Temporary measures for the special deduction of taxes

On October 20, the Ministry of Finance and the State Administration of Taxation, together with the relevant departments, drafted the “Interim Measures for the Special Deduction of Individual Income Taxes (Draft for Comment)”, which began to solicit opinions from the whole society for two weeks. According to the provisions of the Interim Measures, the special additional deduction standards are not static, and will be adjusted in a timely manner with changes in education, housing, medical care and other people's livelihood expenditures. It is reported that the Interim Measures will be implemented on January 1, 2019, after publicly soliciting opinions from the public.

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hot topics
Focus on tax reform

On August 31, the decision on the revision of the personal income tax law, which received much attention from the society, was approved by the Fifth Session of the Standing Committee of the 13th National People's Congress. At this point, the new tax law after seven major overhauls officially unveiled! The new tax law was passed, and the threshold was 5,000 yuan per month, which will be implemented from October 1. ...[Details]

Special additional deduction standard

  First, children's education:Each child receives a pre-school and academic education expenditure of a fixed amount of 12,000 yuan per year.

 

  Second, continuing education:Each person is deducted from 3,600 yuan to 4,800 yuan.

 

  Third, major illness medical:The part of the individual's own medical expenses exceeding 15,000 yuan shall be deducted according to the annual limit of 60,000 yuan.

 

  Fourth, the first home loan interest:It is deducted by the standard of 12,000 yuan per year.

 

  5. Housing rent:Rents without housing are deducted according to the standard of 9600 yuan to 14.4 million yuan per year.

 

  6. Supporting the elderly:It is deducted by the standard amount of 24,000 yuan per year.

List of points
"Interim Measures for Special Additional Deduction of Personal Income Tax (Consultation Draft)"

In order to implement the new personal income tax law passed by the Standing Committee of the National People's Congress on August 31, we drafted the Interim Measures for Special Deduction of Personal Income Tax (Draft for Comment), which is now open to the public for comments. ...[Details]

20 tax deductions: Invoice? What is the first home loan? Why is the rent deduction higher than the mortgage?

Many readers are directly involved in extra-deductions such as children's education, housing for the house, and supporting the elderly. After feeling the policy of reducing taxes, everyone quickly began to care about the details of the draft for comments, such as: families with two children, most Are you concerned about whether their education expenditure can be deducted? ...[Details]

Haven't figured out the special tax deduction policy for taxes? After reading these 8 pictures, I am no longer confused.

According to the provisions of the Interim Measures, the special additional deduction standards are not static, and will be adjusted in a timely manner with changes in education, housing, medical care and other people's livelihood expenditures. It is reported that the Interim Measures will be implemented on January 1, 2019, after publicly soliciting opinions from the public. ...[Details]

Tax deduction method: renting a house without room is deducted according to the standard of 9600 yuan to 1.44 million yuan per year.

The taxpayer himself and his spouse do not have housing in the taxpayer's main working city, and the rental expenses incurred in renting a house in the main working city may be deducted according to the following criteria: the rented housing is located in the municipality, the provincial capital city, the planned city, and other provisions determined by the State Council. For cities, the deduction standard is 144,000 yuan per year; in addition to the above-mentioned cities, other cities with a registered population of more than 1 million in the municipal jurisdiction, the deduction standard is 12,000 yuan per year, and other cities with a registered population of less than 1 million in the municipal jurisdiction, the deduction standard is 9600 per year. yuan. ...[Details]

Tax deduction method: the elderly are deducted by the standard of 24,000 yuan per year.

The Interim Measures for Special Additional Deduction of Personal Income Tax (Draft for Comment) is announced. The draft for consultations stipulates that the taxpayer's maintenance expenses for parents over 60 years old (including) and other legal supporters can be deducted according to the following criteria: if the taxpayer is the only child, according to the standard of 24,000 yuan per year (2000 yuan per month) Fixed deduction; if the taxpayer is a non-only child, he/she should share a deduction of 24,000 yuan per year with his brother and sister. ...[Details]

Special tax deduction policy for children: Children's education expenditure is deducted according to the annual quota of 12,000 yuan

The expenditures for the taxpayer's children to receive pre-school education and academic education shall be deducted according to the standard of 12,000 yuan (1,000 yuan per month) per child; the taxpayer's expenditure on continuing education or non-degree education may be prescribed during the prescribed period. A deduction of 3,600 yuan or 4,800 yuan per year. ...[Details]

Tax special deduction policy: medical expenses for major illnesses are limited to 60,000 per year

In terms of medical expenses for major illnesses, the taxpayer’s self-financing medical expenses incurred in a tax year exceeds 15,000 yuan, which can be deducted within the limit of 60,000 yuan per year. ...[Details]

Special tax deduction policy for housing tax: interest on housing loans is deducted by the standard of 1000 yuan per month.

In terms of housing loan interest, the first set of housing loan interest expenses incurred by the taxpayer's own or spouse can be deducted according to the monthly standard of 1,000 yuan; the housing rent is based on the city where the taxpayer rents the house, and the monthly rent is 800 yuan to 1200 yuan. deduction. ...[Details]

Consultation on the Implementation Regulations of the Individual Income Tax Law of the People's Republic of China (Revised Draft for Soliciting Opinions)

In order to implement the new personal income tax law passed by the Standing Committee of the National People's Congress on August 31, we drafted the “Regulations on the Implementation of the Individual Income Tax Law of the People's Republic of China (Revised Draft for Soliciting Opinions)”, and we are now open to the public for comments. ...[Details]

Analysis and interpretation
How to do the special tax deduction for tax? Xinhua News Agency analyzes deduction standards one by one

On October 1st, on the basis of the “reduction of the threshold” tax reduction dividend, people are concerned about the extent of spending on child education, continuing education, major illness care, housing loan interest or housing rent, and support for the elderly from next year. Get tax cuts. "Xinhua Viewpoint" reporter interviewed authoritative experts, detailed consultation draft. ...[Details]

Interpretation of the special tax deduction policy: a monthly tax of 10,000 yuan or less is expected to be “zero tax”

According to the Interim Measures, if the special deductions for housing, medical care, education, and old-age care are used up, taxpayers with monthly income of 10,000 yuan or less may be taxed at zero. That is to say, if the taxpayer's monthly income is 10,000 yuan, the tax threshold is 5,000 yuan, and if the remaining 5,000 yuan is full of housing, medical care, education, and old-age special deduction standard, you can no longer pay personal income tax. . ...[Details]

Good for all! The tax deduction rules came: the middle-class "four big mountains" all reduced the monthly income of 20,000, the highest reduction of 70%!

The interim measures for the additional tax deductions for this announcement, the evaluation of the industry experts is, "the strength is great, unexpected", because the temporary measures are far beyond the market, both in terms of coverage and easing. expected. ...[Details]

A tax is better than expected! The deduction has come. The highest annual deduction of nearly 190,000 from the education of children to the deduction of pensions

Brokers Chinese reporters roughly calculate, if in accordance with the above six categories, a family, a family of three elderly four people (housing or renting two alternatives) standard, only the special deduction can reach a maximum of 187,200 yuan (one child a year 12,000 yuan, Adults continue to spend 4,800 yuan on continuing education, 60,000 yuan for major illnesses, 14400 yuan for housing or renting, and 96,000 yuan for 4 parents over 60 years old. ...[Details]

How to deduct mortgages, maintenance payments, and education fees? Read a tax special deduction

On October 20th, the “Interim Measures for Special Deduction of Personal Income Tax (Draft for Comment)” (hereinafter referred to as the special deduction of taxation) was officially announced, soliciting opinions from all walks of life. Among them, five special special deductions for children's education, continuing education, housing loan interest, housing rent, and support for the elderly are subject to standard deductions, rather than deductions based on actual expenditures. ...[Details]

The special tax deduction rules are coming! There are old + under the small + support room to pay less than a few thousand per month (with detailed examples)

The Interim Measures published the deduction scope and standards for six special additional deductions such as child education, continuing education, major illness medical treatment, housing loan interest, housing rent and maintenance of the elderly as stipulated in the Individual Income Tax Law. Tax incentives are more targeted, and people with high spending pressures benefit more. ...[Details]

Tax special deduction rules are coming! 6 major deductions, a table to understand, can give comments before November 4

According to the newly revised tax law, the taxable income of individual tax will be calculated in the future. In addition to the special deduction of 5,000 yuan, such as deduction of expenses and “three insurances and one gold”, children’s education, continuing education, major medical care, and housing loans can also be enjoyed. Interest or housing rent, as well as special additional deductions such as support for the elderly. ...[Details]

Authoritative interpretation of the tax deduction policy! Monthly income of 15,000 yuan, taxation of 90 yuan is entirely possible

According to the newly revised tax law, the taxable income of individual tax will be calculated in the future. In addition to the special deduction of 5,000 yuan, such as deduction of expenses and “three insurances and one gold”, children’s education, continuing education, major medical care, and housing loans can also be enjoyed. Interest or housing rent, as well as special additional deductions such as support for the elderly. ...[Details]

A table to understand the six major special deductions