The maximum deduction period of housing loan interest in the special additional deduction of personal income tax shall not exceed 240 months.
According to Article 14 of the Interim Measures for Special Additional Deduction of Individual Income Tax, taxpayers or their spouses purchase houses for themselves or their spouses in China alone or together with individual housing loans from commercial banks or housing accumulation funds, and the first housing loan interest expense occurs;
In the year when the loan interest actually occurs, it shall be deducted according to the standard amount of 1000 yuan per month, and the maximum deduction period shall not exceed 240 months. Taxpayers can only enjoy a first home loan interest deduction.
Extended data:
Interim Measures for Special Additional Deduction of Individual Income Tax Article 25 When a taxpayer enjoys special additional deduction for the first time, it shall submit the relevant information of special additional deduction to the withholding agent or the tax authorities, and the withholding agent shall submit the relevant information to the tax authorities in time, and the taxpayer shall be responsible for the authenticity, accuracy and completeness of the submitted information. Where the special additional deduction information changes, the taxpayer shall provide relevant information to the withholding agent or tax authorities in a timely manner.
The relevant information of special additional deduction mentioned in the preceding paragraph includes the taxpayer's personal identity information such as himself, spouse, children and dependents, and other relevant information of special additional deduction stipulated by the competent tax authorities of the State Council.
How to deduct the special additional loan for housing?
The special additional deduction for housing loans is based on the monthly quota 1000, and the longest deduction period shall not exceed 240 months. However, it should be noted that if the monthly tax payment of the user does not reach 1000, the deduction will be made according to the tax payment. For example, the salary of the user after deducting five insurances and one gold is 5500(5000 is the tax threshold), then the tax payment is 500, the tax rate is 3%, and the monthly mortgage tax rebate is 500*3%= 15. If the monthly tax payment exceeds 1000, it will be deducted according to the fixed amount of 1000.
How much can be deducted from the special deduction of housing loans?
First of all, answer directly.
The special deduction for housing loans can be deducted from 1000 for individual tax, 1000 for each month and 12000 for one year. Husband and wife can decide who will deduct 100% in one lump sum in each tax year, or both husband and wife will deduct 50% at the same time. Generally, the party with a high salary will be deducted in full, and both sides can deduct 50% if their wages just meet the tax standard.
Second, analyze the details
Tax mortgage deduction, both husband and wife can, whether buying a house before marriage or repaying a loan after marriage can be deducted. However, it is necessary to determine whether the conditions for tax mortgage deduction are met and the proportion of tax mortgage deduction is determined. There are two proportions, one is 100% and the other is 50%. That is, one spouse will deduct 100% separately, and the other spouse will not deduct it. Or the husband and wife share it equally, and both parties deduct 50%. But regardless of the proportion, the monthly quota standard is only 1 1,000 yuan, and the longest period is no more than 240 months. The deduction process is to declare first and then deduct. For the first time, you should choose the interest expense of individual housing loan in the tax client, fill in the relevant contents of housing loan, then choose the deduction ratio, and submit it after reporting. Tax deduction is declared every year. Even if the information has not changed, log in to the tax client to confirm the information.
Third, the special additional deduction of housing loans must be the first suite?
The special additional deduction of housing loan must be the first suite, and taxpayers only enjoy the loan interest deduction of the first suite housing loan once.
The first housing loan refers to the housing loan that enjoys the annual interest rate of the first housing loan when buying a house. Therefore, the first-home housing loan often mentioned in the special additional deduction method of housing loan interest refers to the housing loan that enjoys the annual interest rate of the first-home housing loan when buying a house. At the same time, the method also requires taxpayers to enjoy the interest deduction of the first home loan only once, which can be grasped according to the taxpayer's purchase of the first home with the loan in the operation process, that is, the interest expense of the taxpayer's first home purchase with the loan can be deducted.
How much tax can be deducted from the mortgage for one month?
The mortgage tax deduction standard shall be deducted by the buyer according to 100% of the deduction standard, or by both husband and wife according to 50% of their own house deduction standard. To put it simply, the mortgage tax of 202 1 is deducted according to the standard quota of 1000 yuan per month, and the longest deduction period does not exceed 240 months.
However, it should be reminded that taxpayers can only enjoy the first home loan interest deduction once. How much tax can be saved by the mortgage interest deduction policy has a lot to do with our housing loan quota and salary. Every change will affect the change of tax revenue. We need to calculate how much tax everyone can pay less.
In this way, the tax base becomes smaller, and the tax paid is correspondingly less. For residents who participate in the payment of housing provident fund, housing provident fund will provide low-interest loans when buying a house with loans. Housing provident fund loans have the nature of policy subsidies, and the loan interest rate is very low, not only lower than that of commercial banks in the same period. Moreover, it is lower than the deposit interest rate of commercial banks in the same period, which means that there is a spread between the mortgage interest rate of housing provident fund and the deposit interest rate of banks. Housing provident fund loans in the mortgage and insurance and other related procedures when the charges are halved.
How to reduce the personal income tax on mortgage: When calculating the personal tax amount, first deduct the interest part of mortgage from the income. The deduction of mortgage interest in individual tax means that when personal income tax is levied, the interest generated by mortgage is deducted as a pre-tax deduction, and the deducted income is subject to personal income tax.
For example, the income of old Betty Wong is 10000 yuan, after deducting 18.5% (social security 10.5%, provident fund 8%), the subtotal is 1850 yuan, and Lao Wang's tax base is 8 150 yuan. Under the new tax plan, because Lao Wang has a mortgage of 6.5438+0 million yuan, he needs to pay back the mortgage of 5,000 yuan every month, of which the interest is 2,500 yuan (estimated), and Lao Wang's tax base becomes 5,650 yuan (8150-2,500 yuan), so Lao Wang needs to pay taxes under the current tax plan1/kloc-.
How much tax can be deducted from the mortgage of 3500: The mortgage interest tax deduction is actually the same as five insurances and one gold, and it is deducted in advance when calculating the individual tax. In the future, the calculation method of individual tax will be one more than the current calculation method, MINUS the special deduction fee. The calculation method of individual tax will become: tax payable = salary-five insurances and one gold-special deductions such as mortgage interest, tax payable = taxable income * *-quick deduction. Suppose Xiao Li, who works in Hangzhou, has a housing loan of 6,543,800 yuan and a monthly salary of 6,543,800 yuan. If the tax threshold of * is 5000 yuan/month, and the mortgage interest is not calculated to deduct the tax, then the tax payable of Xiao Li is 1 10,000 yuan-1 10,000 yuan *22.5% (five insurances and one gold) = 7750 yuan, and the tax payable is (7750 yuan -5000 yuan) * 3% = 80.