Want to get clarity on how Furusato nozei works and conditions that I need to be aware of.
So, I’ve seen in this website that gives you an estimate of how much one can spend based on the factors like annual salary, dependants, social insurance etc.
https://www.furusato-tax.jp/about/simulation
In my understanding, I can spend this estimated amount for furusato nozei in the current calendar year ( Jan-Dec 2024) and can claim it back during the IT returns on the next calendar year ( March 2025).
Considering this, I need clarity on the following:
The estimation seems to depend on the 住民税 as well. In my case, I joined a company last April after graduation and looks like we pay 住民税 after an year since we started a job. So, I received a mail stating that ill be paying 住民税 from this year July. So, my question is even in this case, can I assume that if I enter my annual salary, insurace details etc, then I can spend the estimated amount shown in the above link?
During the estimation, should I also account for the bonus and other incomes that I may receive or just the base salary of this year? My understanding is any taxable income is considered including bonus. Just dont want to over estimate the amount I can actually spend.
Appreciate if you can provide some tips/recommendations on how to make best use of the ふるさと納税 system! Thanks!
by AttentionSignal6371