Starting September 1, 2026, Russian taxpayers will be eligible for a… (вычет · долгосрочный · налоговый)
Starting September 1, 2026, Russian taxpayers will be eligible for a new tax deduction on long-term savings. This measure allows individuals to reclaim part of their income tax (NDFL) based on insurance premiums paid for long-term voluntary life insurance contracts concluded since January 1, 2025. Additionally, the tax deduction limit for parents contributing to their children's accounts has been increased from 400,000 to 500,000 rubles.
Consensus
- The new tax deduction will be available starting September 1, 2026
- It applies to insurance premiums paid for long-term voluntary life insurance contracts concluded since January 1, 2025
- Taxpayers can reclaim part of their NDFL based on the amount of insurance premiums paid
- The deduction is intended to promote long-term savings culture and encourage financial planning
Points of divergence
- The measure aims to foster long-term financial thinking among citizens through behavioral economics principles, encouraging responsible financial decisions. — vm
- This initiative is expected to help Russians protect their finances from impulsive spending and short-term temptations by providing tools for automatic savings preservation. — vm
- Starting in 2027, individual taxpayer numbers will become mandatory for all bank accounts, affecting newly opened deposits as well as existing ones. — vm
- The deduction also covers contributions to long-term savings programs and non-state pension insurance contracts. — vedomosti
- The deduction will apply to investments made on individual investment accounts opened since January 1, 2024. — m24
- Lawmakers previously proposed allowing newlyweds to claim a tax deduction for wedding expenses up to 400,000 rubles. — m24
- There was also discussion about maintaining current self-employed minimum conditions until 2028. — m24
- The changes to the Tax Code took effect on September 1, 2026. — vesti
Coverage (6 sources)
- New tax deduction introduced in Russia from September 1, 2026: How it will work — Вечерняя Москва
- Deputy Panesh: Life Insurance Tax Deduction to Start in September — Вечерняя Москва
- Russians will be able to receive a tax deduction for long-term savings — Ведомости
- New tax deduction will be introduced in Russia from September 1 — Москва 24
- New tax deduction will be introduced in Russia from September 1 — Вечерняя Москва
- New tax deduction will be introduced in Russia — Вести