Collection! Common tax refund scenarios in the annual tax settlement

After the end of the year, residents need to summarize the income from wages and salaries, remuneration for labor services, author's remuneration and royalties obtained from January 1 to December 31, and the balance of the income after deducting expenses of 60,000 yuan and special deductions, special additional deductions and other deductions determined in accordance with the law shall be the taxable income.

The calculation formula is as follows: refundable or additional tax = [(comprehensive income - 60,000 yuan - special deductions such as "three insurances and one housing fund" - special additional deductions such as children's education - other deductions determined according to law - donation) ×applicable tax rate - quick deduction] - prepaid tax in the tax year.

Main pre-tax deductions:

01. Deduction of 60,000 yuan, as well as special deductions such as social insurance premiums such as basic endowment insurance, basic medical insurance, unemployment insurance, and housing provident fund;

02. Eligible special 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;

03. Other deductions such as eligible enterprise annuity and occupational annuity, commercial health insurance, personal pension and so on;

04. Eligible public welfare and charitable donations.

Taxpayers who obtain comprehensive income and business income at the same time may declare the deduction of expenses of 60,000 yuan, special deductions, special additional deductions and other deductions determined in accordance with the law in the comprehensive income or business income, but shall not declare the deduction repeatedly.

Common tax refund scenarios

01. The annual comprehensive income in 2023 is less than 60,000 yuan, but the individual income tax has been prepaid.

[Example]: Xiao Liu will receive a salary of 10,000 yuan in January 2023. Individuals pay 2,000 yuan per month for "three insurances and one housing fund". There are no other deductions, and the individual income tax of 90 yuan has been prepaid. From February to December, the monthly salary is 4,000 yuan, and there is no need to pay individual income tax. The annual salary income is 54,000 yuan, no other income, and the individual income tax has been prepaid 90 yuan.

Withholding Tax:

(10000-5000-2000)×3%= 90 yuan

Tax Settlement:

The annual income does not exceed 60,000 yuan, the taxable income is 0, and the taxable amount is 0 yuan.

The tax refund is 90 yuan

02. In 2023, there is a special additional deduction that meets the conditions for enjoyment, but the deduction is not declared when the tax is prepaid.

[Example]: Xiao Sun will receive a monthly salary of 15,000 yuan in 2023, pay 2,000 yuan for "three insurances and one housing fund", and enjoy a total of 4,500 yuan of special additional deductions such as housing rent and supporting the elderly every month. In 2023, Xiao Sun will have a serious illness medical expense of 35,000 yuan borne by an eligible individual, and there will be no other deductions.

Withholding Tax:

(15000×12-5000×12-2000×12-4500×12)×10%-2520=1680元

Tax Settlement:

You can declare and deduct medical expenses for serious illnesses

35,000-15,000 = 20,000 yuan

(15000×12-60000-2000×12-4500×12-20000)×3%=660元

Tax refund 1680-660=1020 yuan

[Tips]: Serious illness medical deduction standard: In a tax year, the part of the medical expenses related to the basic medical insurance incurred by the taxpayer, after deducting the medical insurance reimbursement (referring to the self-paid part within the scope of the medical insurance catalog) exceeding 15,000 yuan, shall be deducted by the taxpayer within the limit of 80,000 yuan when handling the annual final settlement.

03. Due to mid-year employment, retirement or no income in some months, the deduction of expenses of 60,000 yuan, special deductions such as "three insurances and one housing fund", special additional deductions such as children's education, enterprise (occupational) annuity, commercial health insurance, tax deferred endowment insurance, etc. are insufficient.

[Example]: A college student will graduate in June 2023 and join Company A in July, with a monthly salary of 15,000 yuan, an individual paying 2,000 yuan for "three insurances and one housing fund", and a total of 3,000 yuan per month for housing rent and special additional deductions for supporting the elderly. There are no other deductions.

Withholding Tax:

(15000×6-5000×6-2000×6-3000×6)×3%=900元

Tax Settlement:

(15000×6-60000-2000×6-3000×6)×3%=0元

Tax refund 900-0=900 yuan

04. If you do not work in an employment unit and only obtain income from labor remuneration, author's remuneration and royalties, you need to handle various pre-tax deductions through annual reconciliation.

[Example]: Xiao Zhang has no employment unit in 2023, provides one-year consulting services for Company A, and receives a monthly labor remuneration of 20,000 yuan, and Company A has withheld and prepaid personal income tax of 38,400 yuan. Xiao Zhang will pay 12,000 yuan of "three insurances and one housing fund" in 2023, and can enjoy a total of 18,000 yuan of special additional deductions for supporting the elderly, and none of the above deductions will be enjoyed in the middle of the year.

Withholding Tax:

Income from remuneration for labor services

20000×(1-20%)×20%×12=38400元

Tax Settlement:

[20000×12×(1-20%)-60000-12000-18000]×10%-2520=7680元

Tax refund 38400-7680 = 30720 yuan

05. Where a taxpayer obtains income from remuneration for labor services, author's remuneration and royalties, the withholding rate applicable in the middle of the year is higher than the annual applicable tax rate for comprehensive income of the whole year.

[Example]: Xiao Wu will receive a monthly salary of 15,000 yuan in 2023, pay 2,000 yuan for "three insurances and one housing fund", and enjoy a total of 2,500 yuan of special additional deductions such as housing loan interest and supporting the elderly every month, and there are no other deductions. In July 2023, Xiao Wu will receive 20,000 yuan in labor remuneration for teaching enterprises and pay 3,200 yuan in advance individual income tax.

Withholding Tax:

Income from wages and salaries

(15000×12-5000×12-2000×12-2500×12)×10%-2520=4080元

Income from remuneration for labor services

20000× (1-20%)×20%=3200元

Tax Settlement:

[15000×12+20000×(1-20%)-60000-2000×12-2500×12]×10%-2520=5680元

Tax refund: 4080 + 3200-5680 = 1600 yuan

06. There are eligible public welfare and charitable donation expenditures, but no deduction is made when the tax is paid in advance.

[Example]: Xiaotao will receive a monthly salary of 15,000 yuan in 2023, pay 2,000 yuan for "three insurances and one housing fund" personally, and enjoy a total of 2,500 yuan of special additional deductions such as housing loan interest and supporting the elderly every month, and there are no other deductions. In January 2023, Xiao Tao donated 5,000 yuan to a non-profit elderly service organization through the Red Cross, and the donation was not deducted when the unit withheld and prepaid that month.

Withholding Tax:

(15000×12-5000×12-2000×12-2500×12)×10%-2520=4080元

Tax Settlement:

(15000×12-60000-2000×12-2500×12-5000)×10%-2520=3580元

Tax refund 4080-3580=500 yuan

[Tips]: Individuals who donate their income to public welfare charities such as education, poverty alleviation, and poverty relief, and the part of the donation amount that does not exceed 30% of the taxable income declared by the taxpayer can be deducted from the taxable income; Where the State Council stipulates that donations to public welfare and charitable undertakings shall be deducted in full before tax, follow those provisions. In this case, the notice of the Ministry of Finance and the State Administration of Taxation on tax policy issues related to elderly service institutions (CS [2000] No. 97) stipulates that "for social forces such as enterprises, institutions, social groups and individuals, donations to welfare and non-profit elderly service institutions through non-profit social groups and government departments shall be allowed to be fully deducted before paying enterprise income tax and individual income tax." ”

07. If the tax rate of the year-end bonus is higher than the comprehensive income tax rate, and the full amount of the year-end bonus will not be increased after the comprehensive income is merged, the tax calculation method of the annual one-time bonus of the year-end bonus in the individual income tax settlement may be fully incorporated into the comprehensive income, and it may also be found that the tax payable is reduced, so as to obtain a tax refund.

[Example]: Xiao Huang will receive a monthly salary of 6,000 yuan in 2023, pay 1,200 yuan for "three insurances and one housing fund", and enjoy a total of 2,500 yuan of special additional deductions such as housing loan interest and supporting the elderly every month, with no other deductions. At the end of 2023, a year-end bonus of 50,000 yuan will be obtained, and the tax has been prepaid according to the annual one-time bonus tax calculation method of the year-end bonus.

Withholding Tax:

50,000×10%-210=4,790 yuan

Tax Settlement:

(6000×12-60000-1200×12-2500×12+50000)×3%=528元

Tax refund 4790-528=4262 yuan