State Council: Establish special additional deductions for personal income tax for infants and young children under the age of 3

The State Council issued a notice on the establishment of a special additional deduction for personal income tax for the care of infants and young children under the age of 3. The taxpayer's expenses related to caring for infants and children under the age of 3 shall be deducted at a fixed rate of 1,000 yuan per month for each infant and child. Parents can choose to deduct 100% of the deduction standard by one of them, or they can choose to deduct 50% of the deduction standard by both parties. The specific deduction method cannot be changed within a tax year.