Tax deductions for individuals in 2021
In 2021, an individual has the right to apply the following types of tax deductions:
1) tax deduction in the form of OPV;
2) tax deduction for contributions to compulsory health insurance;
3) tax deduction for pension payments and endowment insurance contracts;
4) standard tax deductions, which include:
- one minimum wage for each calendar month;
- 882 times the size of the monthly calculation index for the calendar year for persons specified in paragraphs 2 and 3 of paragraph 1 of Art. 346 of the Tax Code;
5) other tax deductions, which include:
- tax deduction for voluntary pension contributions;
- tax deduction for medicine;
- tax deduction for remuneration.
The application of tax deductions for large families and for education has been suspended until 2025, so in 2021 such deductions are not applied.
The 2021 benefit tax deduction also applies only to residential mortgage loans obtained from residential construction savings banks.