Many office workers pay attention to the new personal tax deduction policy in 2019. There are many articles on the Internet about the interpretation of the special additional deduction policy of individual income tax. The specific deduction standards and examples can be found on the Internet. The small editor has sorted it out, hoping to help you. Now, let's take a look at the details.
The "Interim Measures for special additional deduction of individual income tax" has been formally implemented since January 1, 2019. According to the interim measures, special additional deductions for individual income tax include children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent, and supporting the elderly. This is not only a specific supplement to the special additional deduction provisions of the individual income tax law revised and passed at the end of August 2018, but also marks a key step in the reform of China's individual income tax system from classification to comprehensive taxation.
Loan interest in the first house: 1000 yuan / month; rent in housing: 800 yuan - 1200 yuan / month; supporting the elderly: 2000 yuan / month; in children's education: 1000 yuan / month; in continuing education: 3600 to 4800 yuan per person; In the medical treatment of serious diseases: the part of medical expenses over 15000 yuan borne by individuals shall be deducted according to the limit of 60000 yuan per year.
Then, according to the above standards, how much money can the common people save? Let's first look at the calculation formula: taxable income = monthly income - 5000 yuan (threshold) - special deduction (three insurances and one fund, etc.) - special additional deduction - other deductions determined according to law.
For example, Xiao Li, a married person who works in Beijing, earns 10000 yuan a month. The special deduction for "three insurances and one fund" is 2000 yuan. The monthly rent is 4000 yuan. One child goes to kindergarten and his parents are over 60 years old.
If the starting point is 3500 yuan, there is no special additional deduction, and the individual income tax is 345 yuan per month; if the starting point is 5000 yuan, there is no special additional deduction, and the monthly individual income tax is (10000-5000-2000) & times; 3% = 90 yuan.
According to the new policy, Xiao Li can enjoy a deduction of 1200 yuan for housing rent, 1000 yuan for children's education, and 1000 yuan for supporting the elderly (apportioned with her sister). Therefore, personal income tax = (10000-5000-2000-1200-1000-1000) & times; 3% = 0 yuan.
From the above, the special additional deduction of personal income tax can exempt the office workers who earn 10000 yuan a month. It can be seen that the new individual income tax deduction policy in 2019 can reduce the tax burden of office workers. However, if you are single, there are not so many deductible items. If you don't get married, you have to pay a bachelor's tax.