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Types of tax deductions

In the domestic sense, a tax deduction is a returnpart of personal income tax when buying an apartment, incurred expenses for treatment and training, etc. Today in Russia there are four types of deductions: standard, social, professional and property. As part of the property deduction, the citizen can take into account the cost of building or buying a house, apartment, room or property share. Also included are the costs for finishing and purchasing building materials. You can get a tax deduction and for mortgage interest as they are paid. Social deductions are provided at the cost of training (own or own children), as well as expensive treatment and purchase of medical drugs. Professional deductions can be obtained by entrepreneurs who are on the OSHO. The list of expenses is contained in the tax code. The right to receive standard deductions is enjoyed by special categories of citizens (Heroes of the USSR and the Russian Federation, etc.), as well as taxpayers who are in charge of children.

Procedure for obtaining a tax deduction

Obtaining a tax deduction is subject to a number ofRules. So, not the full amount of expenses within the deduction limits, but the corresponding amount of the tax paid before, is subject to return. A tax deduction can be obtained at the end of the calendar year at the tax office at the place of residence. It is necessary to provide a declaration in the form of 3-NDFL and attach the requested set of documents. So, in order to receive a property tax deduction, in addition to the declaration and application, it is necessary to provide: - a certificate of income (form 2-NDFL); - agreement on the acquisition of housing; - copies of payment documents; - certificate of acceptance of the apartment; - Certificate of state registration of property. In order to receive social deductions, copies of documents on payment for medical services or training costs and a certificate of income are provided to the tax. In any case, the citizen must officially work and have a white salary with which the income tax is paid. A taxpayer can refund the tax paid for the three preceding tax periods. For example, when you apply to the tax in 2014, you can receive deductions for 2011, 2012, 2013. There are two ways to pay income tax: - tax refund to a personal account whose details must be indicated in the application for deduction - by filing an application On the tax deduction of the company-employer - then from the part of the salary for a certain time the income tax will not be withheld. In the latter case, the taxpayer must receive a document confirming his right to deduct the tax. It will specify the name of the employer, who will not keep the employee's salary tax for a certain period of time.

Changes in the receipt of tax deductions since 2014.

Since 2014, new rules for grantingProperty deductions. Now citizens can get them not for one apartment, but for several, only within 2 million rubles. The maximum amount to be returned is 260 thousand r. The property tax deduction under the new rules can be obtained if the title deeds are dated after the beginning of 2014.