It's the end of 2023, and the special additional deduction for individual income tax can be confirmed!This is of great help in reducing our financial burden, and last year some people refunded up to tens of thousands of yuan, which is enough for a year's living expenses.
Special deduction refers to the specific expenses deducted by taxpayers within a certain limit in accordance with national regulations when calculating individual income tax. These expenses include, but are not limited to, children's education, continuing education, medical treatment for serious illnesses, housing loan interest, housing rent, support for the elderly, and infant and child care. Let's take a closer look at how these special deductions are calculated.
1. Children's education.
Children's education expenses refer to the expenses paid for children's academic education, such as tuition, accommodation, and books.
According to national regulations, the deduction standard is 2,000 yuan per month per child, which means that you can enjoy up to 240,000 yuan deduction for children's education expenses.
2. Continuing education.
Continuing education expenses refer to the tuition fees, accommodation fees, book fees and other expenses paid by taxpayers for various continuing education and training in order to improve their professional skills.
Among them, the deduction standard for continuing education expenses for academic qualifications is 400 yuan per month, and the deduction standard for continuing education expenses for vocational qualifications in the year of obtaining relevant certificates is 3,600 yuan per year.
3. Serious illness medical treatment.
Serious illness medical expenses refer to the medical expenses incurred by the taxpayer due to illness**. According to national regulations, taxpayers can deduct a certain amount of serious illness medical expenses within the limit every year with relevant supporting materials after reimbursement by medical insurance.
When handling the annual final settlement, it can be deducted within the limit of 80,000 yuan.
4. Housing loan interest.
Housing loan interest expense refers to the interest expense incurred by the taxpayer himself when he or she applies for a loan from a bank for the purchase of a house. According to national regulations, taxpayers can deduct a certain amount of housing loan interest expenses within the limit every year with relevant supporting materials. The deduction standard is 1,000 yuan per month.
It should be noted that the interest deduction for the first home loan can only be enjoyed once.
5. Housing rent.
Housing rental expenses refer to the rent expenses paid by the taxpayer to the lessor of the house due to his residence. According to state regulations, taxpayers can deduct a certain amount of housing rent expenses within the limit every year with relevant supporting materials.
There are certain differences in the deduction standards in different cities, which are mainly divided into three grades, namely 1,500 yuan per month, 1,100 yuan per month and 800 yuan per month.
6. Supporting the elderly.
Expenses for supporting the elderly refer to the expenses incurred by taxpayers in supporting their parents or other legal supporters who have reached the age of 60. According to the provisions of the state, taxpayers can deduct a certain amount of expenses for supporting the elderly within the limit every year with relevant supporting materials.
The deduction standard for an only child is 3,000 yuan per month, and the deduction amount for a non-only child is 3,000 yuan per month shared with siblings, and the specific deduction standard will be different according to the actual situation.
7. Infant and child care.
Infant care expenses refer to the expenses incurred by taxpayers in order to take care of infants and young children, such as nanny fees, childcare fees, and preschool education fees.
According to national regulations, the deduction standard for each infant is 2,000 yuan per month per child, which means that you can enjoy up to 240,000 yuan deduction for infant and child care expenses.
The implementation of these special deduction policies can help taxpayers reduce their financial burden and improve their quality of life. When calculating individual income tax, taxpayers can choose the corresponding special deduction items according to their actual situation and prepare relevant supporting materials for declaration. The implementation of these special deduction policies not only reflects the national policy orientation, but also provides strong support for promoting social equity and stability.