Do I need to settle my rental income?

The 2023 annual individual income tax comprehensive income reconciliation is underway, does the income from individual rental housing need to be incorporated into the final settlement?

1

Does the income from renting out a house need to be consolidated into the final settlement?

A: No, you don't. According to Article 1 of the Announcement of the State Administration of Taxation on Handling the Final Settlement of Individual Income Tax for 2023 (Announcement No. 2 of 2024 of the State Administration of Taxation), the final settlement does not involve classified income such as property leasing of taxpayers, as well as income that is not included in the comprehensive income for tax calculation according to the regulations.

2

What does it mean when doing the annual reconciliation of comprehensive income, what does it mean that the last step shows that the declaration is exempt?

Answer: On the premise that the individual income tax has been prepaid in accordance with the law, if the taxpayer's annual income is less than 120,000 yuan and there is a tax payable, or the annual income exceeds 120,000 yuan but the tax payable does not exceed 400 yuan, the taxpayer can be exempted from the annual final settlement, and choose "enjoy the exemption from declaration" when the final settlement declaration is operated, and there is no need to pay tax after the declaration is submitted.

3

I have only worked for 9 months in 2023, can I still enjoy the deduction of 60,000 yuan in the annual tax settlement?

A: Yes. According to Article 6 of the Individual Income Tax Law of the People's Republic of China: (1) The comprehensive income of a resident individual shall be the taxable income after deducting expenses of 60,000 yuan from the income of each tax year, as well as special deductions, special additional deductions and other deductions determined in accordance with the law.

4

How do I appeal if I am hired or hired?

Answer: If you have any objection to a tax detail record, you can click [Appeal] in the upper right corner of the [Income Tax Details Details] interface, select the type of appeal and fill in the reason for the appeal before submitting; if you have objections to multiple declaration data, you can click [Batch Appeal] in the upper right corner of the query result interface, select the unit and data that need to be appealed, fill in the type of appeal and the reason for the appeal and submit.

5

When filling in the information about the housing loan, what does it mean to "whether they have their first set of loans before marriage and deduct 50% after marriage" and how to fill it in?

Answer: If both husband and wife have a set of eligible housing loan interest before marriage, fill in this column. If there is no such situation, it is not necessary to fill in.

If the husband and wife choose one of the houses after marriage, and the purchaser deducts 100% of the deduction standard, the purchaser needs to fill in this column and select "No". The other party shall change the relevant information and stop declaring the deduction in the same month.

If the husband and wife choose to deduct 50% of the deduction standard for each of their respective houses after marriage, both husband and wife need to fill in this column and select "Yes".

6

I am not an only child, but my parents have always been supported by me, can I enjoy the monthly deduction of 3,000 yuan alone?

A: No, you cannot. If the taxpayer is not an only child, the deduction amount of 3,000 yuan/month shall be shared among the siblings, and the amount shared by each person shall not exceed 1,500 yuan per month, and one of them shall not enjoy the full deduction alone.

7

There is a special additional deduction in 2023 that I forgot to fill in, is it too late to fill it in now?

A: Yes. Eligible individual income tax special additional deductions can be filled in or supplemented during the final settlement period. According to Article 4 of the Announcement of the State Administration of Taxation on Handling the Final Settlement of Individual Income Tax Comprehensive Income in 2023 (Announcement No. 2 of 2024 of the State Administration of Taxation), taxpayers can fill in or supplement the deductions during the final settlement period for the following pre-tax deductions incurred in 2023:

(1) Deduction of 60,000 yuan, as well as special deductions for social insurance premiums such as basic endowment insurance, basic medical insurance, unemployment insurance, and housing provident fund, which meet the requirements;

(2) Eligible additional deductions for infant and child care under the age of 3, children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent, and support for the elderly;

(3) Other deductions such as eligible enterprise annuity and occupational annuity, commercial health insurance, and personal pension;

(4) Eligible donations to public welfare and charitable causes.

8

How should I correct the information of the special additional deduction filled in?

Answer: You can open the IIT APP, click [Home] to enter the [Special Additional Deduction] page, and click the content you need to modify in the [Filling Record] to enter the modification interface. You can also click [Office & Check] - [Tax] - [Special Additional Deduction], select the year and item you want to modify in [Fill in Record], and click to modify.

9

What should I do if I forget my IIT APP password and can't log in?

Answer: When you forget your password, you can reset your password by clicking the [Retrieve Password] button on the login page.

First of all, you need to fill in your ID information, and after filling in, select [Verify by bound mobile phone number] or [Verify by your bank card].

If you use the [Verify with bound mobile phone number] method to reset the password, you need to click [Get Verification Code] after selecting this method, and enter the correct verification code to pass the verification;

If you use the [Verify with your bank card] method to reset the password, you need to fill in the correct bank card number and the mobile phone number reserved by the bank after selecting this method, and after the verification is passed, you can complete the new password setting on the new password page.

If you still can't retrieve your password through the above methods, please bring the original valid ID card to the local tax hall to reset the password, and you can use the reset password to log in to the IIT APP after the reset is successful.

10

What is the deadline for 2023 IIT settlement?

A: The 2023 annual reconciliation will be processed from March 1 to June 30, 2024. Taxpayers who have no domicile in China and leave China before March 1 can apply before departure.

11

What documents do I need to submit when completing the annual tax settlement?

Answer: Taxpayers can give priority to the final settlement through the IIT APP and website, and the tax authorities will provide taxpayers with pre-filling services for the items in the declaration form, and under normal circumstances, taxpayers do not need to provide other information. If you need to modify your relevant basic information and add deductions or tax incentives, you need to fill in the relevant information and provide supporting materials as required. Taxpayers need to check carefully to ensure that the information filled in is true, accurate and complete.

12

Where can I check the status of my tax refund after applying for a tax refund?

Answer: After submitting the tax refund application, taxpayers can check the progress of the tax refund through the individual income tax APP and the website of the electronic tax bureau for natural persons. If the declaration is made by mail or the tax service department, it can also be queried through the above channels. If the review fails or the return fails, the system will prompt the reason and solution.

Source: State Administration of Taxation, Shanghai Taxation, etc