Tax deduction calculator when buying an apartment.

Until 2014 , interest deductions could be obtained from the entire amount of interest. Starting from January 1, 2014, interest deductions can only be obtained from 3 million rubles, i.e. no matter what amount of interest you pay, the maximum you can get

Interest deduction = 3,000,000 * 0.13 = 390,000 rubles.

This page provides a tax deduction calculator for purchasing an apartment.

If the result in the last column is negative, then the amount of 13% of the salary for the entire period of using the loan will exceed the possible deduction - i.e. You will be able to fully receive the money as a deduction at work.

You can calculate a tax deduction for both the loan amount and a tax deduction for mortgage interest. An example of tax deduction calculation is given in this article. The tax deduction is calculated taking into account early repayments of the loan (mortgage). The calculator shows how much you can get in tax relief each year you pay your mortgage. The table shows the amount of interest for each year, as well as how much of this amount you can get back next year.

The tax deduction calculator when buying an apartment calculates quite accurately. The main purpose is to calculate the deduction for an apartment. You can only get a tax refund once in your life. If the cost of an apartment is less than 2 million rubles, the tax deduction is 13 percent of the purchase amount.

If the price of housing exceeds 2 million rubles, the maximum deduction from the purchase amount is 260,000 rubles. Each year, if you pay your mortgage payments on time, you can get a tax refund on the interest you earned last year.

Personal income tax rate options

The calculator provides the option to select the desired personal income tax rate - 9, 13, 15, 30 or 35%.

The specifics of applying this or that rate will be discussed below. As for direct calculations, you only need to select the rate you need and enter in the calculator field the amount from which you want to calculate the income tax.

The convenience of the calculator is that the amount does not need to be rounded to the nearest whole number. You can enter the amount in rubles and kopecks in the field, separating them with a comma.

Depending on what kind of calculation you need, you can click on the “Select personal income tax” or “Calculate personal income tax” button options. Accordingly, the calculator will give you the result in the form of personal income tax from the amount or the amount with personal income tax added to it.

Standard rate

The standard rate is 13%. It is used to calculate income tax in relation to citizens - residents of the Russian Federation, for whom, in accordance with Art. 224 of the Tax Code does not provide for a different rate.

Taxation at a rate of 13% applies to:

1. wages;
2. bonuses and vacation payments;
3. dividends received.

For non-residents of the Russian Federation, a 13 percent rate applies in the following cases:

1. receipt of income by a non-resident in the Russian Federation;
2. official employment of a non-resident in the Russian Federation by invitation for highly qualified personnel;
3. employment of a non-resident on the territory of the Russian Federation within the framework of the program for the resettlement of compatriots, for the entire duration of their stay as non-residents;
4. employment in the Russian Federation of persons who have refugee status or under conditions of temporary stay in the Russian Federation;
5. employment of non-residents on ships whose port of registration is the ports of the Russian Federation.

Rate of 30%

A 30 percent rate is applied to tax income received from securities, with the exception of dividends on Russian-issued shares, which are taxed at a 13 percent rate.

A rate of 30 percent applies to:

1. accrual of taxes on income from securities for non-residents of the Russian Federation;
2. accrual of taxes to any of the taxpayers who have not provided the Federal Tax Service with data allowing taxation at a different rate in accordance with the requirements of Art. 214 NK.

There are no deductions at this tax rate.

Rate of 35%

Calculation of personal income tax based on a rate of 35% is applied in accordance with Art. 224 Tax Code of the Russian Federation.

Payers are individuals, both residents and foreigners, who receive income in the Russian Federation. At the same time, tax residents are taxed at a rate of 30% in cases of receiving income from sources located both in Russia and abroad. Foreign citizens become taxpayers at a 30 percent rate only on income received from Russian sources.

A 30 percent tax applies on income originating from:

• winnings and prize money from promotions worth more than 4 thousand rubles;
• income from bank investments that exceed the key rate of the Central Bank of the Russian Federation by 5 points for domestic currency and over 9% for deposits in the currencies of other countries;
• income received as a result of savings on loan funds.

Deductions for such types of income are not applied.

Rate 15%

It is applied as a tax rate for non-residents of the Russian Federation who receive income as a result of owning shares in the capital of companies and organizations of the Russian Federation.

The tax base includes all types of income, namely:

• cash receipts;
• natural product;
• material benefit.

If there are different types of income, personal income tax is calculated separately for each of the above types.

Please note: on January 1, 2021, Federal Law No. 372-FZ of November 23, 2020 came into force, which establishes an increased rate on individual income over 5 million rubles. All income is considered: salary, income from securities, dividends, coupons. To calculate the tax when applying an increased rate, divide the total income into 2 parts: 5 million rubles (we count them at a rate of 13%), and everything in excess of 5 million rubles (we count them at a rate of 15%).

Rate 9%

Article 224 of the Tax Code of the Russian Federation determines a 9 percent rate for calculating tax on:

1. income received as interest on bonds with an issue date no later than January 1, 2007;
2. income of the founders under trust management agreements by virtue of certificates issued no later than January 1, 2007.

What is the tax refund procedure for a mortgage?

Tax recalculation is of a declarative nature. In other words, the purchase of housing does not mean that from this month taxes will automatically cease to be calculated from such an employee. You need to independently collect the required documents and contact the accounting department of your organization or the tax office to write the appropriate application.

Loan “Collateral Loan+” Norvik Bank (Vyatka Bank), Person. No. 902

from 8.8%

per annum

up to 8 million

up to 20 years

Get a loan

The right to receive reimbursement of interest on the mortgage and on the price of housing is based on the transfer of the property to a new owner. This fact is confirmed by receipt of a certain document (registration certificate, acceptance certificate). Based on the results of the past year in which the real estate transaction took place, the buyer has the right to apply to the tax office to receive a deduction.

The Federal Tax Service has established what documents an applicant must submit for a refund of mortgage interest. These include:

• Declaration 3-NDFL (it is necessary to fill out the sheet number D1);
• income certificate in form 2-NDFL, issued by the employer (if there are several official places of work, there should be several such certificates);
• loan agreement with all attached documents, if any;
• a document confirming the purchase of housing (purchase agreement or transfer and acceptance certificate);
• payment document;
• a certificate from the bank indicating the existence of a mortgage and the amount of interest paid;
• certificate of ownership;
• application of the established form.

Loan “New building with state support” TransCapitalBank, Lt. No. 2210

from 5.34%

per annum

up to 12 million

up to 25 years

Get a loan

Copies of most of the listed documents are attached to the application. All of them must be certified by a notary. It is advisable to have the originals of the listed documents with you, as they may be asked to show them too.

The period for reviewing documents can be up to three months from the date of acceptance. After all the information has been verified by tax officials, a decision is made on whether to approve the tax refund. If the answer is positive, the money is returned within one month. Thus, the entire procedure may well last up to four months.

The tax office may refuse to receive a tax deduction if the cost of the apartment (part of the cost) was paid for using subsidies, such as the “young family program”, “military mortgage”, “maternity capital”, etc. But you can get a deduction from the amount of your own funds for the purchase of an apartment.

Tax Refund Options

Thus, the law provides that if all the conditions of the procedure are met, the applicant can receive a refund in two ways:

Mortgage Bank DOM.RF, Lit. No. 2312

from 9.4%

per annum

up to 30 million

up to 30 years old

Get a loan

• One-time payment;
• During the current year, tax will not be deducted from earnings, that is, in the form of a 13% increase in salary.

Online loan calculator

A tax deduction when purchasing an apartment consists of returning to the buyer from the state budget part of the income tax he paid.

This deduction is called a property deduction.

If you are officially employed and receive a salary, then from this salary your employer withholds income tax (personal income tax) in the amount of 13% in favor of the state.

If you buy an apartment, the state allows you to reduce your taxable income. As a result, the tax base is reduced and you have the right not to pay income taxes for some time or to return previously paid ones.

When it comes to deductions, there are two concepts: the amount of deduction and the amount of tax due. The tax deduction amount is the amount by which you can reduce your income when buying an apartment. The amount of tax to be refunded is how much money can actually be returned from the budget. In other words, the refund amount is 13% of the deduction amount.

When does the right to deduction arise?

The right to a deduction when purchasing an apartment arises if the following conditions are simultaneously met:

1. You must be a tax resident of the Russian Federation (live in Russia for at least 183 days during the year)
2. It is necessary to confirm with documents the expenses for purchasing an apartment.
3. It is necessary to have title documents. For a new building this is an apartment acceptance certificate, for secondary housing - a certificate of ownership or an extract from the Unified State Register of Real Estate
4. The seller is not your close relative.
5. The apartment is located in Russia.
6. The apartment was purchased without using maternity capital funds.

For what period can personal income tax be returned?

The right to receive a tax deduction when purchasing an apartment occurs:

• From the moment of signing the acceptance certificate of the apartment from the developer when purchasing an apartment in a new building.
• From the moment of state registration of property when purchasing an apartment on the secondary market.

You can return personal income tax from this moment and for all subsequent years. That is, you can use the deduction for as long as you like until the state returns the entire due amount.

However, you can only apply for a personal income tax refund for the previous 3 years.

. When purchasing an apartment in 2021, you can return personal income tax only for 2021, 2021 and 2015. And for all the subsequent ones. An application for deduction for the year is submitted next year. For example, to receive a deduction for 2021, the application must be submitted in 2019.

For pensioners

There is an exception: they can receive a deduction for the previous three years, even if the apartment was purchased later.

The statute of limitations for receiving a tax deduction under the Tax Code of the Russian Federation has not been established.

Can a deduction be used multiple times?

Until 2014, the deduction could only be received once, that is, for one apartment.

Starting from 2014, one person can use the deduction several times, but the general limit is RUB 2,000,000. per person remains the same. If you bought one apartment for less than 2 million rubles, then you can use the rest of the deduction when buying another apartment.

You can return a maximum of 260,000 rubles over your entire life. regardless of the number of apartments purchased.

If you used your deduction before 2014, the new balance carryover rules do not apply to you.

Deduction amount

The deduction amount is the amount of your expenses associated with the purchase of an apartment. However, it cannot be more than the established maximum threshold of 2,000,000 rubles. In other words, the maximum deduction when purchasing an apartment is 2,000,000 rubles

, which means the maximum amount of taxes that can be refunded:

Max. Personal income tax to be refunded = (RUB 2,000,000 × 13%) = RUB 260,000.

A few examples:

How to use the calculator

Let's look at a specific example of how to calculate personal income tax (online calculator with deductions for children 2020). Let’s imagine that we need to calculate income tax on the employee’s accrued salary of 30,000 rubles per month of work. An employee of the organization has two minor children, for whom, by virtue of Art. 218 of the Tax Code of the Russian Federation provides a deduction of 1,400 rubles per person. Before entering the income amount into the calculator, you must subtract the benefit amount from it:

30,000 - 1400 × 2 = 27,200 rubles.

Thus, the 2-NDFL calculator with deductions online does not allow us to automatically subtract deductions, so we need to keep an eye on this. We see that the calculator has a choice of bets. Since we are calculating the salary tax, we choose a rate of 13%.

Below is a field in which you need to enter the taxpayer's estimated income so that the calculator can calculate the deduction from it. In our case, it is 27,200 rubles.

The calculator will instantly calculate the amount of income tax that needs to be withheld.

And finally, in the last field we see the total minus tax. This is exactly how much, in our case 23,664 rubles, needs to be handed over to the employee.

Obviously, using an online calculator is very simple. In this way, you can calculate deductions from any payments to employees or funds received by the taxpayer.