13.05.2025, 07:17
Russians dispelled popular myths about tax deductions
Source: OREANDA-NEWS
OREANDA-NEWS One of the most common myths is that a tax deduction can only be obtained when buying a home, said Nikita Chaplin, a member of the State Duma Committee on Budget and Taxes. He shared information about the main misconceptions in this area in a conversation with Lenta.ru".
The MP recalled that there are several types of deductions, including property, social, standard and investment, for example, when paying for medical treatment or education. In this case, citizens have the right to return 13 percent of the amount spent within the established limits, he explained. Chaplin also noted that many people are mistaken, thinking that the tax deduction is provided automatically and can cover all expenses.
Even if you purchased an apartment but did not file a declaration, you will not be able to exercise your right to deduction.
"There are certain limits. For example, for a property deduction, the maximum amount of expenses from which you can receive a deduction is 2 million rubles. Social deductions also have their own limitations. If you spent 500,000 rubles on treatment, but the maximum deduction is 120,000 rubles, then you will be able to return only 13 percent of this amount," the deputy explained.
Chaplin also stressed that all citizens who pay personal income tax to the state, including the self-employed and individual entrepreneurs, can receive a tax deduction. At the same time, many people believe that a deduction can be made for an amount paid not personally, but, for example, by a relative.
"The deduction is given only to those who actually paid for the service or are the owners of the facility. If the mother has paid for the child's treatment, but the documents are issued to the father, then only the father has the right to receive a deduction," the deputy explained.
Earlier, Nikita Chaplin, a State Duma deputy and chairman of the Union of Summer Residents of the Moscow region, called the most appropriate time to purchase a summer cottage. In his opinion, this is spring, because buying during this period allows you not to delay the landscaping of the site.
The MP recalled that there are several types of deductions, including property, social, standard and investment, for example, when paying for medical treatment or education. In this case, citizens have the right to return 13 percent of the amount spent within the established limits, he explained. Chaplin also noted that many people are mistaken, thinking that the tax deduction is provided automatically and can cover all expenses.
Even if you purchased an apartment but did not file a declaration, you will not be able to exercise your right to deduction.
"There are certain limits. For example, for a property deduction, the maximum amount of expenses from which you can receive a deduction is 2 million rubles. Social deductions also have their own limitations. If you spent 500,000 rubles on treatment, but the maximum deduction is 120,000 rubles, then you will be able to return only 13 percent of this amount," the deputy explained.
Chaplin also stressed that all citizens who pay personal income tax to the state, including the self-employed and individual entrepreneurs, can receive a tax deduction. At the same time, many people believe that a deduction can be made for an amount paid not personally, but, for example, by a relative.
"The deduction is given only to those who actually paid for the service or are the owners of the facility. If the mother has paid for the child's treatment, but the documents are issued to the father, then only the father has the right to receive a deduction," the deputy explained.
Earlier, Nikita Chaplin, a State Duma deputy and chairman of the Union of Summer Residents of the Moscow region, called the most appropriate time to purchase a summer cottage. In his opinion, this is spring, because buying during this period allows you not to delay the landscaping of the site.
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