The Russians explained how to legally reduce the tax on income on deposits

Russians can legally reduce the tax on interest on bank deposits, taking into account the tax-free minimum and correctly distribute savings among family members. At the same time, opening several deposits in different banks per person will not help reduce tax payments.

According to the expert, not the entire amount of savings and not even the entire interest income received are taxed. For the calculation, a tax-free minimum is provided, which depends on the key rate of the Bank of Russia.

It is determined by the formula: one million rubles is multiplied by the maximum value of the key rate of the Central Bank, which was in effect on the first day of each month of the calendar year. In 2025, the maximum figure was 21%, so the tax-free interest income for this period is 210 thousand rubles.

Thus, if the total income of a person on bank deposits for 2025 did not exceed 210 thousand rubles, the tax on these percent will not be required to pay. If the threshold is exceeded, the tax is calculated from the difference.

One legitimate way to reduce the tax burden, Khaminsky said, is to distribute deposits among relatives. For example, if savings are placed in the accounts of both spouses, the interest income of each spouse is accounted for separately. Accordingly, the non-taxable minimum applies to each taxpayer.

The term of the deposit and the order of payment of interest are also important. For long-term deposits of more than 15 months with interest payment, a special settlement mechanism is provided at the end of the contract. The unused portion of the non-taxable minimum for years of interest accrual, subject to specified conditions, may reduce taxable income in subsequent periods.

In addition, the tax is not levied on interest on ruble accounts, if the rate on them during the entire tax period did not exceed 1% per annum. Exempt from taxation and interest on escrow accounts.

At the same time, the lawyer warned that it is pointless to distribute money among several banks in order to reduce the tax. The tax base is calculated on the total interest income of one person, regardless of the number of opened deposits.