Residents of the Krasnoyarsk Territory were reminded about the tax deduction for long-term savings

Taxpayers were reminded of the opportunity to return part of the funds contributed under long-term savings agreements.

The benefit is available to those who accumulate savings in non-state pension funds, as well as in individual investment accounts opened from January 1, 2024, the Saratov 24 TV channel reports with reference to the Federal Tax Service.

The deduction applies to money that a citizen contributed during the year. The agreement can be concluded in your favor or in favor of family members and close relatives. From 2025, a new condition applies: at least 10 years must pass from the conclusion of the contract to the application for payments. For 2024, the transition period is 5 years.

During the term of the agreement, the taxpayer may have no more than two other similar agreements. An exception is the closure of one of them with the transfer of funds to another fund.

You can receive a deduction in two ways: through the tax office at the end of the year or through the employer before its end. To do this, you will need a 3-NDFL declaration and a certificate of contributions issued by a non-state pension fund. If the fund itself submitted information to the tax office, a simplified procedure applies.

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