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Tax trivia

──Feb 18 , 2023On children's education special deduction analysis!

In accordance with the provisions of the Individual Income Tax Law, the Interim Measures for Special Deductions of Individual Income Tax have been formulated. The term "special additional deductions for individual income Tax" as mentioned in these Measures refers to the Individual Income Tax Law. The provisions include special deductions for children's education, continuing education, medical treatment for serious diseases, housing loan interest or housing rent, and supporting the elderly.

Among them, the special deduction for children's education refers to the expenses related to children's full-time education, per child per month1000The standard deduction of yuan, Parents can choose one or the other100%Deductible, or standard for each parent50%The method of deduction cannot be changed in a tax year. whileIf the taxpayer's children receive education abroad, the taxpayer shall keep the admission letter of overseas school, study visa and other relevant educational certificates and educational materials.

On the special deduction taxpayers can according to their actual situation in the individual income taxAPPIt can reduce the payment of personal income tax and reduce the cost of living.

On children's education special deduction analysis!

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