Insurance Premium Deduction Form (for Year-End Adjustment)
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Year-End Tax Adjustment Documents: Maximizing Deductions on the Insurance Premium Deduction Declaration Form (Reiwa 8 Edition)
You can calculate which of your multiple insurance policies to include to maximize your tax deduction.
This prevents you from unnecessarily adding more information when you’ve already reached the maximum deduction limit.
You can exclude an entry from the calculation by switching it to “Pending” without deleting the entered value.
Conversely, when switching an entry from “Pending” to “New” or “Old,”
please select the correct category as listed on the certificate to avoid mistakes. Numbers are formatted and output according to the tax return form.
This prevents you from unnecessarily adding more information when you’ve already reached the maximum deduction limit.
You can exclude an entry from the calculation by switching it to “Pending” without deleting the entered value.
Conversely, when switching an entry from “Pending” to “New” or “Old,”
please select the correct category as listed on the certificate to avoid mistakes. Numbers are formatted and output according to the tax return form.
Until last year, prioritizing the “old” method allowed you to maximize benefits (life insurance, individual pensions), but
starting this year, the presence or absence of dependents has been added as a factor (life insurance).
I have not double-checked the calculations. Since I cannot guarantee the accuracy of the output values, please use them for reference only.
starting this year, the presence or absence of dependents has been added as a factor (life insurance).
I have not double-checked the calculations. Since I cannot guarantee the accuracy of the output values, please use them for reference only.
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