When can I apply a tax deduction to children?

Since ancient times, the government has sought to impose taxes on the population of its state. The civilian population must, at a certain time, bring the established monetary amount to a person whose duties include such accounting.

Tax collections of funds from the population are held today. However, the procedure for paying these taxes has become much simpler (compared to the past time). Now the employer is responsible for the timeliness of such deductions, since they are made automatically from the wages of subordinates. The basic tax, which is imposed on this category of citizens, is personal income tax. A saving circle, although small, for taxpayers are tax deductions, for example, a tax deduction for children.

This deduction is made monthly (in the amount of 1400 rubles per child). However, such a deduction will be made only until the amount of wages for months does not exceed the bar of 280 thousand rubles. It should be noted that parents with many children are given a deduction for all children following the second, in the amount of 3 thousand rubles. The tax deduction for children is also valid for disabled children and is 3 thousand rubles, but this is only until the day when the child turns 18 years old. But, if this child is an invalid of I or II group and is being educated in full time, then the parents can receive a tax deduction for children in the amount of 3 thousand rubles for up to 24 years.

To date, Russian citizens have the full legal right to receive tax deductions related to four different categories. Standard, to them, by the way, and includes a deduction for children, include 2 more categories. This, for example, persons who have received awards from the state, they can count on a deduction from the tax base of 500 rubles. Among the "lucky ones" are people who suffered as a result of disasters at the Mayak and Chernobyl nuclear power plants. And, of course, the invalids of the Great Patriotic War are not ignored. They, too, are entitled to 3,000 rubles from personal income tax.

The second category of deductions is social. Tax deductions of this type can be obtained as a result of the costs of full-time education or treatment, and also because of costs for non-state or voluntary insurance in various insurance organizations. It is worth noting that to calculate the tax deduction for training the amount of expenses should not exceed 50 thousand rubles. At the same time, if both parents claim a deduction for a child, the amount of 50 thousand rubles will be divided equally among them. If we consider spending on treatment, the upper limit is 120 thousand rubles.

In addition to social and standard, there are also other types of tax deductions. One of them is a property deduction. Each taxpayer is given the right to reduce the cost of paying personal income tax on the sale of housing or any other property value that was in ownership no more than 3 years. The maximum amount for which you can reduce the tax base when calculating the tax is 2 million rubles, but subject to special conditions.

The last category of tax deductions is professional. These lucky holders of the right to receive a deduction are entrepreneurs, as well as persons who have received awards for achievements in the fields of industry, science, art and literature. To calculate professional tax deductions, you must document the right to receive them.