Employed citizens who receive a salary or have other sources of income are required to pay income tax to the state budget.
They increase the wages of citizens, or provide the opportunity to return some part of the money previously spent on paying for a course of treatment in medical centers or resolving housing issues.
Many are also interested in the question: How much income will be accrued in 2017?
The amount of child tax refund you receive can be determined by several factors. There is a certain list of documents, according to which the amount of money returned to citizens after paying tax contributions is determined.
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What does the legislation say?
In accordance with the provisions clause 1 art. 56 Tax Code of the Russian Federation, tax deductions mark categories of citizens who have any advantages over others. These categories of citizens are given the opportunity to avoid taxation or make partial payments to the Federal Tax Service. All deductions apply only to income, which is subject to a 13% rate. This is indicated in paragraph 3 of Art. 210 Tax Code of the Russian Federation.
The amount of the child benefit is established in accordance with the current regulations Art. 218 Tax Code of the Russian Federation.
In paragraph 1 of section. 4 subjects are determined entitled to such a deduction. These are related to:
The order of the Ministry of Finance states that the provisions of the legislative framework imply a standard tax deduction for minor children for two parents in whose care the children are. In the event of a divorce, one of the parents may refuse to provide such a benefit. In such situation double deduction may be granted to the parent having custody of the children.
The legislation also provides for the size of such deductions, determined by the number of minor children in the family.
Income limit
Fathers or mothers are provided with double the tax benefit. When one of the parents or guardians refuses such a benefit, the other can fully count on a double deduction. Starting from 2016, the maximum amount of parental income to receive personal income tax benefits for children for all categories of taxpayers without exception is 350,000 rubles. This is exactly 70,000 rubles. more than in 2015.
As the legal portal in St. Petersburg has already notified everyone, the government has given its consent to the allocation of special funds for support. They justify this decision by the real need to provide greater material support to families with a relatively low level of social security. It should be noted that the established limit is 350,000 rubles. makes it possible to apply for a benefit for the entire year only to citizens whose income only slightly exceeds 29,000 rubles. For others, this opportunity will end in the month when this amount is exceeded.
According to information provided by Rosstat, based on the summed up results before the end of 2015, the average salary in the country was approximately 32,000 rubles. This means that for many citizens of the Russian Federation who are raising small children, it becomes possible to claim only a small amount of financial support.
How to track the maximum amount
To avoid mistakes when comparing income with the limit, you need to follow three basic rules:
- First of all, when determining the limit, you need to take into account income that is subject to tax at a 13% rate. These include payments under approved civil agreements, monthly salaries, etc. Receipt of dividends is not taken into account. From 2016, they are taxed at the standard rate of 13%, but the standard dividend relief does not apply. This is stated in paragraph 3 of Art. 210 Tax Code of the Russian Federation;
- If income falls under any other tax rate, it should not be included in the calculation. Also not taken into account are amounts that are not subject to any taxes at all. Income, some of which is not subject to personal income tax, must be taken into account in the limit only to the extent that will be subject to the 13% tax. For example, funds in the amount of 4,000 rubles spent on the purchase of gifts will not be subject to personal income tax, and therefore are not taken into account when determining the limit;
- If an employee has been working in an organization not since the beginning of this year, the limit must be calculated taking into account income from 2016 from other employers. To determine the limit, you will have to provide 2-NDFL declarations from the organization in which the citizen previously worked.
This is the basic principle of determining the limit on your income to determine personal income tax benefits for children.
Deduction amounts
From January 1, 2016, the amount of personal income tax deductions will increase for all citizens who have children with disabilities in their care.
Such a bill was introduced into force.
Tax benefit amount provided monthly will correspond to:
For each adoptive parent, guardian, or guardian, the amount of tax benefits for children is determined in a similar amount. If there are children under guardianship with an assigned disability status who are studying in educational institutions, the amount of such a deduction will correspond to 6,000 rubles.
The rules for providing a standard tax deduction are described in the following video: