Major illness medical insurance can be deducted before personal income tax.
From October 20, 2018, the Ministry of Finance and the State Administration of Taxation, together with relevant departments, drafted the Provisional
Methods for Special Additional Deductions for Individual Income Tax (Draft for Public Opinion), and the fourth chapter is the special additional deduction for major medical illnesses. A tax year, in the social medical insurance
management information system records (including the medical insurance catalog range of out-of-pocket expenses and medical insurance catalog range of out-of-pocket expenses) by the individual
bearing more than 15,000 yuan of the medical cost of medical expenses part of the expenditure for the medical treatment of major illnesses, can be in accordance with the standard limit of 60,000 yuan per year to be deducted
despite. The special additional deduction for major medical treatment will be deducted by the taxpayer when he or she makes the remittance.
Taxpayers should keep the originals (or copies) of the bills related to the charges for medical services, and the medical expenses incurred are deducted by the taxpayers themselves.
Expanded Information:
Taxpayers' children receive pre-school education (from age 3 to elementary school entry pre-school education) and academic education (primary and junior high school compulsory education,
ordinary high school and secondary vocational education, academic specialties, undergraduate, master's degree, doctoral degree education) related expenditures, according to
According to the annual 12,000 yuan (1,000 yuan per month) per child The standard deduction is fixed. The parents of the educated children shall deduct 50% of the standard deduction; upon agreement of the parents, one of the parents can also choose to deduct 100% of the standard deduction. The specific method of deduction cannot be changed within one tax year.
Taxpayers' expenses on continuing education are deducted at a flat rate of 4,800 yuan per year (400 yuan per month) during the period of academic education.
Taxpayers receiving continuing education on vocational qualifications for skilled personnel and continuing education on vocational qualifications for professional and technical personnel are subject to a flat-rate deduction of 3,600 yuan per year in the year in which they obtain the relevant certificates
.
The special additional deduction for housing loan interest can be deducted at a flat rate of 12,000 yuan per year (1,000 yuan per month). Non-first home loan
Interest expenses on housing loans are not deductible by taxpayers.
Special additional deduction for housing rent: rented housing is located in municipalities, provincial capitals, cities with separate plans, and other cities determined by the State Council
cities, the deduction standard is 14,400 yuan per year (1,200 yuan per month); rented housing is located in other cities, the municipal area with a household population of more than one million
deductions for the standard of 12,000 yuan per year (1,000 yuan per month). (1,000 yuan per month). If the rented housing is located in other cities with a population of 1 million or less, the deduction is 9,600 yuan per year (800 yuan per month).
Taxpayers are allowed to deduct alimony expenditures for supporting their parents who are 60 years of age or older (inclusive) as well as other legal dependents. If the taxpayer is an only child,
the deduction is fixed at 24,000 yuan per year (2,000 yuan per month); if the taxpayer is not an only child, the taxpayer should share the deduction of 24,000 yuan per year (2,000 yuan per month) with his or her brother or sister, and the method of apportionment includes the average apportionment, apportionment designated by the dependants
or the agreement of the dependants. The method of apportionment cannot be changed within a tax year.
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