Calculation method of cumulative special deductions.
1. Calculation method of cumulative special deductions.
1.The calculation method of cumulative special deduction includes the following four steps:
1) Children's education: 1,000 yuan per month for each child, calculated for 12 months per year.
2) Continuing education: 400 yuan per month for academic education and 3,600 yuan per month for vocational qualification continuing education.
3) Serious illness medical treatment: up to 80,000 yuan per year.
4) Housing loan interest: 1,000 yuan per month, calculated for 12 months per year.
2.The calculation method of the cumulative special deduction also includes the following three steps:
1) Children's education: 1,000 yuan per month for each child, calculated for 12 months per year.
2) Housing loan interest: 1,000 yuan per month, calculated for 12 months per year.
3) Housing rent: 800 yuan per month, calculated for 12 months per year.
2. Precautions for calculating cumulative special deductions.
1.The scope of special deduction for children's education includes education, kindergarten and junior college, undergraduate, graduate and doctoral education in China, including full-time and part-time education. Children's education needs to be deducted by both parents through negotiation, and if both parents have not reached the statutory retirement age, one of the parents can be deducted at 100% of the deduction standardIf both parents have reached the statutory retirement age, the parents may choose to deduct 100% of the deduction rate by one of them or 50% of the deduction rate by both parents. The specific deduction method cannot be changed within a tax year.
2.The scope of special deduction for continuing education includes continuing education expenses for academic qualifications (degrees) received in China, as well as continuing education expenses for vocational qualifications for skilled personnel and professional and technical personnel. Continuing education for academic qualifications (degrees) is not limited to the current education stage, and a fixed amount of 400 yuan per month will be deducted during the academic (degree) education periodThose who receive continuing education for vocational qualifications for skilled personnel and professional and technical personnel shall be deducted according to a fixed amount of 3,600 yuan in the year of obtaining the relevant certificates.
3.The scope of special deduction for serious illness medical treatment includes out-of-pocket medical expenses outside the medical insurance catalog, that is, medical expenses such as drugs, diagnosis and treatment items, and medical consumables that are not covered by the medical insurance catalog. The deduction standard for serious illness medical treatment is up to 80,000 yuan per year, that is, the part of medical expenses that does not exceed 80,000 yuan per year can be deducted at the time of annual final settlement.
4.The scope of special deduction for housing loan interest includes loan interest expenses for the purchase of the first home and loan interest expenses for the purchase of the second home. The deduction standard for housing loan interest is 1,000 yuan per month, that is, the loan interest expense that does not exceed 120,000 yuan per year can be deducted at the time of annual final settlement. It should be noted that the criteria for determining the first home and the second home are based on the first repayer specified in the loan contract. At the same time, the husband and wife may agree to determine who will deduct the expenses incurred in the first house purchased by the married couple before marriage, the education of children, the interest or rent of housing loans, the expenses of supporting the elderly, continuing education, and donations to eligible public welfare and charitable undertakings. The specific deduction method cannot be changed within a tax year.
5.The scope of special deduction for housing rent includes housing rent expenses and public rental housing rent expenses incurred during work in China. The deduction standard for housing rent is 800 yuan per month, that is, the annual cumulative housing rent expenditure does not exceed 9,600 yuan, which can be applied for deduction at the time of annual final settlement. It should be noted that the expenditure on public rental housing rent also falls under the category of housing rent expenditure. At the same time, eligible expenses such as the rent expenses of the first home purchased or registered by the married couple before marriage, and the interest expenses of the first home loan purchased or registered after the marriage can also be deducted at the time of annual final settlement. The specific deduction method cannot be changed within a tax year.