Russia can double social tax deduction
The Deputy of the state Duma Ivan Sukharev has prepared amendments to the Tax code, according to which the social tax deduction will be increased twice. It is reported by RT.
The MP noted that established in 2007 the maximum amount of tax deduction lost its relevance and has no significant support for the trainees.
He also added that existing to date, the mechanism of social tax deduction offers the right of return of the amount of money spent is not more than 15 600 rubles. for the annual tax period.
The proposed changes will allow students to return to 31 200 RUB over the same period.
Sukharev said that the proposed changes will be motivation for higher education.