How to compensate for the cost of tuition

Expenditure on education sometimes fall on the family budget is a heavy burden, but it is important to know that there is a possibility to return the money spent on studies. However, to return the full amount will not work. But the money is refunded. To reimburse the cost of private training or the studies of their child at the age of 24 with their right to a social tax deduction.

You will need

• - tax Declaration;
• - the statement on granting of a tax deduction to study;
• - certificate of income on form 2-NDFL;
• - copy of contract of training with an educational institution;
• - certificate from educational institution that the student has actually studied the period claimed for refund;
• - copies of payment receipts.

Instruction

1. Determine if you are eligible to receive a tax deduction for study. Have such a right working citizens — payers of the tax to incomes of physical persons. A conscientious employer deducts it from your salary and remits the tax office at a rate of 13%. That is the money paid as tax be refunded.
2. The amount of the deduction is limited to the amount of 120 000 rubles. This means that you will get back 13% of the amount spent on training, but not more than 15 600 rubles (120 000*13%=15 600 rubles). If you spent less than 120 000, multiply the actual cost of education (confirmed by the payment document) by 13%, and will receive the amount of your tax deduction.
3. At the end of the year when you paid your fees, you need to provide to the tax Inspectorate at the place of registration of the tax Declaration on incomes and the documents confirming your right to the deduction. The Declaration attached:
   • statement of tax deduction to study;
   • certificate of income on form 2-NDFL;
   • a tax return;
   • copy of contract of training with an educational institution;
   • certificate of the educational institution that the student has actually studied the period claimed for refund;
   • copies of payment receipts.
   Remember that there is a Statute of limitations on all compensation for the study is 3 years. This means that you can exercise your right to return part of the money for education only within three years after the year in which you paid tuition. If it is more than time, you lose.
   
   You can bring the documents to the tax office personally or send them by mail.
4. After checking the documents of the IRS into your Bank account (which you pointed out in a statement) money will come.