On August 31, the State Council issued the "Notice on Increasing the Special Additional Deduction Standards for Personal Income Tax".
The notice clarifies that the special additional deduction standard for the care of infants under 3 years old will be increased from 1,000 yuan per month to 2,000 yuan per infant.
The special additional deduction standard for children's education will be increased from 1,000 yuan per child per month to 2,000 yuan.
The special additional deduction standard for supporting elderly people over 60 years old (inclusive) will be increased from 2,000 yuan per month to 3,000 yuan. Among them, the only child is deducted according to the standard fixed amount of 3,000 yuan per month; the non-only child and siblings share the monthly deduction limit of 3,000 yuan, and the amount shared by each person cannot exceed 1,500 yuan per month.
Other matters involved in the special additional deductions for the care of infants and young children under 3 years old, children's education, and supporting the elderly shall be implemented in accordance with the relevant provisions of the "Interim Measures for Special Additional Deductions for Individual Income Tax".
The above-mentioned adjusted deduction standards will be implemented from January 1, 2023.
The above analysis:
Let’s first look at the changes in the following exclusive deductions:
Let’s talk about supporting the elderly first:
-
If you are an only child,
the exclusive deduction amount in September is: 3000 9 - 2000 8 = 11000, and will return to 3000 per month after October. -
If you are not an only child, but have two brothers and sisters:
The exclusive deduction amount in September is: 1500 9 - 1000 8 = 5500, and will return to 1500 per month after October
Let’s talk about raising a baby:
- If
the exclusive deduction for a child in your family in September is: 2000 9 - 1000 8 = 10,000, it will return to 2,000 per month after October - If you have 2 children at home:
The exclusive deduction amount in September is: 4000 9 - 2000 8 = 20000, and it will return to 4000 per month after October
Let’s take another practical example to see how much money you can save
-
Let’s assume that you are not an only child (you have older brothers, sisters, younger brothers), you have only one child in your family, and the cumulative tax rate on your salary has reached 35%, then in September’s salary withdrawal, your The salary can be more:
((5500-1000) + (10000 -1000)) * 35% = 4725 yuan -
Let’s consider an extreme situation where you are an only child and have two children at home (of course there may be more children, which will save more), and your tax rate reaches an astonishing 45%. Then your salary withdrawal in September will be more:
((11000 - 2000) + (20000 - 2000)) * 35% = 12150 (wocao, the salary received in September is 1w2 more than that in August)