In the new individual tax law implemented in 2019, the most eye-catching one is the special additional deduction of individual income tax. In 2018, the news that supporting the elderly can offset individual income tax attracted the attention of netizens. This year's new regulations have been implemented, and many people can't understand the calculation method of special additional deduction. Let's take a look at the latest calculation method of individual income tax this year.
The special additional deduction of personal income tax (full name: special additional deduction of personal income tax) refers to the six special additional deductions of children's education, continuing education, serious illness medical treatment, housing loan interest, housing rent and supporting the elderly stipulated in the personal income tax law. [1] It is one of the supporting measures to implement the newly revised individual income tax law.
On December 22, 2018, the notice of the State Council on printing and distributing the Interim Measures for special additional deduction of individual income tax was issued, which will take effect from January 1, 2019.
Children's education, housing loan interest, housing rent and supporting for the aged are deducted by standard quota. The standard deduction quota is: 12000 yuan per year (1000 yuan per month) for each child, 12000 yuan per year (1000 yuan per month) for the first set of housing, 9600-14400 yuan per year (800-1200 yuan per month) for those who have no housing and rent in the main working city, and the deduction for supporting the elderly is 0 Except 24000 yuan per year (2000 yuan per month).
4800 yuan per year (400 yuan per month) will be deducted for diploma education in continuing education, and 3600 yuan per year will be deducted for vocational qualification continuing education of skilled personnel and vocational qualification continuing education of professional and technical personnel in the year of obtaining certificate;
Medical expenses of more than 15000 yuan borne by individuals for serious medical treatment can be deducted according to the actual excess amount, with a maximum of 60000 yuan deducted each year.
Suppose a family with property in Beijing has a "422 structure", and the monthly income of husband and wife is 40000 yuan, but it may cost 4000 yuan to support the elderly, 4000 yuan to educate their children, and about 6000 yuan to mortgage interest (assuming 1.2 million provident fund and 800000 commercial loans, with a repayment period of 25 years), excluding continuing education and serious illness medical care. Then, when calculating tax, each husband and wife should subtract social security from 5000 tax exemption After deducting 7000 yuan from the insurance, the total taxable income of the two people is less than 5000 yuan, and the total individual income tax is only more than 100 yuan. According to the current old tax law, the family has to pay about 4000 yuan. According to the new tax law, if the special additional deduction is not included, the individual income tax of about 1500 yuan will be paid in total.
It can be seen from the above contents that the special additional deduction is very powerful for those office workers who meet the conditions. If they are married and have children, they will be able to enjoy these deduction benefits to the maximum extent. Well, after all, you need a higher salary to enjoy more benefits. Is your salary over the threshold?