Receiving benefits is usually associated with long queues at authorities and constant correction of incorrectly completed or collected documents. Registration of a tax deduction is one of the rare exceptions, when the procedure for submitting documents is noticeably simplified.
There are two ways of compensation - through the tax authority or place of work.
Let's look at what documents need to be collected in both cases.
Registration of deductions through the tax office
To return income tax using this method, you should contact the tax authority at your place of residence and provide a package of documents.
The full list can be found on the website of the territorial tax office. There may be differences in the number and method of filling out documents in different regions. To avoid a “damaged phone”, it is better to find the contacts and address of the institution, then make an appointment and communicate with the inspector in person.
An approximate package of documents for processing a mortgage deduction is the following list:
- passports persons whose funds are used to purchase housing. For minors in whose name real estate is registered, a birth certificate is required;
- contract of sale. Since the tax deduction is made only for a house that has been put into operation, and not one that already exists at the project stage, an acceptance certificate should be prepared;
- certificate of ownership for housing;
- individual tax number the person filing the tax deduction;
- agreement with the bank on issuing a loan for the purchase of real estate (the purpose of the loan must be specified in the agreement);
- Bank reference, confirming interest paid, and payment documents (checks or receipts confirming the deposit of funds);
- income certificate(form 2-NDFL) - issued by the accounting department at the place of work;
- filled declaration in form 3-NDFL(sample is located);
- income tax refund application to the applicant's account.
If you plan to receive compensation in the form of increased wages at your place of work, then the application indicates not the account number, but the employer’s details. A certificate is issued to the latter’s address, on the basis of which the accounting department returns income tax to the applicant.
Despite the impressive list of documents, most of them have already been completed; you just need to provide the inspector with the originals along with certified copies.
Registration of tax deductions at the place of work
The first step in obtaining compensation is obtaining a certificate from the tax office (see above).
After this, you need to duplicate some documents for the employer:
- acceptance certificate and purchase and sale agreement;
- certificate of ownership;
- payment documents (receipts, checks or receipts);
- application for income tax refund.
Which tax deduction method should you choose?
The benefits of compensation through the tax office are that the money is directly returned to the taxpayer. This does not apply to the funds used to reimburse the payment of interest on the loan - they are spent purposefully to pay off the current debt.
You can also receive a deduction for several previous years at a time through the tax authority. The disadvantages of this method are the long wait for a positive decision and refund.
When applying for a tax deduction at the place of work, compensation occurs constantly, as wages accrue. The company does not incur any losses during these payments - simply the income tax is transferred not to the state, but to the employee. This method should be chosen if the place of employment is stable and dismissal is not part of your immediate plans.
If you change employer, you will have to go through the registration procedure with the tax office again.
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