It's important to keep an eye on wages before the end of the year, but beware of pitfalls
At the end of the year, many people are most concerned about their salary and personal income. Make sure you get your tax refund by December 31, but be careful to avoid these pitfalls.
The first myth: the problem of deduction rates for infant care expenses.
For families with children, the cost of infant care is deductible before tax. However, it is important to be cautious when applying for health insurance to determine the appropriate deduction rate for medical expenses. According to China's relevant regulations, the amount of tax reduction that residents in different regions and economic conditions can enjoy is different, so we must carefully examine the relevant policies to ensure that the tax reduction is correct.
The second myth: a child's tuition waiver.
The issue of tuition waiver for their children has always been a concern for many parents. When handling export tax rebates, we must ensure that we meet the relevant qualifications and requirements, and strictly abide by the prescribed quota. However, it is also necessary to take into account the reasonable determination of the fee standard, such as tuition fees, book fees, etc.
The third myth: ignoring the number of years of full-time study.
It is important to clarify the time limit for the calculation of fee reductions for the duration of the continuation of study. If you have graduated in full before December 31 as required by the policy, you will be eligible for the deduction. Therefore, when applying for admission, you must confirm that you have graduated, and you must complete the corresponding procedures before the specified deadline.
The fourth myth: the reduction of pension costs.
The pension deduction system has also attracted the attention of many people. During the application process, it is necessary to accurately fill in the relevant information of the pension institution and submit the relevant information. On this basis, it is also necessary to take into account the amount and standard of old-age security to ensure the satisfaction of old-age insurance funds.
The fifth myth: continuous learning deductions.
The continuing education exemption system helps individuals improve their abilities and qualities. When applying, it is important to select a suitable training plan and submit relevant information. In addition, it is also necessary to understand the scope and conditions of tax deduction to prevent overreporting or non-reporting.
Myth 6: Critical illness is deductible.
The medical insurance waiver policy for critical illnesses can effectively reduce the financial pressure on patients and their families. When filing tax returns, relevant medical records and reimbursement vouchers should be submitted, and tax refunds should be processed at a certain rate.
Myth 7: How to deduct from the mortgage after buying a house.
After purchasing a house, buyers can enjoy a reduction in the interest rate of buying a house when they buy a house. When applying, you should truthfully fill in the relevant personal housing credit information and submit the required information. In addition, it is also necessary to know the relevant exemption conditions and conditions to ensure compliance with relevant national laws and regulations.
Myth No. 8: Rental housing is a tax credit.
Those who rent a house can enjoy the rent reduction policy. When going through the leasing procedures, please be sure to fill in the rent information truthfully, and submit the lease agreement and related invoices at the same time. In addition, it is necessary to understand the amount and conditions of the tax reduction to ensure that it is consistent with the relevant laws and regulations.
In short, it is important to pay attention to the above hidden dangers when filing salary and personal income tax returns at the end of the year to prevent misstatement or understatement. Keep abreast of relevant laws and regulations, consult relevant experts, and confirm your own situation to ensure the accuracy and compliance of information. Only by filing tax returns accurately and paying taxes reasonably can the tax burden be minimized and tax incentives can be obtained.