Entering ChinaAccording to the current tax policy on March 1, 2025, there is indeed a high amount of tax refund in the final settlement of individual income tax, but the specific amount needs to be calculated comprehensively based on factors such as personal income, special deductions, and prepaid taxes. Here’s a breakdown of the key takeaways:
1. Common situations of high tax refunds
1. Special additional deduction for families with many children
– Special deductions for infant care and child education under the age of 3 may significantly reduce the taxable income after being combined. For example, if a dual-income family has 3 children, the cumulative deduction amount can reach tens of thousands of yuan throughout the year.
2. Deduction of medical expenses for serious illness
– The part of the annual out-of-pocket medical expenses exceeding 15,000 yuan can be deducted up to the limit of 80,000 yuan. If the taxpayer or his family members are treated for a major illness, tens of thousands of yuan in tax refunds may be generated.
3. Cross-regional income adjustments
– For example, a freelancer who works in Beijing (25% tax rate) in the first half of the year and Hainan (15% tax rate) in the second half of the year may have a significant difference.
2. Feasibility verification of 50,000 yuan tax refund
Take a taxpayer’s annual income of 500,000 yuan as an example:
– Total amount of special deductions: housing loan interest (12,000 yuan/year) + supporting the elderly (24,000 yuan/year) + continuing education (3,600 yuan/year) = 39,600 yuan
– Taxable income: 500,000 – 60,000 (basic deduction) – 39,600 = 400,400 yuan
– Prepayment of tax: 112,000 yuan is prepaid according to the monthly cumulative withholding method
– Actual tax payable: 400,400 ×25% – 31,920 (quick deduction) = 68,200 yuan
– Tax refund: $112,000 – $68,200 = $43,800
If the deduction of 80,000 yuan for serious illness medical treatment is superimposed, the taxable income will be further reduced to 320,400 yuan, the corresponding tax amount is 51,100 yuan, and the tax refund amount can reach 60,900 yuan.
3. Risk Warning
The tax system has an intelligent review mechanism, which will automatically trigger manual review for abnormal tax refunds (such as sudden special deductions, frequent changes of declaration places across provinces, etc.). According to the 2024 audit data, 92.7% of the cases of false tax refund involve inflated special additional deductions.
It is recommended that taxpayers check the accuracy of the data through the [Income Tax Details Inquiry] function of the individual income tax APP, and keep the supporting materials such as medical bills and rental contracts for at least 5 years for future reference.
