All tax deductions for personal income tax 2021

Why are tax deductions needed?

Real incomes of the population over the past 4 years have decreased by more than 25%. In such a situation, when every penny counts, you cannot neglect the opportunity to receive a tax deduction from the state. Essentially, you are returning the amount that you have already earned but paid to the budget in the form of taxes.

Tax deductions are an opportunity to take part of your personal income tax from the state and thus receive additional income.

Citizens of Russia can receive deductions if they have an official source of income from which they paid personal income tax. It's not just salary. Individual entrepreneurs using the general taxation system, persons working under civil contracts, etc. The main condition is the transfer of personal income tax to the budget.

Personal income tax 15% for excess of 5 million per year: what should a tax agent do?

In 2021, the coronavirus pandemic made moving across state borders much more difficult than usual. Therefore, the limit for recognizing an individual as a tax resident of the Russian Federation in 2020 was reduced to 90 days (clause 2.2 of Article 207 of the Tax Code of the Russian Federation). It is possible that this will be extended to 2021, but so far there is no such information.

Tax officials will collect all information about an individual’s income for the year and if it turns out that the total amount of income exceeded 5 million rubles, they will send a notification to the individual. The taxpayer himself will have to pay the missing amount before December 1 of the next year (clause 6 of Article 228 of the Tax Code of the Russian Federation as amended by Law No. 372-FZ).

When determining the amount of the deduction, the total number of children is taken into account. That is, the first child is the oldest in age, regardless of whether a deduction is currently provided for him or not. The order of children is determined in chronological order by date of birth (letters from the Ministry of Finance of Russia dated November 8, 2012 No. 03-04-05/8-1257, dated April 3, 2012 No. 03-04-06/8-96). The amounts of deductions for disabled children are summed up with ordinary deductions depending on the child’s priority (clause 14 of the Review, approved by the Presidium of the Supreme Court of the Russian Federation on October 21, 2015, letter of the Ministry of Finance of Russia dated March 20, 2021 No. 03-04-06/15803 ).

The parent with whom the child remains has an unconditional right to the deduction;
the other parent has the right to a deduction only if he pays child support;
if the parent with whom the child remains remarries, his new spouse also has the right to a deduction;
children born into the families of new spouses are added to the children who were before the marriage. Those. if there are two children and another baby appears in the new family, a deduction for him will be provided as for the third child.

We count. The tax base - 30,000 rubles is reduced by the amount of the tax deduction for all children - 5,800. It turns out that the accounting department will calculate personal income tax not on the entire amount of 30,000 rubles, but on the difference - 24,200 rubles. Yuri Yuryevich will receive the savings as a salary increase.

One of our readers told us three stories from his career. “My first employer requested documents for children in order to make a deduction, but my colleague and I, who did not have children, had the same salaries. The second one was not at all interested in documents for deduction. The third one added several hundred rubles to his salary every month.” How should it really be?

The main tax base is, for example, wages and remuneration under civil contracts, as well as the income of individual entrepreneurs on OSNO.
From equity participation, including in the form of dividends of a foreign organization, which are recognized in the declaration.
In the form of winnings from gambling and lotteries.
For transactions with securities and derivative financial instruments.
For repo transactions, the subject of which are securities.
For securities lending transactions.
For transactions with securities and derivative financial instruments that are accounted for on the IIS.
Received by participants of the investment partnership.
In the form of amounts of profit of a controlled foreign company.

In 2021 and 2022, to calculate the excess, tax agents will take into account not the totality of tax bases, but each separately. If the limit for each of them is met, the increased rate does not apply. Not everything is clear with this formulation. For example, will the tax office itself then be able to charge personal income tax at an increased rate if the total bases turn out to be more than 5 million rubles? This wording may mean that tax agents will have their calculations a little easier, but they will still have to pay additional tax based on notifications. But in this case there may well not be additional charges at a rate of 15%, because nothing in the law indicates this. So far, no clarity has been provided on this matter.

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How to get deductions

All of the above deductions (except for the transfer of losses on transactions with the Central Bank) can be received within three years from the date of expenses incurred.

You can receive deductions in two ways: from your employer or through the Federal Tax Service. The exception is deductions for expenses for charity and assessment of qualifications - they can only be issued at the tax office.

When receiving standard deductions from the employer, it is enough to write an application and submit the necessary documents to the accounting department (a copy of the child’s birth certificate, for example).

For other deductions, you can also submit documents for the right of deduction to the accounting department, and then tax will not be deducted from your salary (in the amount of the accrued deduction). In this case, in addition to the application, you must provide a “Notice of the right to deduction,” which is issued at the tax office.

To receive it, you must submit a complete package of documents confirming your right to deduction and fill out an application to the Federal Tax Service. The period for reviewing documents and preparing the Notification is 30 days. The employer will provide you with a deduction, i.e. will stop withholding personal income tax from your wages, starting from the month in which you bring him the papers.

Taxable Fund Tax Base for 2021

Tax deduction is an amount that reduces the amount of income (tax base), from which personal income tax is withheld at a rate of 13%. Or is it money sent to the budget earlier to pay personal income tax, which can be returned to the company’s employee. A similar right arises for those who are recognized as residents of the Russian Federation from the point of view of the Tax Code of the Russian Federation and have income on which personal income tax is charged at a rate of 13%. A standard tax deduction is an amount that reduces the tax base for personal income tax. At the moment, employees of enterprises whose annual salary does not exceed 350 thousand rubles can take advantage of the deduction. From the moment this amount is exceeded, the deduction ceases to be provided.

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As for the taxpayers themselves, the amendments do not introduce new obligations for them. Even if a taxpayer receives income from several tax agents, and each amount does not exceed 5 million rubles, and the tax agent withheld the entire tax at a rate of 13%, the taxpayer does not have an obligation to file a tax return.

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Property deduction for the purchase of housing is provided by reducing income subject to personal income tax. Therefore, if there is no income during the year or it is not enough to provide a deduction in full, then the deduction is transferred to the following years until it is fully used (clause 9 of Article 220 of the Tax Code of the Russian Federation).

How to prepare and submit a tax return

To apply for a deduction through the Federal Tax Service, you should submit a tax return in form 3-NDFL in the year following the reporting year (the year in which the expenses were incurred) and attach all supporting documents.

This can be done by visiting the tax office in person (don’t forget to take the original documents with copies), by mail, or by submitting online through your personal account on the tax office’s website.

To do this, you must select the item “Filling out and submitting the 3-NDFL tax return electronically.”

Click the “Fill out a new declaration” button, select the year for which you will report and then enter the necessary data in the fields to fill out.

Moreover, if your employer has already reported to the inspectorate for that period, then data on your income will be entered automatically.

In one declaration, it is possible and necessary to declare all groups of deductions at the same time, since only one declaration is submitted in one period.

Once completed, you will need to sign it. To do this, you will need to obtain an electronic signature key verification certificate right there on the website.

Remember the password for this certificate, you will need it next year if you apply for deductions again.

Scanned copies of all documents should be attached to the declaration and the entire package should be sent to the Federal Tax Service.

You can submit a declaration for the previous year starting from January 1 of the current year. If you declare income, you must do it before April 30th. If you submit only for deduction, then at any time.

After submission, it undergoes a desk review within 3 months. Based on the result, the right to deduction is confirmed (or missing documents are requested). The deduction amount will appear in your personal account as “Overpayment”.

In order to withdraw money to yourself (to any card), you need to click on the “Manage overpayment” button, fill in the missing details and wait for the money to arrive. Withdrawal of funds is carried out within 30 days from the date of application.

In total, after 4 months from the date of submission, you will receive money in your account. Sometimes this happens faster (in large cities), but usually the tax office follows the existing inspection standards on a day-to-day basis.

What is the limit of deductions for personal income tax in 2020-2021

6,000 rubles if the deduction is received by guardians, trustees, adoptive parents, the spouse of an adoptive parent for a disabled child under 18 years of age or a child who is a full-time student (graduate student, resident, intern, student) under the age of 24 years, if he is a disabled person of the 1st or 2nd group;
12,000 rubles if the deduction is received by parents, the spouse of a parent, adoptive parents for a disabled child under 18 years of age or a child who is a full-time student (graduate student, resident, intern, student) under the age of 24 years, if he is disabled 1st or 2nd group.

If the parents have not registered a marriage, but at the same time have children from a previous marriage, then for the purposes of obtaining a deduction for children, each of the parents takes into account only their own children (letter of the Ministry of Finance of Russia dated March 20, 2012 No. 03-04-08/8-52, Federal Tax Service of Russia dated 04/05/2012 No. ED-4-3/ [email protected] ).

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How to pay personal income tax at a rate of 15% and fill out 6‑personal income tax: read the explanations of the tax authorities

Next year, personal income tax on income over 5 million rubles. need to be calculated using the formula: 650 thousand rubles. + 15% of the excess amount (see “From 2021, the personal income tax rate will be increased for large incomes”). And you need to transfer the tax calculated at the combined rate in two payments. Federal Tax Service specialists spoke about how to pay income tax in 2021 and fill out the calculation in Form 6-NDFL in a letter dated 12/01/20 No. BS-4-11 / [email protected]

from the sale of any property (except for securities) or shares in it;
in the form of the value of property (except for securities) received as a gift;
insurance payments and pension payments (clause 1.1 of Article 224 of the Tax Code of the Russian Federation).

07 Jun 2021 urisgkmo 40
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