5 most common myths about tax refunds

Myth 1. It takes a lot of effort to collect a package of documents

It is believed that to obtain a tax deduction, you need to prepare a large number of certificates. But the list of documents is simple: passport; contract of purchase and sale of a car or real estate or purchase of services; settlement documents (receipt, commodity or cash receipt, extract); application for property tax deduction; certificate on form 2-personal income tax, received in the accounting Department at the place of work; tax Declaration on form 3-personal income tax. That is, everything is simple-it is enough to prove that the property is really bought and the person pays the necessary taxes.

Myth 2. The money is too small

Someone considers payments insignificant and is not puzzled by their registration. Indeed, it is not millions, but not a penny.

For example, for paid medical care (including the purchase of medicines and dentistry) can be returned annually up to 15 thousand rubles, and for the purchase of real estate - up to 260 thousand rubles, and this is not counting the return on interest, if the apartment is bought in the mortgage.

The amount that can be obtained for paid education, too, does not seem so small, if you add up all the payments for the standard 4-6 years of study.

Myth 3. Refund for taxes paid only after closing the mortgage

Some buyers do not know that it is not necessary to close the loan in order to return the taxes paid. It is possible to order payments annually both on the principal amount of the credit, and on percent.

For example, if the amount of mortgage payments for the year is 120000 rubles, the tax deduction will be 13% - 15600 rubles. And so every year, until you get 260 thousand.

Of course, this is true if the necessary condition is met-sufficient payment of income tax by the owner of the apartment.

Myth 4. The deadline is 3 years from the date of purchase

The Statute of limitations is 3 years from the date of purchase of the apartment-a common legend. This rule is valid, but only for the costs of education, medicine and other types of purchases, not related to real estate.

You can get a property tax deduction at any time-even if 10 or more years have passed since the purchase.

Myth 5. The refund must be issued before April 30 of the current year

Most people associate April 30 with the deadline for filing any returns. However, this rule applies only to the Declaration of income. You can apply for a deduction on any day of the tax office.