Post by nurnobisorker13 on Oct 30, 2024 4:10:17 GMT
Many people know what a tax deduction is and that it allows you to get back part of the money paid to the budget in the form of personal income tax. However, the reality is that most often people simply refuse to receive funds, considering the amount to be quite small, and the process of receiving them to be labor-intensive and long. But in fact, this is fundamentally wrong. Having studied this material, you will be able to easily apply for a tax deduction yourself, from anywhere and at any time. You will learn when you can apply for a tax deduction, what documents are needed for this and how quickly the funds will be credited to the account.
Contents hide
1) Tax deduction filing deadlines
2) What documents are needed
2.1) What else is required in case of registration of a non-immigrant visa?
3) How to apply for a tax deduction online
4) How quickly will the money arrive?
5) Conclusion
Tax deduction filing deadlines
An application for a refund of money contributed in excess of the tax paid must be submitted within 3 years from the date of payment of the required amount (clause 7, Article 78 of the Tax Code of the Russian Federation). That is, if an individual applied for a tax deduction in 2022, then he can only be granted a deduction for 2019, 2020 and 2021. At the same time, the time of purchase of housing is not particularly important, given the fact that there are no restrictions on the period of application.
If you receive the right to a deduction in 2021, it will not be possible to return funds for previous years - the remainder can be carried over to subsequent periods until they are fully used. This rule does not apply to pensioners, who are given the opportunity to carry over the remainder of the property tax deduction to 3 periods preceding its appearance (clause 10, Article 220 of the Tax Code of the Russian Federation).
It is important to note that if for a certain period the amount of tax deductions exceeds the amount of income (personal income tax 13%), the tax base is equal to the value "0". Also, the difference between the amount of deductions for this period of time and the amount of income is not carried over to the next period. Carryover is possible only in the case of property deductions.
Property tax deduction can be received in bulk telegram blast case of submission of a declaration at the end of the calendar year, or before the end of the relevant period. In this situation, funds in the form of a deduction are issued by tax agents (most often by the employer).
Try paying in installments
First payment only after 30 days
Find out the limit
What documents are needed?
If a citizen spent enough money up to and including 2022 to qualify for a tax deduction, he should not go to the Federal Tax Service right away. You won’t be able to just come and ask for a refund, because you need to provide a package of supporting documents, which varies depending on the type of deduction. To make it clear, all the necessary information is provided below.
What else is required when applying for a NV?
So, if you have reached this point, then most likely you are ready to go to the tax office to get a tax refund for the taxes paid last year. But do not rush, because it is important to pay attention to several other things. In addition, you can get funds online, using a computer and the Internet.
Before submitting documents for receiving a tax certificate, it is necessary to calculate the taxes paid for the past period. A 2-NDFL certificate issued by the employer can help with this. In any case, it will be necessary in case of receiving a refund of personal income tax at the beginning of the year. The Federal Tax Service will receive all information concerning your income no earlier than April.
After receiving the certificate, it is necessary to compare the amount of personal income tax paid and the amount of the deduction provided. If the NIT is higher than the amount of funds contributed in the form of personal income tax, it is better to calculate which deduction to use first and which later. In such a situation, you can use the rule of priority for receiving deductions, which states the following: first, you need to apply for deductions that cannot be carried over to the next year. This includes social and standard deductions. Only after this is it necessary to submit documents for property deductions, which provide for the possibility of distribution over several years, for example, 10 thousand rubles in one year, 20 thousand rubles in another, etc.
How to apply for a tax deduction online
Applying for a NV online is a simple process that does not require any special knowledge or a lot of time. You can do it as follows:
Log in to your personal account on the tax website.
Click on the “Get a deduction” item.
Select the required deduction type.
Determine the year for which you will be granted a deduction.
Enter information about a valid telephone number.
Enter information from the 2-NDFL certificate (if documents are submitted at the beginning of the year).
Specify the amount of expenses.
Provide the required documents.
Enter password (electronic signature).
Click on the "Send" item.
Unfortunately, not all citizens know how long it takes to receive money, so we will provide this information.
How quickly will the money arrive?
Receipt of funds from the deduction must occur within 4 months from the moment the taxpayer submits the declaration and application for its provision. In this case, the desk audit lasts 3 months and within another 1 month the funds are credited to the account.
In the event that an individual first filed a declaration followed by a desk audit, and after the audit an application for a deduction was submitted, the funds will be transferred to the account no later than 3 months from the date of filing the application (clause 6, article 78 of the Tax Code of the Russian Federation).
Conclusion
A tax deduction is a good opportunity to arrange a refund of part of the funds paid by a citizen in the form of personal income tax or a reduction in the taxable base. This can be done online, so individuals do not even need to contact the Federal Tax Service directly. It is also important to understand for what period you can return the tax deduction. In this case, you can apply for it no later than 3 years after paying personal income tax for the tax period in which all expenses occurred. Thus, in 2023, a citizen has the right to receive a tax deduction for the period 2020-2022.
Contents hide
1) Tax deduction filing deadlines
2) What documents are needed
2.1) What else is required in case of registration of a non-immigrant visa?
3) How to apply for a tax deduction online
4) How quickly will the money arrive?
5) Conclusion
Tax deduction filing deadlines
An application for a refund of money contributed in excess of the tax paid must be submitted within 3 years from the date of payment of the required amount (clause 7, Article 78 of the Tax Code of the Russian Federation). That is, if an individual applied for a tax deduction in 2022, then he can only be granted a deduction for 2019, 2020 and 2021. At the same time, the time of purchase of housing is not particularly important, given the fact that there are no restrictions on the period of application.
If you receive the right to a deduction in 2021, it will not be possible to return funds for previous years - the remainder can be carried over to subsequent periods until they are fully used. This rule does not apply to pensioners, who are given the opportunity to carry over the remainder of the property tax deduction to 3 periods preceding its appearance (clause 10, Article 220 of the Tax Code of the Russian Federation).
It is important to note that if for a certain period the amount of tax deductions exceeds the amount of income (personal income tax 13%), the tax base is equal to the value "0". Also, the difference between the amount of deductions for this period of time and the amount of income is not carried over to the next period. Carryover is possible only in the case of property deductions.
Property tax deduction can be received in bulk telegram blast case of submission of a declaration at the end of the calendar year, or before the end of the relevant period. In this situation, funds in the form of a deduction are issued by tax agents (most often by the employer).
Try paying in installments
First payment only after 30 days
Find out the limit
What documents are needed?
If a citizen spent enough money up to and including 2022 to qualify for a tax deduction, he should not go to the Federal Tax Service right away. You won’t be able to just come and ask for a refund, because you need to provide a package of supporting documents, which varies depending on the type of deduction. To make it clear, all the necessary information is provided below.
What else is required when applying for a NV?
So, if you have reached this point, then most likely you are ready to go to the tax office to get a tax refund for the taxes paid last year. But do not rush, because it is important to pay attention to several other things. In addition, you can get funds online, using a computer and the Internet.
Before submitting documents for receiving a tax certificate, it is necessary to calculate the taxes paid for the past period. A 2-NDFL certificate issued by the employer can help with this. In any case, it will be necessary in case of receiving a refund of personal income tax at the beginning of the year. The Federal Tax Service will receive all information concerning your income no earlier than April.
After receiving the certificate, it is necessary to compare the amount of personal income tax paid and the amount of the deduction provided. If the NIT is higher than the amount of funds contributed in the form of personal income tax, it is better to calculate which deduction to use first and which later. In such a situation, you can use the rule of priority for receiving deductions, which states the following: first, you need to apply for deductions that cannot be carried over to the next year. This includes social and standard deductions. Only after this is it necessary to submit documents for property deductions, which provide for the possibility of distribution over several years, for example, 10 thousand rubles in one year, 20 thousand rubles in another, etc.
How to apply for a tax deduction online
Applying for a NV online is a simple process that does not require any special knowledge or a lot of time. You can do it as follows:
Log in to your personal account on the tax website.
Click on the “Get a deduction” item.
Select the required deduction type.
Determine the year for which you will be granted a deduction.
Enter information about a valid telephone number.
Enter information from the 2-NDFL certificate (if documents are submitted at the beginning of the year).
Specify the amount of expenses.
Provide the required documents.
Enter password (electronic signature).
Click on the "Send" item.
Unfortunately, not all citizens know how long it takes to receive money, so we will provide this information.
How quickly will the money arrive?
Receipt of funds from the deduction must occur within 4 months from the moment the taxpayer submits the declaration and application for its provision. In this case, the desk audit lasts 3 months and within another 1 month the funds are credited to the account.
In the event that an individual first filed a declaration followed by a desk audit, and after the audit an application for a deduction was submitted, the funds will be transferred to the account no later than 3 months from the date of filing the application (clause 6, article 78 of the Tax Code of the Russian Federation).
Conclusion
A tax deduction is a good opportunity to arrange a refund of part of the funds paid by a citizen in the form of personal income tax or a reduction in the taxable base. This can be done online, so individuals do not even need to contact the Federal Tax Service directly. It is also important to understand for what period you can return the tax deduction. In this case, you can apply for it no later than 3 years after paying personal income tax for the tax period in which all expenses occurred. Thus, in 2023, a citizen has the right to receive a tax deduction for the period 2020-2022.
