Two ways to get a deduction for apartment renovation

Explore workouts, and achieving AB Data
Post Reply
monira444
Posts: 492
Joined: Sat Dec 28, 2024 4:34 am

Two ways to get a deduction for apartment renovation

Post by monira444 »

If the finishing work is performed not by a company, but by a private individual, you will still need to conclude a contract with him. To correctly confirm the costs in this case, you will need to request a receipt from the master and draw up a certificate of completion of work. The certificate must indicate the full list of works and their cost. This document is signed by the customer and the contractor.

To confirm income for building materials, you need to keep receipts - only those receipts that contain a list of purchases will do. Some stores only issue receipts confirming the purchase amount and the fact of payment - this format will not work.

It is recommended to immediately make high-quality copies of checks or save them electronically, as they are printed on thin paper, and the inscriptions quickly begin to wear off. This is especially important if you are finishing a mortgaged apartment and will be able to take advantage of the benefit only after you have fully paid off the bank and entered into ownership.

You can use one of two options:

submit a request along with the declaration in the turkey mobile database following calendar year;

receive payments through your employer this year.


In the first case, you will be able to recoup the personal income tax already paid for the previous three years; in the second case, taxes will not be withheld from your salary until the deduction limit expires.

Regardless of the method chosen, you need to submit an application to the Federal Tax Service and provide all the documents. This can be done by directly contacting the Federal Tax Service office or MFC, by mail or online - on State Services or on the Federal Tax Service website. When submitting an application online, scanned copies of documents are submitted. The procedure is simplified, since there is no need to fill out a declaration.

If you are applying for payment in the following calendar year, you must do so by April 30. The application will be reviewed within three months. After that, the money will be transferred in full to the account specified in the application.

To receive a benefit from your employer, you can make a request to the Federal Tax Service at any time and an unlimited number of times. The application will be reviewed within 30 calendar days. After your request to the Federal Tax Service is approved, you must also submit an application to the accounting department. Personal income tax will no longer be deducted from your salary, and the amount of tax deducted since the beginning of the year will be returned.
Post Reply