New trends and regulations for this year’s tax returns: the tax refund threshold has been raised. Cancellation of tax refunds for singles and couples

New trends and regulations in this year’s tax filing: The threshold for tax refunds has been raised and tax refunds for singles and couples have been cancelled (Alberta Times) The country's finances are tight this year, and single 400 have been cancelled...

New trends and new regulations for filing taxes this year: The threshold for tax refunds has been raised, and tax refunds for singles and couples have been cancelled. (Alberta Times) The national finances are tight this year. The tax refund of 400 yuan for singles and 800 yuan for couples has been cancelled. The tax deduction discount for first-time home buyers and first-time car buyers has also been cancelled. The tax deduction discount had been canceled the year before last. For low-income tax filers with children, the tax bureau has never required accountants to provide relevant data that meets tax refund standards before, but now it requires accountants to provide everyone's data. If the tax bureau asks for supplementary materials and still does not approve it, it will be immediately calculated as not meeting the low-income standards, and you will not be able to get a very high tax refund. If there is any fraud, you may be fined. This year, all single individuals whose annual income exceeds 9,500 yuan and couples whose annual income exceeds 19,000 yuan are required to file a tax return. If your personal income is lower than these indicators, but you still have W2, then in order to get back the tax deducted every month, you need to file a tax return to get a tax refund; if you have cash income, collect your records and ask an accountant to help you calculate how to file a tax return; if you have 1099 income that exceeds 400 yuan per year, you still need to file a tax return. Perhaps many people may find that when filing their taxes this year, the tax refund you get is less than in previous years. This is normal. In order to make your tax return legal and avoid being fined, tax refunds that were mandatory to file in the past may not be reported this year. Regardless of your income level, it is clear that the government has raised the tax refund threshold and stepped up tax inspections, so everyone should be careful.