The special additional deduction in 2024 is an important part of my country's tax policy. It aims to reduce the tax burden on taxpayers, especially those with specific expenditure items. Through diagrams, we can more intuitively understand the core content and operational procedures of this policy.
The diagram first shows the basic framework of special additional deductions, including six major items: children’s education, continuing education, serious illness medical treatment, housing loan interest, housing rent and supporting the elderly. Each deduction has its specific scope of application and deduction standards, and taxpayers can choose the applicable deduction items based on their actual circumstances.
Taking children’s education as an example, the illustration details the conditions and standards for deductions. Taxpayers need to meet certain age and education requirements for their children to enjoy this deduction. At the same time, the amount of deduction also varies according to the number of children and the stage of education.
In terms of continuing education, the illustration illustrates that the scope of deductions includes continuing education for academic qualifications and continuing education for professional qualifications of skilled personnel. Taxpayers can make deductions according to the prescribed standards based on the type of continuing education they receive.
Critical illness medical deduction is aimed at taxpayers’ medical expenses within a certain period of time. The graphic outlines the thresholds and limits for deductions to help taxpayers understand which expenses can be included in the deduction scope.
Housing loan interest and housing rent deductions are for taxpayers’ housing expenses. The diagram shows the deduction standards for different cities and housing types to help taxpayers choose applicable deduction items based on their actual circumstances.
Finally, the elderly support deduction is for taxpayers’ expenses to support their parents who are over 60 years old. The illustration details the conditions and standards for deductions to ensure that taxpayers can accurately enjoy this policy benefit.
In summary: The 2024 Special Additional Deduction Illustration provides taxpayers with an intuitive and easy-to-understand policy interpretation and operation guide. Taxpayers can choose appropriate deduction items based on their actual circumstances, enjoy preferential tax policies, and reduce their tax burden.
Legal basis:
"Individual Income Tax Law of the People's Republic of China"
Article 6 stipulates:
Taxable Calculation of income:
(1) The comprehensive income of a resident individual is calculated by deducting RMB 60,000 in expenses, special deductions, special additional deductions and other deductions determined in accordance with the law from the income in each tax year. The balance is taxable income.
"Regulations on the Implementation of the Individual Income Tax Law of the People's Republic of China"
Article 25 stipulates:
Taxpayers shall hold office or be employed by When handling tax returns, the competent tax authority where the unit is located shall fill in and report relevant information on special additional deductions. The taxpayer shall also submit relevant information to the withholding agent. If the taxpayer fails to fill in the report, the withholding agent shall inform the taxpayer; if the taxpayer refuses to fill in the report, the withholding agent shall submit the relevant withholding information to the competent tax authority in accordance with regulations.