Every citizen who receives income must pay income tax to the budget. Tax legislation provides for benefits that give the right to return part of the listed tax in connection with certain expenses.
For what expenses can I return personal income tax
Almost every citizen receiving a salary has expenses that fall under the tax credit. Depending on the type of spending, the state can return part of the paid income tax accrued at a rate of 13%. The legislation establishes several types of tax deductions: social, property. To take this opportunity, you need to contact your local tax authority and submit a specific package of documents.
The main document confirming the expense incurred is the 3-NDFL declaration. Also, the taxpayer needs to write an application for the return of personal income tax and for a deduction.
The applicant can return the tax in several ways: through the tax office or directly from the employer. Property deductions can be provided in the current year, and social deductions only after the end of the reporting period.
Who can apply
An application for the return of personal income tax is submitted by the person who incurred the expense. If the citizen paid for the treatment or education of the child, then the contract should indicate the personal data of the taxpayer. When buying a home, the initials and passport data are indicated in all payment documents. A sample application for the return of personal income tax can be found on the website of the tax authority. You can also consult about filling out a declaration.
There are cases when the property deduction is received by both spouses, having previously agreed on the percentage of the amount of tax returned. This method is used when the salary in the family varies significantly, and get a deduction faster with a larger amount of income.
How to fill out a personal income tax return application form yourself
The return application has a standard form and is addressed to the head of the territorial branch of the tax inspectorate. You can fill in the form in manuscript or using a computer program.
The application for the return of personal income tax contains the information part where the personal data of the taxpayer are entered, as well as his address and phone number. In the application part of the document indicates the amount of tax to be returned. This amount can be taken from the declaration of 3-personal income tax. Next, you need to fill in the bank details for which a refund will be made.
In support of the fact that all the information is correct, the application for the return of personal income tax must be personally signed by the applicant. In case of incorrect indication of the bank details, funds may be lost. Therefore, you should check the entered digital information several times.
How are tax refunds applied?
There are several standard methods for submitting documents to the tax office. The application form for the return of personal income tax can be taken to the supervisory authority in person, and if another person does this, then a power of attorney is required. Also, the document can be sent by mail. To do this, you need to draw up the shipment with a valuable letter and put an inventory in the envelope. A mail notification sent by the tax upon receipt of the letter will be proof that the application form for the return of personal income tax has been accepted for consideration.
The income tax refund is of great importance, since this amount can reach up to 260,000 rubles. Do not neglect this possibility of receiving funds, especially since the return procedure is currently simplified as much as possible.