For many people, the fact that part of the money spent on getting an education can be returned to their wallet is still unknown. How to get a tax deduction for tuition? Now we will consider in detail in what cases it is put, on what maximum amount you can count on, and what actions on your part should be.
So, the
tax deduction for training at a driving school or any other is finances in the form of personal income tax, which can be returned to your personal budget. How is its maximum amount calculated? Calculate your total income for the year before tax and take 13% - this is the tax paid by you, it is also the maximum possible amount of
social deduction. How to get a tax deduction for tuition with this money? Calculate how much during the same year you spent on education and take 13% from it. If the received number does not exceed the previous one, then this is exactly how much you will be reimbursed, if on the contrary, you can only count on the maximum value of the taxes paid. We can say that the deduction is paid from your funds, which were received in the budget in the form of personal income tax, more than you can not get.
There are some more features. Firstly, an educational institution with which a contract is concluded must have a license. How to get a tax deduction for tuition? Collect the necessary package of documents (application for deduction, the second - for a tax refund, a copy of the contract with the educational institution and its license, payment documents for payment, a certificate of training and 2-personal income tax for you). The tax office must be contacted before the expiration of three years from the moment when the training took place. That is, getting a deduction for the first year, when the young man has already graduated from college, will fail. Therefore, do not postpone the question for a long time, contact the tax service every year.
Every citizen has the right to deduction. This includes: own education (any); study of native children (full-time, until they reach the age of 24 years); training for children in care (full-time, up to 18 years old) or previously in care (full-time, up to 24 years); education of siblings (full-time, up to 24 years). There is no deduction for husband or wife training. They themselves should apply for it. The right to deduction is canceled if maternity capital was used or the employer paid for training (except for the situation when the employee then returns the amount paid from the salary, for example).
How to get a tax deduction for tuition? Payment is made only for the period in which the tuition fee was paid. If it was paid at one time for all years and 13% of the fee exceeds the allowable threshold, the residue of the deduction burns out, it cannot be received in another year. Therefore, think over the question in advance. It might be worthwhile to pay tuition fees and write a tax return annually. If the contract is concluded between the educational institution and the parent, and the
receipt of payment is issued in the same name, there will be no problems. If all documents are written in the name of the child, the father or mother will have to prove the right to deduction in court. Therefore, immediately draw up an agreement for one of the parents so that later there are no unnecessary questions from the tax inspectorate.
Can I get a tax deduction for studying at a driving school? You can, under the same conditions.