What is a tax deduction

Not everyone knows that there is an opportunity to return money, which was given to the state as taxes, or not to pay their part. Apply for such can all working citizens. To do this, get a tax deduction.

Classification

Often a person receives only 87% of what he earns, and 13% pays the employer as a tax (personal income tax or income tax). This part can be returned in a number of cases on legal grounds. For example, when buying a property, spending on treatment, training.

The tax deduction can be:

- Standard.

- Social.

- Property.

- On securities.

- Professional.

Standard deductions are granted under certain conditions. For example, if a person's income is not more than a certain amount, he has children.

Social deductions are given when costs associated with training or treatment have been made.

The third type is available when the taxpayer sold any property or bought real estate. By the way, with a mortgage people can return interest on the loan.

Securities are provided with deductions, if losses were incurred for financial transactions with them.

On a professional tax deduction can calculate some categories of people. It can be, for example, the authors of literary works.

How to calculate?

The amount of this amount leads to a reduction in the taxable base, which is the amount of funds from which the tax is deducted. There is an opportunity to get from the state not all the tax deduction, but 13% of it. There is a restriction. It says that there is no way to get more than what taxes were paid. For example, 13% of the amount of 1000 rubles is 130 rubles. A person can get such money only if he has paid so many taxes for a year. Still there is some maximum for deduction, established by law. When buying housing, for example, for 2 million 100 thousand rubles, this amount can not exceed 13%, and this is 273 thousand rubles. Only taxes that were given at the specified rate are allowed to be returned.

If we consider the standard tax deductions for personal income tax, for example, in 2013, then they are the same as those that operated in 2012.

Some examples

A deduction of 3 thousand rubles, for example, is given to the following citizens:

- Disabled World War II.

- Participants in tests related to radioactive elements and nuclear weapons.

- Servicemen who suffered during the defense of the country.

- Participants in the liquidation of the consequences of Chernobyl, who received various diseases.

The amount of tax deductions for children this year also did not change compared to the previous year. Get them can:

- Parents (adopted or relatives).

- Guardians, adoptive parents, trustees.

- Spouses of parents.

Single parents can receive a double deduction. The limit of income received by the employee at the moment is 280 thousand rubles.

To get a deduction for children, provide your employer with the following documents:

- Statement on the established pattern.

- Copies of birth certificates for your children.

- A certificate (this is a form of 2-NDFL) for the year.

- Documents on the disability of the child (if any).

- Inquiries from the places of study of children.

If for some reason the deductions were not granted, then you can receive them the next year. Pass all the documents to the tax, you still need a declaration for the previous year (we are talking about the form of 3-NDFL).

There are many different deductions, learn about all, to understand what you can claim.