First, the conditions for supporting grandparents
The first condition for supporting grandparents to enjoy tax relief is that the dependents must be the immediate family members of taxpayers, that is, grandparents.
The dependents need to reach a certain age, generally over 60 years old.
The supporter needs to bear the economic expenses of the dependents, including but not limited to living expenses and medical expenses.
Second, the application process of tax relief
Taxpayers who meet the above conditions may apply to the tax authorities for a special additional deduction for the expenses of supporting the elderly when the annual personal income tax is settled.
When applying, you need to provide relevant supporting materials, such as the identity certificate, age certificate and related expenses paid by the dependents.
After the examination and approval by the tax authorities, corresponding tax relief shall be given according to the policy.
Third, matters needing attention
The specific conditions and amount of tax reduction and exemption policies may vary according to different regions and policies, and taxpayers need to pay attention to the relevant notices and regulations issued by local tax authorities.
When applying for tax reduction or exemption, you should ensure that the supporting materials provided are true and complete, so as to avoid application failure or other adverse consequences due to incomplete or untrue materials.
At the same time, taxpayers should also understand and abide by relevant tax laws and regulations to ensure that their tax payment behavior is legal and compliant.
To sum up:
Supporting grandparents can enjoy personal income tax relief policy under certain conditions. Taxpayers need to pay attention to the relevant notices and regulations issued by local tax authorities, understand the specific application conditions and procedures, and prepare relevant supporting materials for application. While enjoying tax relief, we should also abide by tax laws and regulations to ensure that our tax payment behavior is legal and compliant.
Legal basis:
Individual Income Tax Law of the People's Republic of China
Article 6 provides that:
Calculation of taxable income:
(1) For the comprehensive income of individual residents, the taxable income shall be the income after deducting expenses of 60,000 yuan, special additional deductions and other deductions determined according to law.
Special additional deductions include children's education, continuing education, medical treatment for serious illness, housing loan interest or housing rent, support for the elderly and other expenses. The specific scope, standards and implementation steps are determined by the State Council and reported to the NPC Standing Committee for the record.
individual income tax law of the people's republic of china rules for its implementation
Article 22 provides that:
The special additional deductions stipulated in Item 1, Paragraph 1, Article 6 of the Individual Income Tax Law include children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent, supporting the elderly and other expenses. The specific scope, standards and implementation steps shall be implemented in accordance with the provisions of the State Council.
Please note that the specific tax laws and regulations may vary from time to time and from region to region. Therefore, in practice, taxpayers are advised to consult the local tax authorities or professional tax consultants directly to ensure the accuracy of information and guidance.