With the intensification of the aging trend of China's population, the issue of pension has increasingly become the focus of social attention. In order to reduce the burden of support on taxpayers, the state has introduced a special additional deduction policy for supporting the elderly in the individual income tax law. So, for the case of supporting 2 elderly people, can 2,000 yuan be deducted?This article will explain this issue.
First of all, we need to understand the basic content of the special additional deduction policy for supporting the elderly. According to the relevant policies, taxpayers who support their parents who are at least 60 years old (or less than 60 years old but basically lose the ability to work) and other legal dependents can enjoy special additional deductions for supporting the elderly. The specific deduction standard is 2,000 yuan per month for each elderly person, that is, 24,000 yuan per year. It should be noted that the deduction here is made for the taxable income of personal income tax.
So, for the case of supporting 2 elderly people, can 4,000 yuan be deducted?In fact, the special additional deduction policy for supporting the elderly is cumulatively deducted according to the number of elderly people. In other words, if the taxpayer supports 2 eligible elderly people at the same time, then the monthly deduction amount will be 4,000 yuan, that is, 48,000 yuan per year. This policy is designed to ensure that taxpayers can reduce their financial burden while assuming maintenance responsibilities.
Of course, taxpayers need to pay attention to the following points when enjoying the special additional deduction policy for supporting the elderly:
Ensure that the elderly person being supported meets the conditions set out in the policy, i.e. at least 60 years of age or basically incapacitated;
When declaring individual income tax, fill in the relevant information truthfully, including the name and ID number of the elderly person being supported
Keep relevant supporting materials, such as the identity certificate and relationship certificate of the elderly person being supported, for inspection by the tax authorities.
In short, the policy of deducting 4,000 yuan for supporting 2 elderly people is a measure introduced by the state to reduce the burden of taxpayers. While enjoying the policy, taxpayers shall strictly abide by the relevant provisions to ensure the fairness, impartiality and effective implementation of the policy.