Income tax refund

Many students and their parents are interested in the return of income tax for education. This is the subject of this article.

To begin with, in fact, the returnincome tax for tuition is possible. In accordance with the law, taxpayers are entitled to receive a social tax deduction in the amount of actual training expenses incurred by them during the tax period. But it is possible to return the tax for education only in the amount not exceeding the established limit amount of deduction.

Refund of income tax for education extends to persons who study:

- in higher educational institutions at preparatory departments, faculties (in other structural subdivisions), retraining of workers and improvement of professional skill;

- in another university, if they are simultaneously receiving a second professional higher education;

- in internship or residency of medical universities.

Income tax refundis given to the taxpayer who submitted the tax return to the tax authority at his place of residence and attached the documents that confirm the actual expenses for his own training.

In this case, you can apply for a refund of the tax for education within 3 years from the day when the payment of the said amount was made.

According to the Tax Code, the taxpayer who paidhis education or paid for the education of his own child, has the right to return the tax on education at a rate of 13 percent of the price paid. In other words, if you paid for a year of training in the amount of 40 thousand rubles, you will be able to return 5,200 rubles.

It is worth noting that the tax refund for tuitionis produced by citizens of the Russian Federation who have a permanent place of work, and also regularly pay tax on personal income. In other words, the student will be able to return the money spent for training, only if he was officially employed during the training and the contract was in his name. Parents of the student will be able to return the money if during this period they worked and regularly paid their income tax on their wages.

Equally important is that for their own traininga deduction is provided in the amount of actual expenses, that is, 13 percent of any amount. While at the training of their children a deduction is given in the amount of actual expenses, but not exceeding 50,000 rubles for each child.

If a student studying at the full-time department,more than 24 years, the law assumes that he must work himself and pay income tax at the same time, and therefore he himself goes to the tax inspectorate and himself receives a refund of money spent for his own training. In this situation, money is not paid to parents.

If a student studying at the full-time department is less than 24 years old, at the same time he works and pays taxes, he is entitled to draw up all the necessary documents for himself and for his parents.

In order to receive a social tax deduction, you must provide the following documents:

• certificate of income from the place of work in the form of 2-NDFL.

• a contract concluded with an educational institution and executed in the name of the one who submits the documents for receiving a deduction

• the license of the educational institution for the right to provide the relevant services;

• certificate from the educational institution, which confirms that the training was carried out on full-time (full-time) form of training;

• payment documents that will confirm the payment made for training;

• a declaration of income for the relevant year;

• and the very application for a social tax deduction.

If desired, for additional information, therefore, the issue can be addressed on the website of the Federal Tax Service of Russia or the district tax inspection.