The new individual income tax law (IIT) adds 6 special additional deductions, which including children's education，Continuing education, Medical treatment for serious illness, Interest on housing loans., Rent on housing and Support for the elderly. According to the relevant regulations, if the taxpayer's personal income tax special additional deduction information changes, it should be confirmed before December 31, 2020, in order to enjoy the policy dividend.

The special additional deduction information needs to be modified in the following situations:

 

1. The basic information of children and the elderly has changed, so it is necessary to modify the deduction of children's education and support for the elderly in 2021.

2. One spouse no longer apply for the special additional deduction of housing loan interest, and the other spouse will declare it in 2021.

3. Rent and housing loan need to be replaced and deducted, that is, in 2021, housing rent will not be declared, but housing loan interest will be declared instead, or vice versa.

4. Other special additional deduction information changes and needs to be modified.

 

Please fill in the special additional deduction ASAP before 31 December.,2020



Relevant policy:
Announcement No.60 2018 of State Taxation Administration
 

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