When submitting the income statement for the current year to the tax office, you can count on obtaining a tax credit, which is expressed in a special benefit that allows you to return part of the income tax paid. This loan is not issued to everyone, so you need to familiarize yourself with its terms in advance.
Instructions
Step 1
Determine if you can qualify for a tax credit. Taxable income includes gifts, winnings and inheritances, rental income, income from the sale of property, and various investment income. Those who received income only from legal entities and tax agents in an official manner cannot count on a tax credit, since in this case the payment of the tax was imposed on them.
Step 2
Calculate the amount of social expenses that can be reimbursed in the form of a tax credit. These costs include: repayment of mortgage interest, tuition fees, charitable contributions, contributions to a pension fund or long-term accumulative insurance, payment of government services and state fees, as well as the cost of a number of medical services. This list must be clarified with the tax office at the place of residence.
Step 3
Fill out your tax return, where you list taxable income and expense items that can be used to get a tax credit. Write an application to the tax office for a benefit.
Step 4
Calculate the amount of the tax credit, which is the difference between the amount of taxes paid and the amount you would pay if you reduced your social spending income. This amount can be adjusted depending on certain conditions. For example, in the case of a mortgage, the amount of the loan depends on the area of the apartment, and in the case of insurance, on the person for whom it is issued.
Step 5
Contact the tax office 60 days after filing your tax return and applying for a tax credit. Find out what decision was made on your question. In case of a positive answer, the amount of the tax credit will be transferred to you by money order or to the current account that was indicated in the reporting.
