What is the latest policy on special deductions for personal income tax in 2023? Information confirmation on special additional deductions for personal income tax

[Abstract] As 2023 is coming to an end, the personal income tax filing season is coming. PHP editor Yuzai reminds everyone: the special deduction policy involved in personal tax declaration has been updated! In order to help you understand the latest tax information in a timely manner, fill out the declaration form correctly, and avoid missing out on tax reduction and refund opportunities, please continue reading the following details.

The confirmation of special additional deduction information for personal income tax in 2024 has officially begun on December 1. According to the existing tax laws, special additional deduction items for personal income tax include seven items including children’s education, continuing education, serious illness medical treatment, housing loan interest, housing rent, and child care for the elderly under 3 years old.

Taxpayers need to confirm the special additional deductions they will enjoy between December 1 and 31 in 2024. On the confirmation channel, taxpayers can operate through the "Personal Income Tax" APP. Currently, the Personal Income Tax APP has displayed relevant information on the homepage of "Confirmation of Special Additional Deduction Information for Personal Income Tax in 2024". Taxpayers can just follow the steps.

In addition, regarding other confirmation channels, the reporter of "China Business News" consulted the 12366 tax service platform of the State Administration of Taxation. According to the staff of the platform, in addition to the personal income tax APP, the website of the Natural Person Electronic Taxation Bureau has also opened the function of "confirming special additional deductions for the next year", through which taxpayers can use this function to apply for special additional deductions in 2023. Information can be brought to 2024 with one click.

However, it should be noted that compared with last year, the three special additional deduction standards for one old person and one small child have been increased this year, and taxpayers need to check the relevant information when confirming.

On the homepage of the Personal Income Tax APP, there are now notices on the increase in three special additional deduction standards. The notice pointed out that on August 31, the State Council issued the "Notice on Increasing the Special Additional Deduction Standards Related to Personal Income Tax" (Guofa [2023] No. 13), which increased the three special items of supporting the elderly, children's education, and infant care under 3 years old. Standards for additional deductions.

Among them, the special additional deduction standard for supporting the elderly has been increased from 2,000 yuan per month to 3,000 yuan per month, and the special additional deduction standard for children’s education and infant care under 3 years old has been increased from 1,000 yuan per child per month to 2,000 yuan per month. Yuan, taxpayers can enjoy it starting from the September filing period.

According to the system prompts, the current personal income tax APP has been adjusted according to the new standards. Taxpayers can enjoy deductions according to the new standards without any operation. If you made an error before, you can also click "Fill in" to re-enter the special additional deduction information truthfully.

According to the staff of the above platform, if taxpayers have not updated their personal information, they can also choose to fill in the report quickly. The specific operation method is to click the "one-click import" button of this function. After confirmation, the qualified special additional deduction information for 2023 can be brought into 2024 for continued use.

At present, both the Personal Income Tax APP and the Natural Person Electronic Taxation Bureau webpage have opened this function. Click the "Confirm" button below to enter. At the same time, click the "Go to Query" button below to view the special additional deduction information reported by taxpayers in 2024 and previous years.

According to the "Operation Measures for Special Additional Deductions for Individual Income Tax (Trial)" issued by the State Administration of Taxation, taxpayers who need to continue to apply for special additional deductions by the withholding agent in the following year shall enjoy special additional deductions in December of each year for the following year. Confirm the deduction content and submit it to the withholding agent.

Specific to this year, taxpayers need to confirm the information on special additional deduction items in 2024 in December 2023, so as to ensure the timely deduction of these items in the next year.

According to the provisions of the tax law, the withholding agent mainly refers to the units and individuals that have the obligation to withhold the tax payable by the taxpayer according to the tax law. In layman's terms, it is the enterprise where the taxpayer works. During the confirmation process of special additional deductions for personal income tax, withholding agents also need to download and update the information submitted by taxpayers in a timely manner, so as to ensure that employees can enjoy the special additional deduction policy dividends in a timely manner.

Tax officials remind that withholding agents should promptly update the information submitted by taxpayers to avoid adding or modifying special additional deduction information for personal income tax during the annual settlement.

Based on past situations, if a taxpayer fails to confirm in time, the system will default to the deduction information reported as valid, but it will not automatically take effect in the next year. Therefore, in order to ensure that taxpayers can enjoy the preferential tax policy of special additional deductions in a timely manner, 2024 The annual special additional deduction for personal income tax needs to be confirmed by the taxpayer himself, and the deadline is December 31, 2023.

In addition, if the taxpayer’s special additional deductions for personal income tax in 2024 change, they also need to report truthfully. For items that have changed, the system will also pop up a pop-up window to remind taxpayers when confirming the information. Taking continuing education as an example, the current deduction standard for continuing education is 400 yuan per month, and the deduction period for continuing education for the same degree shall not exceed 48 months. , if the taxpayer’s deduction period exceeds the specified time, the system will automatically remind the taxpayer that it has not been passed when the information is confirmed in the next year.

According to the requirements of tax law, the information reported by taxpayers will also be retained for 5 years after the end of the statutory settlement period. Therefore, taxpayers need to truthfully report special additional deduction information for personal income tax to avoid being spotted by the tax, thereby affecting themselves. Tax Credit.

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