deduction · tax · contribution (вычет · налоговый · взнос)

A tax deduction for long-term savings will be provided based on insurance premiums paid under voluntary life insurance contracts concluded from January 1, 2025. Additionally, starting September 1, the deduction for parents making contributions to children's funds will increase.

Consensus

A new tax deduction for long-term savings will take effect in Russia on September 1, 2026
The deduction applies to insurance premiums paid for voluntary life insurance contracts concluded since January 1, 2025

Points of divergence

Citizens can reclaim part of their NDFL based on the amount of insurance premiums and the applicable NDFL rate — vm
Parents will be able to claim a deduction for contributions up to 500,000 rubles per child — vm
Starting December 1, 2026, depositors must pay tax on interest from bank deposits for the previous year — vm
Minister of Finance Anton Siluanov advised against keeping money under a mattress and recommended investing in financial instruments — vm

Coverage (2 sources)

New tax deduction will be introduced in Russia from September 1 — Вечерняя Москва
New tax deduction will be introduced in Russia — Вести