Six special additional deductions for IIT
The Interim Measures for Special Additional Deduction of Individual Income Tax shall come into effect on January 1, 2019 Individual income tax can be cut down by submitting the following six special additional deductions from taxpayer to withholding agents or Competent Tax Authorities through Long-distance taxation, electronic or paper statements. etc.
一、Children's education
1.standard quota of 1000 yuan per child per month can be deducted by taxpayers as expense for their children full-time education from Primary school to Ph.D. postgraduate.
2. 100% of 1000 yuan can be deducted by one parent or 50% of the deduction standard respectively by parents. The specific deduction method cannot be changed within a tax year. continuing education
二、Continuing education
1.During taxpayer’s education period of academic qualifications, the standard quota of 400 yuan per month, totaling 4,800 yuan for the whole year, can be deducted, however the deduction period of the same academic qualifications (degrees) cannot exceed 48 months.
2. For those taxpayers who have obtained the vocational qualification of skilled personnel or the professional and meet the deduction requirement, the quota of 3600 yuan shall be deducted according to the Interim Measures
3. Taxpayers who qualify the above condition at the same time can add the two Items together in the same year, then total amount of 8400 yuan (4800 + 3600) can be deducted.
三、Medical treatment for serious illness
1. Within a tax year, the accumulative medical expenses incurred by taxpayers related to basic medical insurance, after deducting the personal burden (referring to the self-paid amount within the scope of the medical insurance catalogue), are over 15,000 yuan, the amount exceeding 15,000 yuan will be deducted from the quota of 80,000 yuan when handling the annual IIT tax report.
2. The medical expenses can be deducted by taxpayers themselves or their spouse
3. Medical expenses incurred by minor children can be deducted by one of their parents.
四、Interest on housing loans
1. In the year in which interest on the first set of loans actually occurs, it is deducted according to the standard quota of 1000 yuan per month, with the maximum deduction period not exceeding 240 months.
By agreement between husband and wife, one of them may choose the deduction. The specific deduction method cannot be changed within a fiscal year
五、Rent on housing
1. the deduction quota of 1500 yuan per month is for Municipalities directly under the Central Government, Provincial Capitals (Capitals), Separate Plans Cities and other cities determined by the State Council
2. In addition to the cities listed in above point 1, the deduction standard for cities with more than 1 million registered residents in municipal districts is 1,100 yuan per month; for cities with no more than 1 million registered residents in municipal districts, the deduction standard is 800 yuan per month
六、Support for the elderly
1.the taxpayer's support expenditure for a parent over 60 years of age, for grandparents and material grandparents whose children have passed away, and for other statutory dependants.
2. If the taxpayer is the only child in a family, 2000 yuan per month can be deducted by himself/herself;
If not, an average share of not more than 1,000 yuan per child per month.
Remarks
1. Taxpayers and their spouses cannot enjoy both interest on housing loans and rent on housing in a tax year
2. If the monthly wages and salaries are less than5,000 yuan, the balance, after the annual comprehensive income of resident individuals (including wages, salaries, remuneration for services, manuscripts, royalties) minus annual deduction (including personal allowance of 60,000 special deduction, special additional deduction and other deductions determined by law) is the taxable income.
a. If the taxable income is positive, special additional deductions should be actively declared.
b. If it is negative, special additional deductions may not be submitted.
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一、Children's education
1.standard quota of 1000 yuan per child per month can be deducted by taxpayers as expense for their children full-time education from Primary school to Ph.D. postgraduate.
2. 100% of 1000 yuan can be deducted by one parent or 50% of the deduction standard respectively by parents. The specific deduction method cannot be changed within a tax year. continuing education
二、Continuing education
1.During taxpayer’s education period of academic qualifications, the standard quota of 400 yuan per month, totaling 4,800 yuan for the whole year, can be deducted, however the deduction period of the same academic qualifications (degrees) cannot exceed 48 months.
2. For those taxpayers who have obtained the vocational qualification of skilled personnel or the professional and meet the deduction requirement, the quota of 3600 yuan shall be deducted according to the Interim Measures
3. Taxpayers who qualify the above condition at the same time can add the two Items together in the same year, then total amount of 8400 yuan (4800 + 3600) can be deducted.
三、Medical treatment for serious illness
1. Within a tax year, the accumulative medical expenses incurred by taxpayers related to basic medical insurance, after deducting the personal burden (referring to the self-paid amount within the scope of the medical insurance catalogue), are over 15,000 yuan, the amount exceeding 15,000 yuan will be deducted from the quota of 80,000 yuan when handling the annual IIT tax report.
2. The medical expenses can be deducted by taxpayers themselves or their spouse
3. Medical expenses incurred by minor children can be deducted by one of their parents.
四、Interest on housing loans
1. In the year in which interest on the first set of loans actually occurs, it is deducted according to the standard quota of 1000 yuan per month, with the maximum deduction period not exceeding 240 months.
By agreement between husband and wife, one of them may choose the deduction. The specific deduction method cannot be changed within a fiscal year
五、Rent on housing
1. the deduction quota of 1500 yuan per month is for Municipalities directly under the Central Government, Provincial Capitals (Capitals), Separate Plans Cities and other cities determined by the State Council
2. In addition to the cities listed in above point 1, the deduction standard for cities with more than 1 million registered residents in municipal districts is 1,100 yuan per month; for cities with no more than 1 million registered residents in municipal districts, the deduction standard is 800 yuan per month
六、Support for the elderly
1.the taxpayer's support expenditure for a parent over 60 years of age, for grandparents and material grandparents whose children have passed away, and for other statutory dependants.
2. If the taxpayer is the only child in a family, 2000 yuan per month can be deducted by himself/herself;
If not, an average share of not more than 1,000 yuan per child per month.
Remarks
1. Taxpayers and their spouses cannot enjoy both interest on housing loans and rent on housing in a tax year
2. If the monthly wages and salaries are less than5,000 yuan, the balance, after the annual comprehensive income of resident individuals (including wages, salaries, remuneration for services, manuscripts, royalties) minus annual deduction (including personal allowance of 60,000 special deduction, special additional deduction and other deductions determined by law) is the taxable income.
a. If the taxable income is positive, special additional deductions should be actively declared.
b. If it is negative, special additional deductions may not be submitted.
Back：New Individual Income Tax 2019
Next：Annual lump sum bonus
