According to the provisions of China's individual income tax law, taxpayers who support elderly relatives over 60 years old can deduct the special additional deduction for supporting the elderly from their taxable income according to law. Specifically, the standard amount of1.8000 yuan can be deducted every year, the part within1.5000 yuan per month can be deducted at a fixed rate of 20%, and the part exceeding1.5000 yuan can be deducted according to the actual expenditure. It should be noted that the special additional deduction for supporting the elderly is applicable to taxpayers who meet the prescribed conditions, such as children and spouses, but the specific preferential policies vary from region to region, so you can consult the local tax authorities. In addition, the special additional deduction for supporting the elderly is corresponding to a tax, and the deduction can only be enjoyed when paying taxes. If the actual expenditure is not enough to deduct the tax payable, you can't enjoy the corresponding relief.
What is the application process of special additional deduction for supporting the elderly? The application process of special additional deduction for supporting the elderly is generally to fill in relevant forms, and it is necessary to provide relevant supporting materials and invoices. Specific requirements vary from region to region. It is recommended to go to the local tax authorities for detailed procedures and required materials.
According to China's tax laws and regulations, supporting the elderly over 60 years old can enjoy a special additional deduction for supporting the elderly, with a maximum tax reduction of 2400 yuan. In addition, the specific preferential policies for supporting the elderly are different in different regions, so you need to consult the local tax authorities. The application process of special additional deduction for supporting the elderly is generally to fill in relevant forms, and it is recommended to provide relevant supporting materials and invoices.
Legal basis:
Interim Measures for Special Additional Deduction of Individual Income Tax Article 3 The calculation time for taxpayers to enjoy the special additional deduction that meets the requirements is as follows:
(1) Children's education. Pre-school education stage, from the month when the child turns 3 to the month before going to primary school. Academic education begins in the month when children receive full-time academic education and ends in the month when full-time academic education ends.
(2) Continuing education. Continuing education with academic qualifications (degrees) refers to the month when continuing education with academic qualifications (degrees) was registered in China and the month when continuing education with academic qualifications (degrees) ended. The maximum deduction period for continuing education with equivalent academic qualifications (degrees) shall not exceed 48 months. Continuing education for professional qualifications of skilled personnel and continuing education for professional and technical personnel shall be the year when relevant certificates are obtained.
(3) medical treatment for serious illness. The actual expenditure of medical expenses in the current year recorded by the medical security information system.
(4) Housing loan interest. From the month of repayment agreed in the loan contract to the month when the loan is fully paid off or the loan contract is terminated, the maximum deduction period shall not exceed 240 months.