The annual individual income tax declaration is here again.
Many friends can receive the "tax refund red envelope" issued by the state, but because of improper operation, they need to pay taxes.
Introduce two tax refund tips to get more red envelopes.
Usually, our withholding agent (usually the company where we work) helps us pay taxes on a monthly basis in accordance with the tax law;
After this year, let's go back and sum up the next year, pay more or pay less:
The state calculates four types of income on a year-by-year basis, including wages and salaries, remuneration for labor services, author's remuneration and royalties, and then deducts taxes according to the corresponding tax rates.
If you pay more, then the state owes us money, you can apply for a tax refund, get a "red envelope", common in these situations:
1) Assuming that in 2020, the comprehensive total income of the arbor does not exceed 60,000 yuan, but after inquiry, there is a record of prepaid individual income tax, then I can apply for a tax refund and get a sum of money.
2) If there is a change in the monthly salary in 2020, the income in the first half of the year is higher, and the company's performance is sluggish in the second half of the year, and the income plummets or even loses employment, then there will be a deviation between the prepaid tax and the amount payable, and there is also a chance to get back the overpaid money.
In addition to changes in personal income, there are also these circumstances that will also cause the prepaid tax to be greater than the tax payable, and it is also possible to get some money back, that is, to make full use of the special deduction:
1) For example, in 2020, the spouse or child unfortunately has a serious illness and has a large amount of ** expenses;
2) The child started school last year, including kindergarten, or has a rental house for working outside the home, has a mortgage for buying a house by himself, and the elderly in the family have reached the age of support (over 60 years old), etc.;
3) In 2020, our country was affected by the epidemic, donating to the best of our ability, etc.
If it is underpaid, then it will be made up according to the actual amount of underpayment, and we need to consciously make up for it to the state, which is common in these situations:
1) If your income in the first half of the year is low, and you get a promotion or a salary increase in the second half of the year, you will get more monthly salary, so there is a high probability that you need to pay back taxes.
2) Or in addition to their own work income, they also paint, write articles and submit articles in their spare time, and the total income is higher than the withholding tax rate, which is also to be paid!
3) If you change jobs in the middle of the year, the new company does not calculate the amount paid by the previous company.
If you are reminded to make up the payment, popularize a money-saving trick:
When the money does not exceed 400 yuan, or our income last year did not exceed 120,000 yuan, there is no need to make up the payment.
Therefore, even if the annual income is less than 120,000 yuan, it is recommended to make the next tax declaration, and there may be a tax refund surprise.
Students with an annual income of 120,000 yuan will take the initiative to declare according to the regulations, and if they do not declare, it may affect their personal credit.
How to handle the annual tax settlement.
There are three ways to handle the official introduction: do-it-yourself, ask the company to handle it, and entrust a professional service organization.
As a young person in the new era, it is recommended that you handle it yourself! Search for "personal income tax" directly in the app store or app store, *install and register.
After entering the application page, you can enter the year-end tax settlement confirmation screen in these three simple ways:
1) Click on the upper left corner: I want to do taxes - select the required items - such as comprehensive annual income settlement;
2) Click on the year-end tax settlement in the middle of the home page - Start filing - select the annual information.
3) Scroll down on the home page to find the commonly used business - select the one you need from the 4 businesses - such as the comprehensive income annual tax settlement - select 2020.
Here take the first way as an example, the steps are as follows:
I want to do taxes - comprehensive personal income annual reconciliation - select the declaration year 2024 - read and know the tips - fill in the work unit.
Finally, submit the tax refund application - fill in the bank card information - wait for the tax review - the treasury processing - check the account, and it is completed.
Two tips for tax refunds.
In fact, the individual income tax declaration is not too complicated, and everyone can do it, but there are still some operating skills:
The first trick is to make good use of the special additional deduction:
1) Children's education: The expenses related to the taxpayer's children's pre-school education and academic education shall be deducted according to the standard fixed amount of 2000 months for each child.
2) Continuing education: Taxpayers who receive academic qualifications can be deducted at a fixed amount of 400 yuan per month during the specified period, and the expenses of non-academic continuing education can be deducted at a fixed amount of 3,600 yuan.
3) Serious illness medical treatment: The out-of-pocket medical expenses incurred by the taxpayer in a tax year exceed 1The part of 50,000 yuan can be deducted within the limit of 80,000 yuan per year.
Teach you a simple way, **National Medical Insurance Service Platform APP, after face recognition, you can directly see that you meet the amount of "serious illness medical treatment" that can be deducted from individual income tax.
4) Housing loan interest: The interest expense of the first housing loan incurred by the taxpayer himself or his spouse can be deducted according to the standard fixed amount of 1,000 yuan per month.
5) Housing rent: If the taxpayer and his or her spouse do not have housing in the taxpayer's main working city, they can be deducted from a fixed amount of 800 yuan to 1,500 yuan per month according to the different cities where the rented housing is located.
Note that you can only declare one of the two items, mortgage and rent.
In first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, in fact, the tax deduction for renting a house can be higher than that of a mortgage, which can be regarded as saving some money for young people working hard in big cities.
6) Supporting the elderly: If a taxpayer supports his or her parents aged 60 or above, he or she shall be deducted according to the standard of 3,000 yuan per month.
The second trick is to make good use of the tax calculation method:
One-time bonus income, usually year-end bonus, we can choose salary in the income column:
Click in to select the tax method of the winnings and see which tax method is the most cost-effective for us to calculate the tax method separately or incorporated.
How to deduct individual income tax for commercial insurance.
The commercial health insurance we usually buy, including life insurance, critical illness insurance, medical insurance, etc., is usually not tax deductible.
There are three types of commercial insurance that are tax-deductible:
1) Enterprise annuity.
This is a supplementary pension benefit given by the company or unit, which cannot be bought by individuals in the market.
2) Specific tax-advantaged health insurance.
The product model is 1-year medical insurance + universal insurance, but it must have a special tax preferential identification code to be deducted, and the maximum limit is 2,400 yuan per year.
Moreover, the product has just come out for a few years, and it is currently too niche, and there are many limitations such as low insurance amount and low reimbursement ratio, and the insurance company does not have a lot of motivation to push, resulting in few channels for us to buy;
Generally, it is necessary to apply for insurance through a group, that is, the enterprise is the leader, and the enterprise needs to upload the business license, financial unified tax declaration, etc., which is more troublesome.
I hope that tax-advantaged health insurance, enterprise annuity, and occupational annuity will gradually form a mainstream form in the next few years, and I will actively popularize science to you at that time.
3) Tax-deferred personal pension insurance.
To put it simply, the money that is used to pay taxes now is used to buy pension insurance, and then pay taxes when you receive the money after retirement.
The annual limit is 12,000 yuan, and according to different tax rates, the personal pension part can be refunded up to 5,400 yuan.
At the end, whether it is a tax payment or a tax refund, I hope everyone can look at the issue of tax declaration more properly.
The growth of Xiaobai's financial management