Personal Income Tax (PIT) and deductions
7 questions
What tax deductions can be received?
Standard: for children (1400-3000₽/month per child). Social: treatment (up to 120,000₽), education (up to 120,000₽ for yourself, 50,000₽ for children), fitness. Property: buying housing (up to 2 million₽ = 260,000₽ refund), mortgage interest (up to 3 million₽). Individual Investment Account (IIA) type A (up to 400,000₽). Professional deductions for individual entrepreneurs and self-employed persons.
How to file a 3-NDFL declaration?
•Log in to nalog.ru or Gosuslugi.
•Taxpayer’s personal account → Life situations → Submit 3-NDFL.
•Fill in the data (many are auto-filled).
•Attach documents (contracts, receipts, certificates).
•Sign with an electronic signature (created there). Deadline: until April 30 (if taxes are owed) or within 3 years (for deductions).
How to pay taxes on investments?
Russian broker: automatically deducts tax upon withdrawal/at the end of the year. Foreign stocks: broker deducts Russian tax, but US tax (10% via W-8BEN) is deducted. Crypto: declare independently, 13% on profit from sale. Dividends: 13% automatically. Losses can be carried forward and offset against profits (netting).
Personal Income Tax (PIT) and deductions: how to get a deduction through an employer?
A short, practical answer on "PIT and deductions": start with the goal in numbers and deadlines, then break down into steps and fix in the budget. Review the plan once a month.
Personal Income Tax (PIT) and deductions: how to submit a deduction via the tax personal account?
The typical scheme for "PIT and deductions" is:
•determine the current point,
•set success metrics,
•choose tools,
•set a deadline,
•automate regular actions.
Personal Income Tax (PIT) and deductions: what are the review and refund timelines?
For "PIT and deductions," it is useful to: calculate the baseline scenario and stress scenario, allocate a 10–20% buffer, and decide in advance which expenses/contributions to cut first.
Personal Income Tax (PIT) and deductions: what mistakes most often lead to refusal?
If it's about "Personal Income Tax and deductions", avoid extremes: do not overestimate expectations, leave room for life, and record progress with small checkpoints.