Complaining about the high cost of education, many do not even suspect that part of the amount spent on training can be refunded. True, for this you will have to collect documents, provide information about income and try to figure out how to return 13 percent for study. And given the fact that 2/3 of all students study on a fee basis, this topic should interest many.
Theoretical base
The law provides that every taxpayer has the right to social deductions. The relevant Federation Code spells out cases in which this is possible. So, social tax deductions can be provided from the amount that was paid for training in each calendar year. At the same time, partial compensation in the amount of 13 percent for study can be obtained both for your paid education, and for the education of siblings and adoptive children, brothers or sisters.
Parents can count on tax deductions until their children are 24 years old. At the same time, they must study full-time. Guardians can receive compensation for paying for the education of their wards until they are 18 years old. But at the same time, the amount of compensation for both parents cannot exceed 50 thousand rubles per child. Also, a refund of interest for studies takes place in the case of payment for education at a full-time department of a brother or sister who is under 24 years old.
Conditions for Payments and Reimbursable Amounts
In order to receive 13 percent of the tuition, your educational institution must have a license or other document confirming its status. However, if the payment is made at the expense of the parent capital, then compensation payments are not provided. Another condition is the mandatory filing of a tax return at the end of the reporting period.
Please note that the basis for compensation for the amount of children’s education cannot be more than 50,000. And if you spent money on your own studies, the state will return 13% of the amount that does not exceed 120,000 rubles for one calendar year. At the same time, tax deductions for the previous three years can be formalized by submitting the relevant income statements and related documents.
How is the payment made?
Before you dream about where you will spend the funds returned by the state, ask how to return 13 percent for studies. To begin with, all conditions regarding the educational institution and the student's age must be observed (when paying for the education of children, brothers, sisters). Moreover, all taxpayer income must be declared and filed with the appropriate authority within the time allotted for this.
If all the conditions ensuring a return of 13 percent from studies are met, then you can apply for compensation for tuition. The decision on each specific case and the calculation of the amounts to be reimbursed are made within three months. If during the indicated period from the moment you filed an application for compensation, you have not received any money or a reasoned refusal from the tax, then you have every right to complain to a higher authority.
Required documents
Before you go to the tax office, it is advisable to thoroughly figure out how to return 13 percent for study. If you miss a document, the amount due to you will not be compensated. So, the list of required securities includes the following:
- completed declaration;
- compensation application for tax service;
- salary information issued in the special form 2-NDFL;
- an agreement with an educational institution in which paid provision of services is prescribed;
- receipts, payment orders or other documents that can confirm payment for education.
If you file a tax deduction for children's education, then you need a certificate that confirms the full-time education, the birth certificate of the child (or a document on the appointment of guardianship). When paying for the training of brothers or sisters, you must confirm your relationship.
Important Nuances
If you want to figure out how to return 13 percent for your studies before going to tax, you can simply download a program on the official website of the Federal Tax Service that allows you to fill out a declaration and find out yourself whether you are entitled to compensation. If so, then you can start collecting documents.
Please note that the payer specified in the payment order or receipt must be the person who will draw up the tax deduction. Otherwise, the tax is not entitled to reimburse it. You also need to know that submitting receipts for tuition earlier than the tax period ends is pointless. Documents must be provided only at the place of your registration. By the way, the amount paid for tuition is not only subject to return to a higher educational institution. Compensate for paid kindergarten, school and secondary technical education.
In addition, be prepared for the fact that you may not be returned the full amount that you expect. The amount of tax refund you receive depends not only on how much you have spent. No less important is the amount that was paid from your income to the budget as taxes.