Friday , October 22 2021

Special tax deduction policy released, the medical limit for serious diseases increased to 80,000 yuan – News



Place! The special policy of tax deduction for taxation was released and the medical limit for serious diseases increased to 80,000 yuan.

After many rounds of widely solicited opinions, on December 22, the State Council officially issued "Provisional Measures for the Special Deduction of Individual Taxes," marking a key step in China's tax reform, and taxpayers will increase in the year they comes. Fiscal Reduction

The Provisional Measures will be implemented on January 1, 2019 with the new revised Tax Law. In the future, taxpayers will calculate the taxable profit of the individual tax. In addition to the special deduction of 5,000 yuan and special deductions, such as "three insurance and one gold", they can also enjoy early childhood education, continuing education, major medical care, housing loan or rental of housing. And 6 additional special deductions as support for the elderly.

Reporters found that compared to the public opinion version of the request not long ago, the special additional deduction interval and the standards were adjusted to better respond to public opinion.

In terms of children's education, it is clear that the relevant expenditures of the taxpayer's children in the pre-school period after the age of 3 and the period of full-time education from primary school to the doctorate are deducted according to the standard of 1,000 Yuan per child per month, of which high school education includes technical education.

In terms of continuing education, taxpayer expenses in continuing education for academic qualifications (degrees) may be deducted at a monthly rate of 400 yuan per stipulated period, but the deduction period for continued education of the same academic qualification can not exceed 48 months , the occupation of qualified personnel and professional technicians The expenses with continuing education will be deducted to a fixed value of 3,600 yuan in the year in which the respective certificate is obtained;

In the case of important medical treatment, medical expenses of the taxpayer related to basic medical insurance in a fiscal year are deducted from personal charge after medical insurance refund, and the accumulated amount exceeds 15,000 yuan When the taxpayer handles the annual settlement and settlement , the limit is 80,000 yuan. Deducted from actual quantity;

In terms of interest on home loans, the first set of interest expenses on home loans incurred by the taxpayer or spouse can be deducted according to the monthly standard of 1,000 yuan;

In terms of rental housing, eligible housing rents are deducted according to the city's 1,500 yuan, 1,100 yuan and 800 yuan per month;

In terms of support for the elderly, the taxpayer's expenses to support parents aged 60 and over are deducted according to certain criteria, the only child being deducted by the standard of 2,000 yuan per person per month and the non-single child and his brothers share the deduction of 2,000 yuan per month.


Specialized interpreting


It marks the comprehensive and classified combination of China


A fundamental step in the tax reform

Following the disclosure of the "tax increase" tax reduction dividend on October 1, the "Special Provisional Measures on Special Income Tax Deduction", which received a lot of attention, were officially released on March 22, marking the reform of the classification and comprehensive taxation of China. A key step is to release a positive signal that is more beneficial to people.

Early Childhood Education, Continuing Education, Major Medical Care, Housing Loan Interest, or Housing Rental and Elderly Support – How to deduct the six individual tax deductions for hundreds of millions of people? How much is the buckle? How much tax can a taxpayer reduce? The reporter interviewed some experts authorized for detailed interpretation.


Child education, new technical training

Liu Yi, a professor at the Beijing University School of Economics, noted that the Provisional Measures were included in the section "Technological Education" in the middle school column specifically included in the academic training.

"In this way, from elementary school, high school to high school, high school vocational, technical education, college, undergraduate, graduate, doctorate, all stages and types of academic education are covered." She said: "That's okay. No matter what type of education is accepted, the country treats them equally. "

Provisional Measures stipulate that children who are at least 3 years of age and who are in pre-school education before entering primary school may also be deducted at the rate of 1,000 yuan per person per month.


Continuing education The deduction period for the same academic qualification is not more than 4 years.

Charge your career development and start taxing next year, in addition to reducing taxes.

However, tax incentives are not "undefined". The method stipulates that the deduction period for continuing education of the same academic qualification (grade) can not exceed 48 months. Experts believe that this can meet the majority of continuing education needs, and can also avoid being exploited to some extent.


Severe illness, family members are considered for illness

Family illness, especially serious illness, is always worrying and worrying.

Compared to the draft for comments, the most concerned is the change in method of deduction. Medical expenses incurred by the taxpayer may be deducted by the person or his spouse, medical expenses incurred by the minor child may be deducted by the parents.

"This is very warm and very necessary." Liu Yi said that if the taxpayer is seriously ill, the level of income will generally fall, and the pattern of tax deduction may not be met, and the relevant deduction policy will not be used. Allowing the deduction of the spouse can effectively reduce the burden on the taxpayer's family.


First home loan clarifies the definition of "first home loan"

The mortgage is heavier and the tax is reduced. It is worth noting that the Provisional Measures clarify the definition of "first home loan", ie the purchase of a home loan that benefits from the interest rate of the first home loan. With the agreement of the husband and wife, they may choose to deduct from one of them, and the specific deduction method will remain unchanged within a fiscal year.

How do you deduct the loan from the first home the couple bought before the wedding? Provisional measures are clear: interest on the loan after marriage can choose one of the houses bought, which is deducted by the buyer according to the pattern of deduction of 100%, or the husband and wife can deduct the 50 % of the deduction pattern respectively.


Housing rents Great patterns of city deduction are higher than the draft for comments

The mortgage is affordable and the rent is also available. Careful people will find that the pattern of deduction for large cities has been increased in comparison to the draft for comments. For married people, the final deduction from the rent depends on the "other half" of the situation. According to the provisional measures, the spouse has his or her own dwelling in the main working city of the taxpayer, and the taxpayer is considered to have his or her own dwelling in the main city in activity. The husband and wife's main working city is the same, and only one party can deduct the rental costs of the villa.

In addition, taxpayers and their spouses can not enjoy the special interest deduction on home loans and housing rent at the same time in a fiscal year.


Supporting the elderly The only child is deducted by the monthly standard of 2,000 yuan.

According to the Provisional Measures, taxpayers support the maintenance expenses of one or more dependents. The only child can be deducted according to the standard of 2,000 yuan per month. Children not only can share the 2000 monthly deduction with their brothers and sisters. The amount can not exceed 1,000 yuan per month.

It should be noted that dependents refer to grandparents and grandparents who have reached the age of 60 and whose parents have passed away.

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