Do not you also know how to get a tax deduction for tuition?

For many people, it is still unknown to the fact that some of the money spent on getting an education can be returned to your wallet. How to get a tax deduction for tuition? Now we will consider in detail, in which cases it is laid, for what maximum amount can be calculated, and what actions should be taken from your side.

So, the tax deduction for training in a driving school or any other is a finance in the form of personal income tax, which can be returned to your personal budget. How is the maximum amount calculated? Calculate your total income for the year before taxes and take 13% is the tax paid by you, it is the maximum possible amount of social deduction. How to get a tax deduction for tuition from this money? Calculate how much you spent on education during the same year and take 13% from it. If the received number does not exceed the previous one, then so much will be refunded to you, if on the contrary - you can count only on the maximum value of the taxes paid. You can say that the deduction is paid out of your funds, which were received in the budget in the form of personal income tax, more than you can not get.

There are some more features. First, the institution of education with which the contract was signed, must necessarily have a license. How to get a tax deduction for tuition? Collect the necessary package of documents (application for a deduction, the second for a tax refund, a copy of the agreement with the educational institution and its licenses, payment documents for payment, a certificate of completion of training and 2-NDFL for you). The tax inspectorate must apply before the expiration of three years from the time when the training took place. That is, to receive a deduction for the first year, when a young man has already graduated from high school, will not work. Therefore do not postpone the issue permanently, contact the tax authorities every year.

Every citizen of the country has the right to a deduction. This includes: own education (any); The study of native children (full-time, until they reach the age of 24); Training of children in care (full-time, under 18 years) or previously in care (full-time, up to 24 years); Education of siblings / sisters (full-time, up to 24 years). The deduction is not provided for the education of a husband or wife. They have to look after him. The right to a deduction is canceled if the funds of the parent capital were used or the employer paid the training (except for the situation when the employee then returns the paid amount from the salary, for example).

How to get a tax deduction for tuition? Payment is made only for the period in which the amount of tuition was paid. If it was paid in a lump sum for all the years and 13% of the fee exceeds the allowable threshold, the residue residue burns, it can not be received in another year. So think through the question in advance. Perhaps, it is worth paying a fee for training courses and writing an application to the tax annually. If the contract is concluded between the educational institution and the parent, and the receipt for payment is registered in the same name, there will be no problems. If all documents are written out in the name of the child, the father or mother will have to prove the right to a deduction in court. Therefore, immediately formalize the contract for one of the parents, so that later there are no unnecessary questions from the tax inspection.

Can I get a tax deduction for training in a driving school? It is possible, under the same conditions.