He Tax Administration Service (SAT) reported that payments for tuition and school transportation, When the latter is mandatory, these are concepts that natural persons can be deducted in the annual declaration.
Through a statement, he explained that The deduction is in accordance with the level taken in institutions private educational institutions with authorization or recognition of official validity of studies.
Annual limits for schools preschool are from 14 thousand 200 pesos; primary: 12 thousand 900 pesos; Secondary school: 19 thousand 900 pesos; professional Technician: 17 thousand 100 pesosand baccalaureate or equivalent: 24 thousand 500 pesos.
Said benefit apply for one’s own natural personsas well as for their spouses, concubines, relatives ascending or descending in hotlineto name a few.
How to deduct tuition payments before the SAT?
For deduct tuition and school transportation paymentshe SAT announced that the bill issued must include the tuition supplement by the educational institution, where breakdown of payment and school transportation.
In addition, the Payment must be made by check payable to the person, transfer electronically from a taxpayer’s bank account or with card credit, due or services.
All those Payments made in cash will not be tax deductiblesince no CFDI is issued to support said transaction.
In case you need specific guidance on this topic, the SAT has made available to all taxpayers different means of contact that apply throughout the country.
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Note originally published by The Sun of Puebla.