Core Viewpoint - The article provides a comprehensive guide on the personal income tax refund process for the 2024 tax year, emphasizing the importance of timely filing and understanding various deductions available to maximize refunds. Group 1: Tax Refund Process - The tax refund period for the 2024 tax year runs from March 1 to June 30, 2025, with a recommendation to book appointments via the "Personal Income Tax" app from February 21 to March 20 for early processing [4] - Individuals with an annual income exceeding 120,000 yuan and a tax payment exceeding 400 yuan must file for a tax refund, highlighting the financial implications of missing this deadline [4][5] - The submission process involves verifying income and deductions, selecting the appropriate tax calculation method for year-end bonuses, and binding a refund account for faster processing [7][8][9] Group 2: Tax Deductions - Seven key tax deductions are outlined, including mortgage interest, housing rent, elder support, childcare for children under three, education expenses, continuing education, and medical expenses exceeding 15,000 yuan [10][11][12][13][14][15][16] - Specific details on mortgage interest deductions indicate that only the first home qualifies, allowing a maximum deduction of 1,000 yuan per month for up to 20 years [18] - Couples are advised on how to optimize deductions based on their tax rates, with strategies for shared deductions and the importance of accurate reporting to avoid penalties [19][20][25] Group 3: Tax Calculation and Timing - The formula for calculating personal income tax is provided, emphasizing that the taxable amount varies significantly among individuals based on their income and applicable deductions [28] - After submitting the tax refund application, individuals can expect to receive their refunds within 1 to 2 months, with a reminder that any tax payments must be completed by June 30 to avoid credit issues [30]