From each type of income received, it is necessary to give the state a certain amount, calculated at a certain interest rate. However, not everyone knows that there are times when tax deductions can be refunded.
Instructions
Step 1
According to paragraphs 1-4 of Article 218 of the Tax Code of the Russian Federation, each employee who deducts taxes at a rate of 13% per annum is entitled to a standard tax deduction. At their core, tax deductions are privileges that reduce the underlying base. In essence, they work like this: the amount of tax payable to the budget is reduced.
Step 2
Each person who pays the tax due to the treasury can choose the method of returning their paid amounts. There are two options for this: reducing the amount of tax that needs to be paid to the budget, or returning money from the budget in the form of the amount of overpaid tax. To understand which option suits you best, it is worth contacting specialists who, in each specific case, explain what will be better.
Step 3
If you choose the option of receiving money, then in order to get it back to you, you need to file a declaration at the end of the year with the tax office with the attachment of documents that prove your right to receive such compensation. The amount that will be given to you, although in fact it is income, is not subject to taxation, and you can spend it as you want.
Step 4
Standard tax deductions are available for three groups of individuals. The amount of compensation is 3000, 500 and 400 rubles. The maximum payments are provided to the following categories of citizens: victims of Chernobyl, invalids of the Great Patriotic War, disabled military personnel. A deduction of 500 rubles is allowed for Heroes of the Soviet Union and Heroes of the Russian Federation, disabled children, parents and spouses of military personnel who died in the line of duty. The minimum deduction of 400 rubles is provided to all other taxpayers.
Step 5
Standard tax deductions can be received both for yourself and for children. That is, at the birth of a child, you can, by writing an appropriate application at work, reduce the tax liability when receiving income.
