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The lawyer explained who can get a tax deduction for mortgage interest – Rossiyskaya Gazeta

Date: May 30, 2024 Time: 19:01:17

“You cannot obtain a deduction if you did not work officially and no tax deductions were made,” he emphasized. The lawyer also pointed out that the right to this deduction is granted only once in a lifetime. However, the amount of it is limited: you can return 13% of 3 million rubles, that is, 390 thousand. But if the amount of interest paid is less than 3 million rubles, the difference will be lost.

For example, you paid interest on a mortgage contract worth 2.5 million rubles, says Mehrabyan. It turns out that 325 thousand rubles will be returned to you.

To apply for a tax deduction for mortgage interest, the tax authorities will need an application, a copy of the mortgage agreement, a bank certificate on the amount of interest paid and payment documents.

The deadline for receiving a tax deduction has not been established, but in practice, from the date of submission of the application to the receipt of the tax deduction, 30 to 60 days pass, the lawyer clarified.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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