Tax refund open! Someone paid 20,000 yuan, but someone returned 30,000 yuan, what's going on?
From the 1st of this month, tax refunds officially begin. Everyone expected a refund of some of their personal taxes, but some did the opposite and paid $20,000 in back taxes. If you don't get a tax refund, why do you have to pay taxes?
Before explaining, we need to understand one thing: after the annual individual income tax final settlement is settled, not everyone can be reimbursed, some people do not need to make up or reimburse, and some people need to pay individual income tax, and the amount of supplementary payment is not low.
Here's a first-hand look at your tax refund:
After the annual personal income tax account is determined, you can carry out the normal personal income tax refund work, but when it comes to the annual one-time bonus, you should have some questions, this money can choose two forms of taxation, one is to be fully incorporated into the gross income, and the other is to pay taxes separately.
All included in the total income is the bonus included in the monthly tax exemption and added to the tax exemption for the whole year; Separate taxation means that the bonus is taken out and calculated separately, rather than being summed up in the annual tax allowance.
Of course, the choice of these two tax cuts varies from person to person, and it is best to choose the one that is most beneficial to you.
It should be noted that some people do not know how to calculate even if they know the calculation rules, so this part of the population often does not know how to choose.
Since you can't do the math, let them do the math for you. What does that mean?
In other words, you can choose one calculation after knowing whether it is a refund or a tax payment, and then choose to cancel the other calculation, and then compare the two to choose the best one, because you can choose to cancel after the calculation is completed, and the limit is 5 times, which is enough to compare the options.
There is also a situation where people will have more questions: how should this situation be handled when you work for two companies at the same time in a year?
It should be noted that many people are now"Slash family", i.e. wearing multiple hats and not being limited to one job, which means that they receive several salaries at the same time. However, when calculating individual income tax, the salary of each job is subtracted from the fixed amount of 60,000 yuan in addition to the respective salary, so there is a problem of double counting.
If that's all we say, it may not be clear to you.
Suppose Mr. A works for companies A and B and receives income of 70,000 yuan and 90,000 yuan respectively from the two companies, since each company has a tax deduction of 60,000 yuan, so after deducting 60,000 yuan from the original calculation base, only 10,000 yuan of wages need to be taxed, and 300 yuan of tax needs to be paid. Company B also subtracted $60,000 from the original calculation base, and the actual taxable wages were only $30,000 and $900 in tax.
However, this calculation is wrong, as the allowance of $60,000 can only be used once per person per year, but if the above calculation is followed, Mr. A has apparently used it twice.
Therefore, the sum of the two salaries will be subtracted from $60,000 and recalculated in the calculation of the year-end summary, so that the calculated tax paid is $7,480. However, Mr. A had already paid $1,200 in tax during the monthly payroll process, so he had to pay $6,280 in back tax after completing the year-end summary calculation.
In this case, some people will ask: Is it so troublesome that personal income tax is not paid?
If the annual tax payment is less than $400, you don't have to pay it, but if it exceeds $400, you must pay it, otherwise it's tax evasion and it's a criminal offense.
Some people don't say they don't give money, but they put it off again and again, and there are rules and regulations in this situation.
If the individual income tax is not paid within the specified time limit, a late fee of 5/10,000 of the amount of tax owed will be paid. Of course, if the circumstances are more serious, the competent authorities will also impose a fine of 50%-500%, so it is better to pay it gradually and not to think about taking advantage of loopholes.
Of course, some people are more surprised that some people have received more than $30,000 in tax refunds.
First of all, it is certain that this person's salary must be very high, after all, it is impossible to get a high tax deduction with a low salary, after all, you have not paid much tax in the first place.
In addition, some people also take into account special additional deductions, such as supporting the elderly, children's education, buying and renting a house, continuing education and training, etc., which can be tax reduced, so they can also be deducted a lot.
It should be noted that among the special additional deductions, there is an item called:"Important medical care"can only be declared at the annual summary.
If Mr. B paid the equivalent of $1.2 million in wages last year, then if calculated based on the wages paid by the company, a total of about 3580,000 yuan of personal income tax.
In March of this year, the final settlement and support for the elderly 360,000 yuan, children's education 240,000 yuan and 40,000 yuan for medical insurance have been completed, so the corresponding salary has been reduced to 11550,000 yuan, so the payment of individual income tax is reduced to 320,000 yuan, and the advance payment is 35$80,000 to make up the difference, so it can be concluded that Mr. B can write off 380,000 yuan tax.