Deduction from the Tax Agent in the Reporting Year Code 312 B 3 Personal Income Tax What to Write

The essence of deductions

A tax deduction is a legally established amount by which the tax paid to the state by individuals can be reduced. That is, of the 13% that goes from your income to the budget, part of the funds will not be withheld or it will be returned if the tax has already been paid.

In the Tax legislation of the Russian Federation there are different types of deductions - standard, property, investment and social. Deduction codes 311 and 312 refer to property deductions.

To let your employer know that you are claiming a tax deduction, contact the Internal Revenue Service to confirm your eligibility. In response to the request, the tax office will issue a notice that must be provided to the employer. Further control over the correct filling of the fields of income declarations is carried out by the company's accounting department.

If your tax return is prepared by your employer, but you have doubts about anything, you can ask the accounting department for a copy of the 2-NDFL certificate. And see if all deductions are reflected correctly. If you're filing your own income tax return, it's even more important to know how to fill out the different fields on the form so you don't overpay the government.

The amount of the deduction and the amount of money returned by the state are not the same thing. The deduction amount is the amount of money by which income is allowed to be reduced when purchasing property. And the returned tax is only 13% of the deduction. In this case, one employee will be able to receive 13% of the maximum amount of 2 million rubles . But you won’t get all the 2 million rubles you spent. from the budget, but only 260 thousand rubles. And even if 3 or 5 million rubles are spent, more than 260 thousand rubles, you still will not be compensated.

How to return up to 1,300,000 rubles. →

However, if the purchased housing cost 1.5 million rubles, then you can purchase a second one or a plot of land for an amount exceeding 0.5 million rubles. and collect the remainder of the deduction. But this applies only to those who did not exercise the right to deduct earlier, before 2014.

It is important to know that the deduction is given only once; it is impossible to use the benefit again. The declaration cannot be submitted in the year in which the property was purchased, but only the next year or even later.

Tax return 3-NDFL for 2021

Tax legislation establishes deadlines for filing returns only for those taxpayers who are required to report on income received. The report for the past tax period (calendar year) must be submitted no later than the last day of April. So, for 2021, the tax return must be submitted between January and April 2021.

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For Russian pensioners, the procedure is slightly different: they can return taxes for previous years, but no more than three. For example, an apartment was purchased in 2021, but the person worked only until 2021 inclusive. He can claim a deduction for taxes paid in 2021 and 2021.

Who will need code 311

Income for individuals comes in different forms—monetary and non-monetary. In addition, these may be payments from an employer, entrepreneurs, self-employed people, other companies or individuals engaged in private practice:

• receipt of money or property as payment for labor;
• receipt of funds as payment under civil contracts for the performance of work or services;
• crediting or settlement from the provision of licensed services to intellectual property owners;
• crediting funds for the sale of intellectual property or settlement with the copyright holder;
• other income.

If, when filing 2-NDFL, the employer makes an error or inaccuracy in the coding, the tax authority will fine it. To avoid a fine, you can submit corrected returns yourself, before the tax authority identifies the error, or avoid inaccuracies when filing your return.

Fill out 3 personal income taxes to receive a property deduction

Important

Home / Taxes / Personal Income Tax / How to fill out codes in the 3-NDFL declaration 01/08/2018, Sashka Bukashka When filling out the 3-NDFL declaration, code designations are used. This help article contains all the necessary codes that you may need when filing your tax return yourself.

Adjustment number The adjustment code for the 3-NDFL declaration means which declaration is submitted to the tax office for the reporting period. The first document is marked “000”, if the declaration is submitted again – “001”, the second corrected version must be numbered “002” and so on.

Attention

The number is indicated in the appropriate field on the title page. Tax period code In 3-NDFL, the tax period (code) is the period of time for which you are reporting.

Each time period is indicated by a digital value, depending on the period for which the declaration is submitted and indicated on the title page.

What type of deduction is coded under number 311

Property tax deductions are included in reports 2 and 3-NDFL. They come in two encodings:

• 311 - money that the taxpayer spent on construction on his own, or on the purchase of a new house, apartment, share in property, land plot for individual development;
• 312 - expenses that were spent on repaying targeted loans, interest or refinancing loans spent on the development or purchase of the same property as in code 311.

The following can exercise the right to tax deductions using codings 311 and 312:

• tax residents of the Russian Federation, that is, citizens who were in the territory of the Russian Federation for 183 days or longer during the last 12 months before filing the declaration;
• buyers who can document the transaction and ownership;
• individuals who have never previously exercised the right to this tax deduction, if their right has been wasted, then the deduction can be issued to their legal spouse;
• individuals who received official income in the specified period and had a tax of 13% withheld from them;
• those citizens whose loan and purchase transaction was concluded with a non-dependent person;
• buyers, if the transaction was concluded for the purchase of real estate in the Russian Federation;
• individuals who paid the costs of the transaction from their own savings or through borrowed funds.

A more detailed description of codes 311 and 312 can be found in the Tax Code of the Russian Federation in Article 220, paragraph 1, subparagraphs 3 and 4.

Code 311 in personal income tax declaration 3 what to write

Personal income tax in 2021.
Taxpayers will be able to find out what sheets the declaration submitted for verification should consist of, how the document is filled out, as well as some important details that must be taken into account in order to receive an income tax refund for an apartment. How to fill out the 3-NDFL yourself Individuals who want to reduce the tax base due to spending money on purchasing an apartment can print out the 3-NDFL declaration, enter the required information into it, send it for verification and soon receive a deduction.

How else can you use the deduction?

When calculating the deduction, state support funds are not taken into account. For example, maternity capital, military mortgage or housing certificates from the regional administration. Such government assistance is not reflected in the tax base. And funds spent on home decoration can be included in the limit amount up to 2 million rubles. But for this, certain nuances must be observed:

• if the housing was purchased from the developer, and the text of the purchase and sale agreement indicates that unfinished living space has been sold;
• The text of the purchase agreement states that the living space being sold is sold without finishing.

If the text of the contract specifies that the apartment has no repairs, not finishing, then the deduction may be denied. For the tax service, repair and decoration are not synonymous. Therefore, it is important to comply with this wording.

The buyer of an apartment can include the following finishing costs in the property deduction:

• materials for repairs;
• payment for the work of the construction team;
• payment for drawing up estimates and design of finishing works.

There is no clear list in the legislation, but the expenses incurred must be appropriate in meaning. Costs that are not directly related to finishing work may not be included in the property deduction amount. Expenses will be approved for:

• installation and dismantling of windows and doors;
• installation of flooring, tiles, kitchens, ceilings, bathrooms;
• painting or wallpapering walls and ceilings;
• laying communication systems - water supply, heating systems, electrical wiring.

To confirm expenses, checks, acts, receipts, payment orders are suitable, which clearly indicate what the payment was made for. You can include materials in expenses, even if you carried out all the repair and installation work yourself. You can specify any materials - doors, windows, primer, wallpaper. But a drill, an air conditioner or the price of a kitchen set cannot be included in the deduction.

You can include the amount of finishing not in the deduction for the decoration of the apartment, but in another period. If this year the accrued tax amount is less than the deduction, then the balance can be carried over to the next year and so on until the entire allowable amount is returned.

Code 312 in certificate 3 personal income tax, what does it mean?

To do this, you need to click the button opposite the “Type of property” column, a menu will appear with a choice of the type of property, select the type you need by left-clicking on it. We decide on the “Taxpayer Sign”. In this column, indicate the amount of your income for the previous year and then summarize your income for each year. If your employer has fully paid you a property tax deduction for the property, then you can safely set an amount equal to the size of the property deduction (either 1,000,000 or 2,000,000). The column “Amount transferred from the previous year” is also filled out based on the data from the previous year’s declaration (sheet “L”, clause 2.10). It is formed if your income in the previous period was less than the expenses incurred. The column “Deduction from a tax agent in the reporting year” is filled in by persons who receive a property deduction while working for an employer. In it you enter data from the certificate form 2-NDFL, clause 4.1, code 311, summing up all months (for those who have the total amount of property tax deductions provided in clause 4.6 of the certificate 2-NDFL, which also takes into account code 312, clause 4.1).

If you receive a property tax deduction at work only for interest on a loan, then take the data from clause 4.6 of the 2-NDFL certificate. To return back to the “Object Information” window, you must click the “Return to Object Information” button Declarations for 2021 and 2021. Let’s consider filling out the “Property Deductions” section for “Declaration 2021” and “Declaration 2021”. To go to the section, click the button with the image of a house. Check the “Provide property tax deduction” checkbox. The screen for entering property deductions corresponds to sheet “L” of the declaration form for 2021, 2021. We fill out the subsection “Information about the object”, we take the data from the certificate of ownership, purchase and sale agreement, and other documents for the object.

Who will not receive the right to deduction using code 311

The IRS will not approve a property deduction under code 311 if you:

• are not considered a tax resident of Russia;
• you buy living space or land for development outside the territory of the Russian Federation;
• you cannot confirm the purchase and sale of the property;
• have already used their right to 2 million rubles and received a deduction earlier;
• purchased property from a relative;
• received housing as an inheritance or gift;
• did not receive income or wages from which 13% income tax would be withheld;
• did not carry out settlement of the transaction and are not the owner of the object or the legal spouse of the buyer.

Deduction code 104 and other codes for personal income tax

In tax law there is such a thing as a deduction code. It is always associated with personal income tax. The state sets the amount of this tax. It is equal to 13%. Knowing this, every citizen of the Russian Federation can make independent calculations and get a figure that will be deducted from their salary as income tax. However, deduction codes change everything.

Taxes are what the financial viability of the state rests on. The richer the country, the higher the salaries of its citizens, and, consequently, taxes - the basis of prosperous and non-prosperous countries. If the state advocates that people pay taxes, the population would be happy to refuse them. But such is the system, its tax component is one of the pillars that supports our well-being.

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Example of calculation using deduction code 311

The employee is a tax resident of the Russian Federation, lives in Kaluga and receives a salary of 60 thousand rubles. In 2021, he purchased housing for 1.3 million rubles. The housing has been renovated:

• cost of purchased materials - 100 thousand rubles;
• the work of a team of construction workers - 200 thousand rubles.

A loan was issued for the purchase of a home. For the use of borrowed funds in 2021, the bank paid 100,000 rubles in interest. An employee will be able to claim a property deduction in the amount of 1.7 million rubles:

1. 1.6 million rubles. (1.3 million + 100 thousand + 200 thousand) - expenses for purchasing an apartment, materials and finishing.
2. 100 thousand rubles. - interest paid.

An employee will have the right to reduce the tax base if he contacts his employer or directly to the tax authority. The total amount from which the calculation will take place is 1.7 million rubles. That is, the amount of the deduction reaches 221 thousand rubles, which is 1.7 million * 13%. Of which 208 thousand rubles. deduction for the purchase of living space and 13 thousand rubles. on interest paid.

It's important to note that mortgage interest does not carry over to other properties, unlike the rest of the unused deduction on the home itself. In this example, the citizen has 39 thousand rubles left, which he can claim when purchasing other suitable property.

The employee will not be able to select the entire deduction in one year with a salary of 60 thousand rubles, then the remaining portion will be transferred to the next year. The government will not withhold tax until the full amount of the deduction has been used. If income remains the same, then the 13% tax will not be levied for 2 years and 4 months:

• 60,000 * 13% = 7,800 - monthly income tax;
• 221,000/7,800 = 28.3 months - 2 years and 4.3 months.

Then the employee’s income tax withholding will resume. But only on the condition that he does not exercise his right to the remaining 39 thousand deductions.

Instructions for filling out a declaration for personal income tax refund for an apartment

1. We provide the details. An applicant for a property deduction must write the numbers of his identification number at the top of the page, then number the sheet itself (numbering starts with two zeros, that is, if this is the fifth page, then you need to write “005”), and then indicate your last name along with initials .
2. We enter the codes. First of all, this is the object name code. In the case of a tax refund for an apartment, you need to put the number two. It is also necessary to enter the identification of the taxpayer (if the applicant for a tax discount is the owner of real estate, then the code “01” is entered). And the last cipher required is the region code. Each region of the Russian Federation has its own numerical codes. For example, for the Moscow region the code is “50”, for the Rostov region - “61”, and for the Volgograd region - “34”.
3. We note the type of ownership and paragraph of Article 220. In subparagraph 1.3, four options for forms of ownership are given for the taxpayer, from which he must choose one. For example, if an individual claiming a deduction has registered an apartment in the name of his son, who is not yet eighteen years old, then the number four is selected, and if the property entirely belongs to the taxpayer - one. Then in subparagraph 1.4 you need to indicate whether this declaration is related to the tenth paragraph of Article 220 or not.
4. We indicate the address of the apartment. First of all, the numbers that make up the postal code are entered. Then write the names of the city and street where the apartment is located. Each of these names must be written in capital Russian letters. And after that, the taxpayer just has to put down the house and apartment numbers.
5. We indicate the dates for receipt and submission of some documents. The current legislation has adopted a rule stating that until an individual completes the stage of registering ownership of a property, he will not be awarded property compensation. Therefore, in subclause 1.7 it is required to indicate the date of registration of this right. And in subclause 1.9 indicate the day, month and year when the taxpayer submitted an application for a tax discount for the apartment.
6. We display the amount of expenses. Subclause 1.12 states the amount that an individual spent to purchase an apartment. However, the indicated value of this real estate property should not exceed the maximum possible amount from which a deduction can be calculated (this is two million rubles). That is, if an apartment costs nine million, then you only need to write two million in this paragraph.
7. We calculate the tax base. In paragraph 2.7, an individual must indicate the figure that he will get when subtracting the provided property discount from the total amount of income he received during the tax period. Then in paragraph 2.8 you need to note the amount of expenses, prescribed based on the cost of the apartment fixed in the purchase and sale agreement.
8. We write down the amount of the remaining deduction. Since an individual, by law, cannot withdraw from the state budget in a year more than the personal income tax he contributed during the same period, the issuance of property compensation is extended over several years. Thus, if the maximum amount of the tax discount is declared in the declaration, and the annual amount of the deduction is 600,000 rubles, then the balance will be equal to 1,400,000 rubles.

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Sheet D1 is devoted to calculation data regarding property deductions that are provided in the case of the purchase of real estate, including an apartment. Otherwise, if the taxpayer sold the property, he is required to fill out sheet D2 instead of sheet D1.

What documents to provide

To qualify for a deduction, provide supporting documents or scanned copies of:

• passport if you personally contact the tax authority;
• a certificate confirming ownership, if the property was registered before July 1, 2015, if later, then an extract from the Unified State Register of Real Estate;
• contract for the purchase of an object;
• the act of transferring an object into ownership;
• payment documents - receipts, bank statements, checks;
• if a mortgage has been issued, then a loan agreement and a certificate from the bank about the interest paid;
• 2-NDFL, if you submit a return for deduction yourself;
• documents that confirm the payment for the object or construction costs.

In the example above, the employee receives the simultaneous right to two deductions under codes 311 and 312. This information will be reflected in 2-NDFL when filing a return through an employer or 3-NDFL when independently submitting a report to the tax authority.

In the second case, the tax office reviews the documents and conducts a desk audit up to 3 months from the date of filing the declaration. It then refunds the previously withheld tax to the taxpayer's bank account specified on the application. If the required deduction and accumulated interest are not exhausted in one year, then next year you will need to submit 3-NDFL again. The procedure is repeated until the state compensates the entire amount.

about the author

Klavdiya Treskova - higher education with qualification “Economist”, with specializations “Economics and Management” and “Computer Technologies” at PSU. She worked in a bank in positions from operator to acting. Head of the Department for servicing private and corporate clients. Every year she successfully passed certifications, education and training in banking services. Total work experience in the bank is more than 15 years. [email protected]

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Code 312 in 3 personal income tax

Additional Information! For example, if a citizen paid for his child’s education in February 2021, then he can submit the declaration only in 2021. Even if he submits it in January, he will receive a refund in April - May 2021. He will be able to receive the deduction from the tax agent starting from April-May 2021.

Tax deductions of the property type are coded only by two numerical combinations - these are 311 and 312. The first code is indicated on the declaration form if an individual spent money either on the acquisition or construction of a real estate property.

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Author of the article: Klavdiya Treskova

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Social tax deduction codes in certificate 2-NDFL: 320-328