Telephone number of the second taxation office of Huangpu District Taxation Bureau

Tel: 02 1- 12366, Address: No.313 Xietu Road, Huangpu District, Shanghai. The implementation of the new tax law stipulates that eligible taxpayers can make special deductions in six aspects: children's education, continuing education, serious illness medical care, housing loan, housing rent and supporting the elderly.

On the special additional deduction of housing loan interest

1, how to deduct the housing loan interest?

If taxpayers or their spouses use individual housing loans from commercial banks or housing accumulation funds alone or jointly to purchase housing for themselves or their spouses in China, the interest expenses incurred in the first housing loan shall be deducted according to the standard quota of 1 000 yuan per month in the year when the loan interest actually occurred, and the maximum deduction period shall not exceed 240 months. Taxpayers can only enjoy a first home loan interest deduction.

2. What is the standard for special additional deduction of housing loan interest?

If taxpayers or their spouses use individual housing loans from commercial banks or housing accumulation funds alone or jointly to purchase housing for themselves or their spouses in China, the interest expenses incurred in the first housing loan shall be deducted according to the standard quota of 1 000 yuan per month in the year when the loan interest actually occurred, and the maximum deduction period shall not exceed 240 months. Taxpayers can only enjoy a first home loan interest deduction.