Apartment purchase and mortgage interest. Property acquired by spouses during marriage is jointly owned, regardless of whose name it is registered in or who paid. Each spouse can recover 260,000 rubles for buying housing—13% of the maximum deduction base—and 390,000 rubles for mortgage interest paid, also 13% of the maximum base.
Attention!
- Russian tax residents who pay income tax at 13% are entitled to claim the deduction;
- The deduction covers actual expenses, within the prescribed limits;
- Each spouse can claim a purchase deduction for several apartments, but a mortgage deduction for only one.
- The annual deduction cannot exceed the personal income tax paid for that period. The remaining amount carries over to the following year;
- Neither deduction has a time limit.
- A deduction cannot be claimed when buying a flat from a close relative.
Allocating deductions. Spouses may agree how to divide these deductions between them. The home purchase deduction is allocated once; allocation of mortgage interest deductions may be changed every year.
Standard child tax deduction. The deduction is RUB 1,400 each for the first and second children and RUB 3,000 for the third. Your income subject to personal income tax is reduced by this amount. For children with disabilities it is increased to RUB 12,000 for parents and RUB 6,000 for guardians. The deduction ends in the month when income for the current year exceeds RUB 350,000. It can be claimed again from the following year.
How much can be refunded for treatment and education? Each spouse may receive up to RUB 15,600 annually for both combined. Exceptions:
- 13% of actual expenses for expensive treatment will be refunded;
- A child’s education—up to 6,500 rubles per year
The deduction may be claimed within three years. If it cannot be fully used in one year, the balance is not carried forward.