Starting from September 1, Russian citizens will be able to claim a… (договор · гражданин · вычет)
Starting from September 1, Russian citizens will be able to claim a tax deduction on premiums paid for long-term voluntary life insurance contracts, with the benefit applying to policies signed from January 1, 2025. The deduction is based on the individual's personal income tax rate and can reach up to 88,000 rubles annually at higher tax brackets.
Consensus
- The new tax deduction for life insurance premiums will take effect from September 1, 2026.
- The deduction applies to long-term voluntary life insurance contracts signed starting January 1, 2025.
- Citizens can claim a refund based on their personal income tax rate (NDFL).
- At a 13% NDFL rate, the annual deduction is up to 52,000 rubles; at higher progressive rates, it reaches up to 88,000 rubles.
- The right to the deduction is limited to no more than three active insurance contracts simultaneously.
Points of divergence
- The Ministry of Finance previously announced this measure and also mentioned that a tax deduction for parents making contributions on behalf of their children will be increased starting September 1. — vesti
Coverage (2 sources)
- State Duma officials explain new income tax deduction — Вести
- From September 1, Russian citizens can get refunds for life insurance contracts, says State Duma committee member — ТАСС (Telegram)