Individuals have the right to receive a social tax deduction in the amount of actual expenses incurred in the form of donations (in favor of the endowment Fund of the Krasnoyarsk art Museum named after Vasily Surikov), but not more than 25% of the income received by an individual in the calendar year and subject to taxation. The procedure for granting a social tax deduction for expenses on charity is established by paragraph 1 of article 219 of the Tax code.
Example of calculation of a tax deduction
Sergeyev received over the past year income of 400 000 rubles, while his employer paid with his income personal income tax at a rate of 13% in the amount of 52 000 rubles: personal income tax = 400 000 rubles. x 13% = 52 000 rubles.
During the year, S. S. Sergeev, listed on the charity of 130 000 rubles.
At the beginning of the next year, S. S. Sergeev submitted to the tax authority at the place of residence a tax return with an application and copies of Bank statements on the transfer of funds to charity. The maximum possible amount of deduction is 25% of the amount of income, or 400 000 x 25% = 100 000 rubles.
Expenses for charity in 130 000 rubles more than the maximum possible deduction of 100 000 rubles, so the personal income tax, taking into account the cost of charity will be calculated by the tax authority from the amount of 300 000 rubles: personal income tax = (400 000 rubles-100 000 rubles) x 13% = 39 000 rubles.
Since the employer has already paid for the past year with income SS Sergeev personal income tax in the amount of 52 000 rubles, the tax deduction will be 52 000 rubles. - 39 000 rubles. = 13 000 rubles.
A taxpayer may submit a Declaration to the tax authority for the purpose of obtaining a deduction at any time during the year.
How to get deduction?
To obtain a social tax deduction for charity expenses, the taxpayer must perform the following actions:
- Fill in the tax return (form 3-personal income tax) at the end of the year in which the transfer of funds to charity.
- Get a certificate from the accounting Department at the place of work on the amounts of accrued and withheld taxes for the corresponding year in the form 2-pit.
- Prepare copies of documents confirming the transfer of funds by the taxpayer to charity: payment documents (receipts for cash receipts, payment orders, Bank statements, etc.), contracts (agreements) for donation, charitable assistance, etc.
- Provide the tax authority at the place of residence with a completed tax return with copies of documents confirming the transfer of funds for charitable purposes.
When submitting copies of documents confirming the right to deduction to the tax authority, it is necessary to have their originals for inspection by the tax inspector.
The right to return personal income tax in connection with the receipt of the deduction remains for the taxpayer within 3 years from the date of payment of personal income tax at the end of the year in which the expenses for charity were incurred.
We thank you for your decision to support the development Fund of the Krasnoyarsk art Museum named after Vasily Surikov!