A property deduction for a mortgage can be obtained both from the cost of housing under the contract (total cost) and from the cost of paying mortgage interest.
How to get a mortgage interest deduction?
When purchasing real estate with a mortgage, the owner or the owner’s spouse has the right to:
If your income is sufficient to receive the main deduction, then you can already begin to receive a tax deduction for mortgage interest. What should be done:
- It is necessary to obtain a certificate from the bank about the interest actually paid.
If you are applying for a mortgage interest deduction for the first time, then you need to request a certificate from the bank for the period from the beginning of lending to the end of last year. For example, when applying for a deduction in 2016, the certificate must be issued by December 31, 2015. - Based on a certificate from the bank, the 3-NDFL declaration is filled out in the same manner as the main deduction
- The documents listed below are attached to the declaration. A complete package of documents is submitted to the tax office.
List of documents for registration of mortgage deduction
If you have already submitted documents for the main property deduction in previous years, and this year you are applying for a mortgage interest deduction, then collect the documents according to the list:
And your income is sufficient both to receive the main deduction and the mortgage interest deduction, then in addition to the documents given above, you need to submit documents for the main property deduction.
If you are claiming a property deduction for the first time, but your income is not enough to receive the main deduction (13% of the cost of the purchased property, but not more than 260,000 rubles), then you do not yet need to apply for a deduction on mortgage interest. You need to apply for the main property deduction first.
The amount of property deduction for the cost of paying interest on the loan
Since the beginning of 2014, the property deduction for mortgage interest has been limited to:
- if the housing was purchased before January 1, 2014 (ownership/transfer and acceptance certificate was issued before January 1, 2014), then a deduction can be obtained from the entire amount of interest expenses;
- if housing was purchased after January 1, 2014, then a deduction can be obtained from an amount not exceeding 3 million rubles (if the amount of expenses for paying interest on the loan (not for the year, but for the entire loan period) is higher than 3 million rubles, then the deduction will be provided only from 3 million rubles, if lower, then from the actual amount).
- If the amount of the loan received exceeds the cost of the purchased property, then the deduction from the cost of paying mortgage interest will not be received from the entire amount. The amount of the deduction will be calculated based on the costs of purchasing real estate in the total loan amount.
According to the Letter of the Ministry of Finance of the Russian Federation dated August 22, 2014 No. 03-04-05/42128.
Is it possible to get a deduction from a loan?
When purchasing real estate with a mortgage, the owner has the right to both a basic property deduction (13% of the cost of housing under the contract, but not more than 260 thousand rubles) and a deduction from the cost of paying interest on the loan (13% of these costs) .
You cannot get a deduction from expenses for repaying a loan, but you can get a deduction from expenses on repaying interest on a loan, but there are a number of conditions:
- Not every loan can be deducted. It must be targeted (taken and actually spent on the construction or purchase of housing). That is, an agreement must be concluded with the organization that provided the loan, which specifies the purpose of the loan: the acquisition or construction of housing on the territory of the Russian Federation in accordance with paragraph 4 of paragraph 1 of Article 220 of the Tax Code of the Russian Federation. It is impossible to receive a deduction from a non-targeted loan, even if you purchase real estate using these funds.
According to Letter of the Ministry of Finance of the Russian Federation dated June 19, 2014 No. 03-04-07/29416; - the loan must be actually spent on the purchase of housing in the Russian Federation, and not for other purposes;
- A deduction for loan repayment costs can only be obtained for the same housing for which a property deduction was issued, if the property was purchased before January 1, 2014.
- when purchasing real estate with a mortgage after January 1, 2014, it became possible to receive a deduction for the cost of paying mortgage interest, even if the taxpayer had previously taken advantage of the deduction for the purchase of another apartment purchased using only their own funds. According to Letter of the Ministry of Finance of the Russian Federation dated December 16, 2014 No. 03-04-05/64922. Thus, the deduction for the cost of paying mortgage interest is no longer tied to the main deduction: the main deduction can be obtained for one property, and the deduction for mortgage interest - for another property according to the Letter of the Ministry of Finance dated November 3, 2015 No. 03-04- 05/63421, Letter of the Federal Tax Service of the Russian Federation dated May 21, 2015 No. BS-4-11/8666.
Property deduction for mortgage in case of joint ownership
If the property was acquired in joint ownership before January 1, 2014, then when the 3-NDFL declaration is first submitted to the tax office, an application for the distribution of the deduction between the owners is drawn up. It indicates who will receive the deduction and in what proportion. The mortgage interest deduction is allocated according to this statement. You cannot apply for a basic deduction of 50% to 50%, and get a deduction for mortgage interest of 100% to 0%, for example.
If the property was acquired as joint ownership after January 1, 2014, then when the 3-NDFL declaration is first submitted to the tax office, an application for the distribution of the deduction between the owners is drawn up. It indicates who will receive the deduction and in what proportion. The mortgage interest deduction can be allocated annually on an additional application. For example, apply for a basic deduction of 50% to 50%, and receive a deduction for mortgage interest of 100% to 0% in the first year, and the next year in a different proportion.
According to Letter dated October 1, 2014 No. 03-04-05/49106
Property deduction for a mortgage with shared ownership
The deduction is issued from the year when the balance of the deduction for the principal amount (the cost of housing under the contract) is received. There is no point in declaring the mortgage interest deduction earlier.
When registering shared ownership, it is necessary to take into account that the mortgage deduction is distributed according to the share indicated in the certificate of ownership. It cannot be issued in a different proportion, and it does not matter who is the borrower or who is the co-borrower.
You can get back the money you paid to the government in taxes, or you can choose not to pay tax (up to a certain amount). To do this, you need to get a so-called tax deduction, that is, reduce your taxable income. A tax deduction is an amount that reduces the amount of income on which tax is levied. Often the income you receive is only 87% of what you earned. Because your employer (or other tax agent) pays 13 rubles out of every 100 rubles for you as tax (personal income tax, otherwise called income tax). In some cases, you can get this money back. One such case that gives the right to a tax deduction is the purchase of residential real estate using a mortgage loan and the payment of interest on the mortgage loan.
How is the return on home purchases and mortgage interest related?
A tax deduction can be obtained for both the cost of housing and the interest paid on the mortgage loan. These are two components of the “property tax deduction”. The procedure for receiving it is as follows: as a rule, taxes are first returned on the cost of housing, and then on interest paid on the mortgage.
How to calculate deductions and tax for refund
The deduction amount reduces the so-called taxable base, that is, the amount on which tax was withheld from you. You will be able to receive from the state in the form of tax refunds not the amount of the deduction, but 13% of the amount of the deduction, that is, what was paid in taxes. The deduction amount can be the entire amount of interest actually paid, but not more than 3 million rubles - the deduction limit. The amount of tax refund can be up to 13% of the interest actually paid. If you paid interest to the bank, for example, 100 rubles, you can return 13 rubles.
At the same time, you will not be able to receive more than you paid in taxes. For example, you paid 100 rubles in interest on the loan for 2012. 13% of 100 rubles is 13 rubles. You can receive 13 rubles only if you paid (or your employer withheld from you) 13 rubles in income taxes for 2012. If you paid only 10 rubles in taxes in 2012, you will be able to return 10 rubles based on the results of 2012. 3 rubles will be transferred to the following years. The mortgage interest deduction, unlike some other deductions, is carried forward to future years.
Maximum deduction amount
There is no limit on the number of years you can deduct. That is, if you, for example, pay off a mortgage loan over 20 years, you can pay back taxes for the entire 20 years as the interest from planned turns into paid. The maximum tax refund when purchasing real estate is 260,000 rubles, but mortgage interest refunds are made above this limit. The maximum tax refund on a mortgage loan is 390,000 rubles
Tax Refund Calculator
In addition to this page, you can use our mortgage calculator to calculate the amount of mortgage payments and the amount of taxes that you can return. Our mortgage calculator, unlike many others, also calculates the taxes to be returned on the mortgage, including a breakdown of the returned taxes by year. Our calculator in the section "Buying a home" / "Calculator".
Calculators you can download
How to get the maximum deduction quickly and easily?
The easiest way is to quickly prepare the correct documents for the maximum refund and submit these documents with the Tax Office. With the Tax Inspectorate, the documents will be approved and you will not have to redo them. You will receive the correct documents and expert advice. And then you can choose whether to take the documents to the inspectorate yourself or submit them online.
Two ways to receive a deduction
There are two ways to receive a deduction: at the end of the year for which the deduction is received, by receiving the entire amount from the tax office, or during the year for which the deduction is received, by underpaying the tax and receiving a deduction from the employer (or other tax agent). Let's look at an example. To receive a refund on interest paid, for example, in 2012, you need to wait until the end of the year. Then, for example, in January 2013, you can submit documents to the tax office and receive your taxes refunded in one amount (up to 13% of the interest paid in 2012).
Or you can take the necessary documents from the tax office, provide them to the employer and receive a deduction from the employer. But the employer will not return anything to you. He will not withhold income tax from you until the amount of income tax that he thus pays you is equal to the interest actually paid in 2012.
What to do if common property
In the case of shared ownership, the deduction (both for the cost of housing and for interest on the mortgage) is distributed in accordance with the shares of the owners. The same principle applies if spouses own shares. One participant in shared ownership cannot transfer his share of the deduction to another.
In case of common joint ownership, the deduction is also distributed, but at the request of the owners. They will need to write a written application for the distribution of the deduction and submit it to the tax office along with other documents. The deduction can also be distributed in favor of one owner.
How to get a tax deduction
On the Tax website you will find everything you need to get a deduction. Now you don't need to contact consultants. You can do everything yourself much faster and cheaper:
1 Fill out the declaration on the Tax website. With us, filling out the declaration correctly will be quick and easy.
2 Attach the list of documents to the declaration. The list and application templates can be downloaded for free in the “Useful” / “Documents for deduction” section of the website.
3 Submit documents and receive money. All you have to do is submit the prepared documents online through the Tax Office or take them to the inspectorate and receive the money.
To proceed to filling out the 3-NDFL tax return on our website, please click the Next button below.
If you are going to receive a deduction for 2018
If you want to receive a deduction for interest paid in 2018, you must wait until the end of 2018. Documents for deduction can be submitted from the first working day of 2019. The program for preparing 3-NDFL for 2018, which you will need, will appear on our website in January 2019. This is due to the fact that the 2018 return is usually filed after the end of 2018.
Purchasing a new home with a mortgage makes it possible to return 13% of personal income tax on two grounds at once: from purchase costs and from mortgage interest, if the buyer is a resident of the Russian Federation and pays tax on income. When an individual can count on a tax deduction for a mortgage, and what documents he will need, we will consider in this article.
Property deduction when purchasing an apartment with a mortgage
The money that can be returned by the owner of the purchased mortgaged property is limited by the amount of the property deduction (clauses 3 and 4 of clause 1 of Article 220 of the Tax Code of the Russian Federation):
- for funds actually spent on the purchase of living space, the maximum deduction is 2,000,000 rubles. (Clause 1, Clause 3, Article 220 of the Tax Code of the Russian Federation), which means you can return up to 260,000 rubles. tax (2,000,000 x 13%);
- property deduction for mortgage interest is limited to RUB 3,000,000. (Clause 4 of Article 220 of the Tax Code of the Russian Federation), so you will be able to return no more than 390,000 rubles. tax (3,000,000 x 13%). The deduction includes interest already paid to the bank. All payments are taken into account, starting from the very first, even if the mortgage agreement was executed before ownership of the purchased home arose.
You can claim a property tax deduction for mortgage interest immediately together with the main one, or when the main deduction is used. In addition to mortgage agreements, this deduction is also applicable to other targeted credit and loan agreements, if their terms state that the sole purpose of the borrower receiving money is to purchase housing in Russia: such clarifications were given by the Ministry of Finance of the Russian Federation in its letter dated 04/08/2016 No. 03- 04-05/20053.
When can you claim the right to a property deduction for a mortgage? When a document confirming the ownership of the purchased housing is received and the calendar year in which the right arose ends. So, having bought a “mortgage” apartment in 2017, and then received a certificate for it, you can claim deductions in 2018.
Please note that the tax is refunded starting from the year the right to deduction arose, and the remaining amount of the deduction is transferred to subsequent, later years until it is “exhausted” completely.
You can claim the right to a property deduction when purchasing property with a mortgage later, years after the purchase - this period is not limited by law. In this case, personal income tax will be returned for the three years preceding the application, but not earlier than the year in which ownership rights were obtained. Let’s say for an apartment purchased in 2012, the deduction was declared only in 2018. - in this case, you can return the tax for 2017, 2016 and 2015. And for housing, the owner of which the buyer became in 2016, having declared a deduction in 2018, personal income tax will be returned for 2017 and 2016, but not earlier.
Property deduction - mortgage: documents for the Federal Tax Service
The full list of documents required when applying for personal income tax deductions is indicated in the letter of the Federal Tax Service of the Russian Federation dated November 22, 2012 No. ED-4-3/19630. To return the tax paid, a 3-NDFL declaration for the corresponding period is filled out and submitted to your Federal Tax Service with a full package of supporting documents.
Documents for obtaining a property deduction for a mortgage:
- certificate of income “2-NDFL” (from each place of work) for the reporting year,
- a copy of the housing purchase and sale agreement with all attachments,
- a copy of the certificate of ownership,
- documents confirming payment for the purchase of housing (receipts, bills, statements, checks, etc.),
- a copy of the mortgage loan agreement,
- certificate from the creditor bank on the amount of mortgage interest paid,
- application for personal income tax refund - it can be attached to the declaration immediately if the individual has calculated the amount to be reimbursed independently, or it can be submitted after the Federal Tax Service Inspectorate approves the right to deduction.
Only in order to claim a property deduction for a mortgage in 2017, the 3-NDFL declaration can be submitted throughout 2018. If, along with the deduction application, the taxpayer declares his income, which he is obliged to report, the deadline for filing 3-NDFL is May 3, 2018.
Mortgage refinancing and property tax deduction
There are no restrictions in tax legislation for receiving a personal income tax deduction when refinancing a mortgage loan (when changing the creditor bank). Refinancing a mortgage does not in any way affect the right to receive a deduction, provided that the documents are completed correctly.
Obtaining a property deduction when refinancing a mortgage is possible if the agreement concluded with the new bank is called a mortgage lending agreement, and the purpose of the loan is to refinance a previous bank loan. The text must also contain an indication of the location of the housing purchased by the borrower.
When refinancing, in addition to the documents listed above, you must provide the following to the Federal Tax Service:
- the mortgage agreement originally concluded and the payment schedule thereunder;
- a certificate from the first bank stating that the agreement has been terminated;
- agreement with the new bank on mortgage refinancing and payment schedule;
- If the refinancing agreement does not indicate the details of the original mortgage agreement, a certificate from the new bank is required about the fact of refinancing the previous loan.
If refinancing is associated with the bankruptcy of the first bank that issued the loan, instead of a refinancing agreement, the tax authorities need to provide a document on the assignment of claims.
Property deduction for shared construction with a mortgage
There is no need to wait for a certificate of ownership to claim a tax deduction for shared construction. A mortgage for shared construction allows you to receive a property deduction from the moment the buyer signs the acceptance certificate for the new apartment.
The following must be attached to the package of documents for the tax authorities:
- an act of acceptance and transfer of housing signed by both parties (copy),
- a copy of the equity participation agreement with all attachments,
- confirmation of the buyer’s deposit of funds (copies of checks, bank statements, bills, etc.).
It is important to take into account that the preliminary purchase and sale agreement/preliminary act of acceptance of the apartment is not a confirming document for obtaining a deduction (letter of the Federal Tax Service of the Russian Federation dated August 29, 2013 No. BS-4-11/15716).
All citizens of the Russian Federation who have taken out a bank loan for an apartment can receive a tax deduction on mortgage interest when purchasing real estate for the entire period during which the mortgage tax was paid. To receive the accrued amount, you must submit documents to the tax office. The legislation allows for the receipt of part of the funds if the transaction was executed in any state bank of the Russian Federation.
What is a property deduction for mortgage interest?
The borrower has the right to return funds paid to the state treasury in taxes, or not to pay taxes. In this case, you can receive a refund of part of the taxes, that is, reduce the amount of income on which tax is calculated. The mortgage interest tax deduction is money that reduces the amount of income on which taxes are levied. Purchasing real estate (apartment or plot) using a mortgage loan and paying money on it is one of the cases that gives the right to a property deduction from interest on the mortgage loan.
Basic deduction
Citizens who took out a mortgage when purchasing an apartment have the right to receive a refund of interest. The refund procedure occurs in accordance with subparagraph three of paragraph one of article of the Tax Code of the Russian Federation, which regulates the tax reporting period and the list of required documents. Refund of interest - according to subparagraph four. The right to registration is valid if there is a certificate of purchase of housing. The maximum amount that a property deduction for mortgage interest can have is two million rubles.
Mortgage Interest Deduction
A citizen who bought real estate with a mortgage is obliged to pay, in addition to the principal debt for the apartment, a certain amount to the bank every month. Over the entire payment period, a certain amount of repaid debt accumulates. The borrower has the right to repay at a time 13% of the amount for mortgage interest, but not more than three hundred ninety thousand rubles. This feature applies to loans issued after 2014. A citizen can receive a mortgage interest deduction once in his life.
Payment of the interest paid to the bank can be made at any time and for any period of repayment of the mortgage loan for a home. Funds can be obtained through the employer or the tax office. The choice of payment method depends on the urgency of payment and the amount (some employer companies have the right to withhold a percentage for providing intermediary services).
Who is entitled to
The tax office compensates for the money paid by the citizen to the bank by deducting interest on the mortgage. It is not necessary to claim the mortgage interest deduction immediately as a housing benefit. If housing was purchased with a mortgage, and the citizen has already used a deduction for purchase costs, a refund can be made later. Compensation for mortgage interest deductions is due to all citizens of the Russian Federation who work officially during the entire period of debt repayment.
Where to apply for a tax deduction
A citizen can apply for a mortgage interest deduction to the following organizations:
- government services portal;
- tax office at the place of registration;
- any multifunctional center (MFC).
Federal Tax Service at the place of registration
The tax office at the place of registration carries out any operations relating to the payment of tax interest. The number and address of your Federal Tax Service can be found on the government services portal by entering your registration address and TIN number (taxpayer identification number). At the place of registration, you can only submit an application and a 3-NDFL declaration, after which the application will be considered in a short time. If your right to receive payment is confirmed, you will need to submit the rest of the documents.
MFC
The Multifunctional Center (MFC) processes tax payments on mortgage loans. To receive the payment, you must fill out a declaration in accordance with Form 3-NDFL, after the end of the year in which payments began. Multifunctional centers are not geographically tied to citizens, and anyone wishing to receive interest payments can contact any of them located on the territory of the Russian Federation.
Public services portal
You can receive a mortgage interest deduction by submitting an application through the official government services portal. For this operation, you need to register in the system, indicate the data (series, number, registration) of the passport of a citizen of the Russian Federation, SNILS and other documents. After the administration verifies the accuracy of the data, the user will be able to submit an electronic package of documents for the return of mortgage interest. In addition, on the portal you can find out how to get money from mortgage interest in other organizations.
How to return mortgage interest through the tax office
In order to return the amount of interest through the tax office, you must submit the appropriate package of documents there. First of all, you need to calculate and fill out the declaration form. The papers are submitted with the expectation that the money will be returned within three months, counting from the date of submission of the documents. The repayment period depends on the bank where the mortgage was issued, the amount of money, and how to receive a deduction from the mortgage interest (in cash or to a bank account).
Submitting an application in the prescribed form
To make a payment at the tax office, you need to go to the electronic queue terminal and select the “fines, penalties, deductions” item. An employee in the office indicated on the coupon will issue an application form in accordance with the citizen’s needs (No. 289/BG-3-04/256). After filling out the application in accordance with the instructions specified in it, it is handed over to the tax officer, and the applicant is left with a certified copy.
The application is reviewed within ten working days. After consideration of the application, a notification of a positive or negative decision will be sent to the citizen at the registration address indicated in the application in the form of a letter or in the form of a text or voice message to a contact phone number. If the decision is positive, it will be necessary to submit the remaining package of documents.
Documents for receiving a deduction
To receive a sum of money, you must submit the following documents:
- statement;
- a certificate from the bank where the mortgage loan was obtained;
- certificate from the place of work;
- documents confirming the right to housing;
- tax return (form 3-NDFL);
- passport (original and copies);
- additional documents indicating shared ownership, for example, a marriage certificate (if necessary).
Receiving funds to your account
In order to receive a payment, the application must indicate the full details of the account to which the tax office will have to transfer the funds. Refunds can be made in the following ways:
- pick up money in cash at the bank;
- to a bank account;
- to a debit or credit card account.
Tax refund on mortgage interest through employer
The state can reimburse interest on a housing mortgage loan and the principal debt not only through the tax authority (calculating the total annual amount), but also through the employer. In this case, the method of calculating annual payments is used. To use this scheme, you need to do the following:
- Order in advance from the tax office a certificate (3-NDFL) confirming your right to compensation and mortgage payment.
- Submit the certificate to the accountant at your place of work.
- Receive a lump sum payment from the accounting department within three months from the date of submission of documents.
When can you get a tax deduction?
Cash for mortgage interest can be received at any time, but not earlier than one year after the start of payments on the mortgage loan. The money can be returned in a one-time payment or by annual transfers to the account, depending on the citizen’s wishes. In addition, the payment can be received not for the entire term, but for one or two years of the mortgage loan repayment period.
Statute of limitations
The return of funds in the form of a tax deduction is not limited by the statute of limitations, according to the laws of the Russian Federation. A citizen has the right to receive a tax deduction until it is fully applied. In addition, the amount of money can be paid for any tax period. However, the homeowner can exercise the right to a deduction only in the amount that was in effect when the right to this payment arose.
How is the mortgage interest deduction calculated?
The deduction amount reduces the so-called taxable amount on which the citizen’s income tax was withheld. The recipient can recover 13% of the deduction amount for the reporting period in the form of tax refunds. The amount may be the entire amount of money actually paid, but the amount of payments is limited according to the mortgage loan agreement - three million rubles. The maximum tax refund can refund up to 13% of the amount paid, i.e. if, for example, 100 rubles were paid, the compensation will be 13.
Distribution of tax refunds when applying for a mortgage by spouses
When the purchased real estate is jointly owned by a husband and wife (shared ownership), the main deduction (for real estate and for the payment of interest) is distributed in accordance with the size of the share of each owner. The owner does not have the right to provide his share of the compensation deduction amount to another copyright holder. Each of them has the opportunity to apply for a deduction upon purchase and accrued interest on a mortgage loan for an apartment. If the husband or wife has already received a refund from the tax service for the apartment, the other shareholder can only receive half of the deduction.
Refund of personal income tax when refinancing a mortgage loan
A citizen who bought a home with the help of a mortgage and applied to another bank for a one-time refinancing of the mortgage, thereby actually reducing the principal cost of paying interest to the bank, can also apply for interest reimbursement in accordance with the first and second agreement. In this case, the documentation must indicate that the loan was issued for the purpose of refinancing the previous targeted loan.
For personal life insurance
A mortgage loan from most banks implies that a citizen will insure his health and life. Over the life of a mortgage loan, a large amount of money accumulates. Since 2016, Russia has allowed the return of personal income tax for personal life insurance, but there are several requirements for the insurance contract:
- life insurance period from 5 years;
- the insurance policy for the mortgage loan is paid for by the borrower himself;
- the borrower is a citizen of the Russian Federation;
- the citizen faithfully paid taxes from his salary.
Who is not entitled to a personal income tax refund on mortgage interest?
Benefits in the form of a refund of part of the tax payments for mortgage interest may be denied if the borrower has provided information in the application that does not correspond to reality, or has submitted to the authority an incomplete package of documents required for registration. In this case, tax refund is provided after submitting all documents and providing correct information. A complete refusal by the Federal Tax Service to provide a mortgage interest deduction occurs under the following circumstances:
- people working unofficially, i.e. without concluding an employment contract with an employer;
- persons engaged in commercial activities and those who work on the patent tax system;
- citizens who have become the legal owners of living space purchased by third parties;
- persons who previously applied for a mortgage deduction for the same property;
- interdependent citizens (purchase of apartments or other housing from relatives).
Video
Found an error in the text? Select it, press Ctrl + Enter and we will fix everything!
Yes, they don't communicate with each other. In addition to the fact that a tax refund can be made separately, it can be obtained for a separate apartment, for which it is not necessary to issue a 13% deduction on the principal amount.
How much can you expect and what is its maximum amount?
Reference. Regardless of the amount of interest paid, the largest amount that is subject to return is 390,000 thousand rubles, i.e. 13% of 3 million rubles.
For clarity, consider an example: A citizen purchased an apartment for 4 million rubles with a mortgage. The interest amount was one and a half million rubles. He himself paid 13% income tax, i.e. 13% of income from official employment and other declared sources, a total of 136,000 rubles for the year.
Let’s calculate how much of his “hard-earned money” he can return:
1500000 100 * 13 = 195,000 rubles
For the year in which he paid taxes in the amount of 136,000 rubles, he was entitled to exactly the same amount as he paid to the state - 136 thousand rubles. Next year he has the opportunity to receive the balance, i.e. 195,000 - 136,000 = 59 thousand rubles.
When should you contact the tax office?
If, in addition to the interest deduction, you are claiming a refund of 13% of the principal amount, you must submit it after the second payment has been made in full, but there is an exception. Sometimes the annual amount of taxes paid to the state is, for example, 280 thousand. Then it makes sense to apply for both. You will receive 260 tr from the price of the apartment and 20 thousand in mortgage interest.
Package of documents
The following documentation must be provided:
- passport;
- paper that certifies that the loan is paid on time, its repayment schedule;
- bank statement regarding interest payments;
- confirmation that the loan is being repaid regularly (bank statement or receipts);
Statement
It’s quite simple to compose, there are no special nuances here. Its shape is arbitrary, it should contain:
- number of the Federal Tax Service of Russia to which you are applying.
- Full Name.
- The address where you live.
- Individual taxpayer number.
- The year for which you receive the deduction.
- Address of the mortgaged property.
- Amount of property deduction.
- List of the provided package of documents.
- Date.
- Signature.
- Calculation data for receiving a refund; for this, prepare the calculation data of the selected bank in advance.
Tax return
Brief information about what we need to fill out:
- the title part, which includes the first two pages. Information about the citizen who claims a 13% deduction is entered there;
- Section 1 – calculation of amounts to be refunded;
- section 6 containing the final tax deduction;
- Sheet A, reflecting data from a certificate of funds received issued by the employer;
- sheet G – the amount received from the employer and the amount of taxes deducted from it;
- sheet I contains a list of other credit assets, if any, and some calculations.
Step-by-step instruction
Title part
- In the “Adjustment number” enter “0 – -“, but this is only suitable if the declaration is the first;
- in the “Reporting period” indicate the past year for which you want to return 13%;
- “Tax authority code” must be asked from the tax service, since each institution has its own, this also applies to the OKATO code;
- Next you will need to indicate the taxpayer code, for an individual it is 760;
- You can enter the TIN if you wish, but in order to save time, it is easier to indicate, since when it is missing, you need to enter passport data, full name, etc.;
- choose your taxpayer status. This is easy, tax resident – 1, other cases – 2;
- enter your contact phone number;
- At the very bottom, indicate the number of pages you filled out.
First section
All you need to fill it out is a certificate of income. This data is entered into the monthly income categories.
Example 1. Anatoly had an income of 200 thousand rubles per year. This entire amount was received from the employer and was subject to tax. They withheld 13%, that is, the citizen received only 174 thousand rubles. That is, 26 thousand rubles are eligible for return. This is what we should reflect in the first section.
Fill in according to the example:
- in field 010 we enter 200 thousand rubles;
- in field 030 the same thing - 200,000 rubles;
- in field 040 we indicate 26 thousand rubles;
- in field 050 we duplicate field 010 - 200 thousand rubles;
- in field 070 we write 26 thousand rubles;
- in field 100 we indicate the same thing - 26 thousand rubles.
Sixth section
- In field 010 enter “2”;
- in field 020 we indicate the BCC:
- 182 1 01 02020 01 1000 110 – for individual entrepreneurs and legal entities;
- 182 1 01 02010 01 1000 110 – for those whose source of income is a tax agent;
- 182 1 01 02030 01 1000 110 – for individuals;
- in field 030 code according to OKATO, we find it on the website http://okato-kod.ru;
- in field 050 we write 26 thousand rubles according to the example.
Sheet I
To fill it out, consider example 2 (continuation of the first): Anatoly bought an apartment for 3 million rubles, the amount of interest paid was 1 million rubles. Let's calculate how much he can return for the housing itself, and how much for the interest paid.
Reference: The home is located on the street. Proletarskaya 4, apt. 65, the transfer of housing was carried out on November 25. 2016, the rights to the apartment were received on December 21, 2016, the first deduction. Apartment: 3,000,000 100 * 13 = 390,000 thousand rubles, but since the maximum amount is 260 thousand rubles, Anatoly will be able to return exactly this amount.
Percentage: 1,000,000 / 100 * 13 = 130 thousand rubles. Since the annual income is 200 thousand rubles, and the deducted personal income tax is 26 thousand, let’s calculate how long it will take Anatoly to return the entire amount. Since contributions to the state are 26 thousand, he can receive no more than this amount in a year. If we assume that 26 thousand will be deducted annually, then this is how long it will take:
- In line 010 – write “3”;
- in line 020 we indicate “own”;
- in line 040 enter the street. Proletarskaya 4, apt. 65;
- in line 050 – 11/25/2016;
- in line 060 – 12/21/2016;
- in line 100, indicate the current year, since this is the first deduction;
- in line 110 enter 3 million rubles;
- in line 120 we write 1 million (the amount of mortgage interest);
- in line 210 - 260 thousand rubles;
- in line 220 – 130 thousand rubles;
- in line 230 we indicate the information from example 1, this is the amount of annual income, i.e. 200 thousand rubles;
- in line 250 - 1 million, this is mortgage interest;
- in line 260: 260,000 – 26,000= 234,000 rubles – the balance of the amount for 9 years (see example 2);
- in line 270: 130,000 – 26,000 = 104,000 rubles – the balance of the amount for 4 years (see example 2).
Sheet A
We enter the amount that we received from the employer and is subject to a 13% tax. In addition, we indicate the name of the organization and its payment details. The source of all data will be a certificate from the company, your employer.
Example 3: The citizen works at the Octavia company. His INN: 6449013711, KPP (registration code) - 644901001, OKATO code - 63250840.
Sheet G1
There are two parts here. In the first we indicate detailed information about monthly income, in the second the amount of deducted taxes for each month.
Example 4. Since Anatoly received 200 thousand rubles for the year, the amount of his income for the month is 16 thousand 666 rubles. In G1, we need to first indicate income for 1 month, then for 2, then for 3, and so on until the end of the year.
- Line 010 – 16 thousand 666 rubles – income for January;
- line 020 – 33 thousand 333 rubles – income for January + February;
- line 030 – 49 thousand 999 rubles – income for the period from January to March;
- line 040 – 66 thousand 665 rubles – income from January to April;
- line 050 – 83 thousand 331 rubles – income from January to May;
- line 060 – 99 thousand 997 rubles – income from January to June;
- line 070 – 116 thousand 663 rubles – income from January to July;
- line 080 – 133 thousand 329 rubles – income from January to August;
- line 090 – 149 thousand 995 rubles – income from January to September;
- line 100 – 166 thousand 661 rubles – income from January to October;
- line 110 – 183 thousand 327 rubles – income from January to November;
- line 120 – 199 thousand 993 rubles – income from January to December;
- in line 170 we indicate the amount of 13% tax that was paid to the state every month - this is 2 thousand 166 rubles.
This completes the filling.
Important! The papers are submitted to the tax office. You can submit either in person or by mail.
How to receive funds?
There are several options here.
- Receipt through the employer. Every month 13% will not be deducted from your salary, i.e. your salary will increase. This will continue until the amount of the required tax deduction is exhausted.
- Receipt to a bank account. You will be immediately transferred the entire amount (in accordance with the amount of tax withheld from your income for the year, see above for more details) to your bank account.
Now you are fully aware of the procedure for returning interest on a mortgage loan. The information from the article will help you avoid some problems and cope with this process as quickly as possible.
