Deduction 114: how to receive. Changes in 2017

Tax deductions are a kind of privilege that the state gives to parents. Depending on the number of dependents, the employee can pay a smaller amount to the tax service, leaving himself "cash". Each deduction has its own number, a kind of code. It is reflected in the certificate in the form of 2-NDFL, as well as taken into account when filing a tax return. This code is also indicated in the tax return. One of the most common is the deduction for the 114th.

What is the essence of the tax deduction?

A tax deduction is a certain figure, which, as the name implies, is deducted from the total amount of the employee's salary. That is, this is the amount of money that is not taxed. These amounts vary and depend on a number of factors. For example, on the number of children, as well as on the degree of kinship. That is, on foster children, provided that they are disabled, the amount may be different. Also, increased amounts of deductions apply to those who have the status of a widow or a single mother.

In a particular case, the parent has 182 rubles for one child. That is, it is this amount that goes into the pocket of an employee, not the tax service. However, each case makes sense to consider separately, since it is possible to identify any fundamental nuances.

What does the first child depend on? Deduction code - 114

The first child is entitled to a deduction in the amount of 1400 rubles. Of course, if a child is not brought up by a widow or a mother alone. By the way, a document on form 25, which is received by single mothers in the registry office, can also be present in the father who himself brings up the child. However, this is an isolated case, which many employers forget.

Thus, if the employee has provided all the necessary documents, the accountant must designate the necessary deduction code -114 in the program 1C "Salary and staff management". Thanks to this, the employee will use this privilege every month. It is worth noting that the deduction is granted from the month when all documents have been deposited. By the way, they stop, if the employee's total income for the year exceeded three hundred and fifty thousand rubles.

What documents do you need in accounting?

To receive a deduction for 114 codes, the employee must provide the accountant with the following documentation:

• Application in the form established by the enterprise or in free form, if there is no regulated sample. Here you need to specify your data, the surname, first name and patronymic of the child, as well as his date of birth. It also makes sense to write which documents are provided.
• Copy of the child's birth certificate. The mistake is to provide a copy of the passport. Even if the child is already 14 years old and he has an identity document to receive a deduction for 114 or another code, it is necessary to provide the birth certificate. This is due to the fact that it indicates who exactly is the parent.
• Certificate from the school. This document is provided if the child is already 18 years of age and is studying in full-time. On "part-time" deduction of personal income tax (114 code) is not provided.
• Help on the form 2-NDFL, if the employee arranges for a new job. This helps to track the total amount of income for the year, and also does not allow the employee to receive a deduction for one month twice, but for different employers.

Change History

It is worth noting that the personal income tax code of the deduction 114 changed its name more than once. For example, the described number was assigned to him only in 2012, when it was decided to separate the different codes for the first and second child, even though the amount on them is supposed to be the same.

So from the end of 2016, there have been new changes. In the 2-NDFL, the deduction code 114 changed its number to 126. This is exactly what the code provided for the first child looks like to parents.

Not always in the pay sheet, which provides the employer, you can see the code of deduction and its amount. Therefore, the employee has the right to calculate the amount of tax independently. To do this, it is necessary to subtract the amount of deduction from the total payroll. In the case of code 114 - this is one thousand four hundred rubles. And the result must be multiplied by thirteen percent. This is how much an employee must pay the tax service.

Deduction codes in certificates and declarations

In the certificate on the form 2-NDFL which is accepted by the tax inspection and most credit organizations, much is built on codes. Here you can find a digital notation of the employee's income, and, of course, all deductions for children. Code 114 is located immediately below the graphs with the employee's income. It is worth noting that this certificate does not specify in which month the deduction was granted, only the amount was accrued from the beginning of the calendar year or from the beginning of the work at the enterprise.

In the tax return, which is also called 3-NDFL, you can also specify the codes that the employee uses. However, a program that can be downloaded from the official site of the tax service will help to do it correctly.