How to calculate the tax deduction

Very often, citizens have the opportunity to return the amount of tax collecting when making a large purchase, or for the existing children and the expenditure on them. As you know, income tax in the Russian Federation is 13 percent of the total. You can return part of this money, and sometimes the whole amount entirely. This article will consider the two main causes of tax deduction: property, that is, with a large acquisition, and deducts for children. You can calculate this amount yourself using formulas and approximate values, or according to the instructions for the online calculator at the end of this article.

1
How to calculate the tax property deduction itself

By purchasing housing, you already enter into the right to receive deduction, however, you need to take into account immediately: the order of receipt of the deduction when buying an apartment in the mortgage is different from other acquisition methods. Consider more this option.

How to calculate property deduction for mortgage percentages

To learn more about mortgage tax deduction, read the article. How to get a tax deduction when buying an apartment in a mortgage. How is the calculation of the return of funds:

Immediately it is worth saying that you can get a deduction for mortgage interests you can only after paying these most percentages.
The total amount to be returned is 390000 rubles, that is, 13 percent of 3 million rubles. If you paid less than three million, then the refund is carried out from the amount you paid.
The amount of deduction is divided into all owners of the apartment who participated in the transaction.

For example, over the past two years, you paid 4 million in mortgage percentages. This means that you will receive 390 thousand rubles, but no more than that, since this is the maximum amount of mortgage property deduction. Always subtracted percentage will be 13 from the funds made.

How to calculate property deduction

As for the tax property deduction, with other types of buying housing, the maximum amount of deduction here is equal to two million rubles. So you can only get 260 thousand rubles back. This type of deduction has its own main plus: your right to get it appears, a year after the transaction. You do not need to wait when you pay off interest, as in the case of a mortgage deduction.

For example, you bought an apartment or a land plot worth 6 million rubles without using a mortgage loan. Thus, you get 260000 through one calendar year, but no more than this amount, since it is 13 percent of two million.

If you have acquired a land plot and built a house on it - the amounts are folded until two million rubles work.

About the procedure for receiving deduction Read in the article How to get a property deduction.

2
How to calculate a tax deduction for a child

Each officially employed citizen has the right to tax deduction for the existing children, however, the material payment at a certain point will be stopped, namely:

As soon as your income for the current tax period exceeds 350,000 rubles, the deduction will be stopped.
From the next tax period, the payment will resume again.

Now about the amount of deduction:

For one child in the family you get a tax deduction in the amount of 1400 rubles.
For the second child, the amount remains the same - 1400.
And for the third and subsequent you will return 3000 rubles.

Separately calculated tax deduction for a disabled child. The amount from which the tax deduct is 12,000 rubles.

Let's consider an example: if your wage is 50,000 rubles and you have three children, then actions will be:

1400 + 1400 + 3000 is the amount of tax deduction, since 1400 rubles are required for the first two children. As a result, it turns out 5800.
50000 - 5800 - the difference between your salary and the amount of deduction. That is, you will get the number from which the income tax must be submitted, it is equal to 44200.
Now 44200 multiply by 13 and divide by 100. It turns out, 5746 rubles you pay as income tax. Without deducting for children, this amount would be much more.

3
How to calculate the tax deduction online

There are many sites where you can find out your deduction, simply by entering the necessary data. For example, you can take the service http://vsevichety.ru/calculator, follow the link.

The very first string in the form will be your annual income. You can only enter this value approximately, and then get an approximate amount of deduction. When submitting documents, you will need a Help 3-NDFL, where income is indicated in detail. Fold all wages for 12 months.

Costs are specified in the second form block. For example, if you bought an apartment, then fill in the first string of the block. If the apartment was with a mortgage loan, then the first two lines.

Visual example: a citizen gets 30,000 per month, that is, 360000 for the whole year. He bought an apartment for 4 million without a mortgage. Thus, you see in the lower lines that this year it has 46,800 rubles, and in the next - 213200.