{"id":1000,"date":"2025-01-07T00:07:32","date_gmt":"2025-01-06T22:07:32","guid":{"rendered":"https:\/\/money-wiki.com\/?p=1000"},"modified":"2025-01-07T00:07:33","modified_gmt":"2025-01-06T22:07:33","slug":"tax-deduction-for-expenses","status":"publish","type":"post","link":"https:\/\/money-wiki.com\/en\/tax-deduction-for-expenses\/","title":{"rendered":"Ukrainians can receive a tax deduction for expenses in 2024"},"content":{"rendered":"<p>From January 1, 2025, individuals have the opportunity to receive a tax deduction for expenses incurred in 2024. We will explain what the conditions are and what is required below.<\/p>\n\n\n\n<p>To receive a tax deduction, you must submit an annual tax return on your assets and income. This should be done no later than December 31, 2025.<\/p>\n\n\n\n<p><strong>Importantly! <\/strong>The right to a tax deduction does not carry over to the next year. In simple terms, this means that expenses for 2024 can be certified and a portion of the funds can be received as cashback only until the end of the current year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What expenses can you get a tax deduction for?<\/h3>\n\n\n\n<p>First of all, it should be noted that the right to receive a tax discount is approved in accordance with\u00a0<strong>Article 166 of the Tax Code of Ukraine<\/strong>, taking into account a number of costs. These include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>part of the amount of interest paid for the use of a mortgage loan;<\/li>\n\n\n\n<li>charitable contributions or donations to non-profit organizations;<\/li>\n\n\n\n<li>funds paid for tuition to public educational institutions;<\/li>\n\n\n\n<li>insurance payments under long-term insurance contracts;<\/li>\n\n\n\n<li>costs of assisted reproductive technologies;<\/li>\n\n\n\n<li>expenses for paying the cost of public services for the adoption of a child;<\/li>\n\n\n\n<li>amounts paid for vehicle conversion;<\/li>\n\n\n\n<li>rent for internally displaced persons;<\/li>\n\n\n\n<li>COVID-19 treatment costs;<\/li>\n\n\n\n<li>the amount of expenses for the purchase of shares of issuing companies that are residents of \u201cDiya City\u201d.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">How to file a declaration?<\/h3>\n\n\n\n<p>In order to receive such a discount, an individual (taxpayer) must submit a declaration to the control body with which he is registered. This can be done in several ways:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>personally or through an authorized person;<\/li>\n\n\n\n<li>by mail with a return receipt and a description of the attachment;<\/li>\n\n\n\n<li>in electronic form via electronic means of communication, in accordance with the requirements of Ukrainian legislation on electronic documents.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Who else is eligible to receive a tax deduction for expenses?<\/h3>\n\n\n\n<p>A student can apply for a tax deduction, but only if he has official earnings from which he paid taxes (or any member of his first-degree family).<\/p>\n\n\n\n<p>In addition, tuition fees for preschool, after-school institutions, general secondary education, vocational (vocational and technical) and higher education institutions are also reimbursed.<\/p>","protected":false},"excerpt":{"rendered":"<p>From January 1, 2025, individuals have the opportunity to receive a tax deduction for expenses incurred in 2024. What are the conditions and what is required - we will tell you further. To receive a tax deduction, you must submit an annual tax return on property and income. This should be done no later than December 31, 2025. Important! The right to [\u2026]<\/p>","protected":false},"author":1,"featured_media":1001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-1000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-news"],"_links":{"self":[{"href":"https:\/\/money-wiki.com\/en\/wp-json\/wp\/v2\/posts\/1000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/money-wiki.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/money-wiki.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/money-wiki.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/money-wiki.com\/en\/wp-json\/wp\/v2\/comments?post=1000"}],"version-history":[{"count":1,"href":"https:\/\/money-wiki.com\/en\/wp-json\/wp\/v2\/posts\/1000\/revisions"}],"predecessor-version":[{"id":1002,"href":"https:\/\/money-wiki.com\/en\/wp-json\/wp\/v2\/posts\/1000\/revisions\/1002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/money-wiki.com\/en\/wp-json\/wp\/v2\/media\/1001"}],"wp:attachment":[{"href":"https:\/\/money-wiki.com\/en\/wp-json\/wp\/v2\/media?parent=1000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/money-wiki.com\/en\/wp-json\/wp\/v2\/categories?post=1000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/money-wiki.com\/en\/wp-json\/wp\/v2\/tags?post=1000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}