Many students and their parents interested in the income tax return for tuition.That is what this article is devoted.
To begin with, what is really an income tax refund of tuition possible.According to the legislation, taxpayers have the right to receive social tax deduction in the amount of them produced in the tax period of the actual training costs.But the tax return for tuition can only be in an amount not exceeding the limit set by the size of the deduction.
income tax return fees apply to persons who are trained:
- in universities in the preparatory departments, faculties (in other structural units) Retraining and further training;
- in another university if they simultaneously obtained the second higher professional education;
- internship or residency medical schools.
income tax refund of tuition is provided to the taxpayer file a tax return to the tax authority at his place of residence and attaching documents confirming actual expenses for their own learning.
Thus apply for a tax refund of tuition can be for 3 years from the date when made payment amount.
According to the Tax Code, a taxpayer who paid for their education or training has paid for her own child, the right to return the tuition tax of 13 per cent of the paid amount.In other words, if you paid for a year of training in the amount of 40 thousand rubles. You can afford to return the 5200 rubles.
worth noting that a tax refund is made for training to Russian citizens, who have a permanent job, and regularly pay tax on personal income.In other words, the student will be able to regain the money spent on training, only if it is during training has been employed officially and the contract is for his name.The parents of the student will be able to recover the money, if at that time they were working regularly paid from the salary income tax.
Equally important is the fact that training is provided on their own deduction of expenses actually incurred, then est13 percent of any amount.At that time, both the education of their children is given deduction of expenses actually incurred, but not exceeding the amount of 50 thousand. Rubles for each child.
If students studying full-time, more than 24 years, the law assumes that it should work itself and pay with the income tax, and therefore he goes to the tax office, and he receives a refund of money spent on their own learning.In this situation, the money is not paid to parents.
If students studying full-time, less than 24 years, while he works and pays taxes, he has the right to execute all necessary documents on themselves and their parents.
To receive social tax deduction, you must submit the following documents:
• income certificate from the employer on Form 2-PIT.
• a contract concluded with an educational institution and issued in the name of the person who apply for a deduction
• licensed educational institution the right to provide related services;
• a certificate from the school, which confirms that the training was carried out on a full-time (day) course of study;
• payment documents that confirm the payment made during the training;
• income tax return for the relevant year;
• itself a statement on the social tax deduction.
If you wish for more information, so the issue can be accessed on the website of the Federal Tax Service of the Russian Federation, or the district tax office.
