1, withholding tax. The premise of tax refund is that we have withheld the prepaid tax. This is a prerequisite and a necessary condition.
We want a tax refund. We need to withhold and pay the tax in advance. Even if all other conditions are met, there is no tax withholding in advance and no tax refund.
After all, our tax refund is our own money! Only if you pay more, will you form a tax refund! If you haven't paid taxes, you can't refund them!
2. When withholding in advance, there is no special additional deduction for housing loan interest. Of course, the statement of housing tax rebate here is not formal. More formally, housing loans are eligible and can enjoy special additional deduction of housing loan interest. Moreover, the special additional deduction of housing loan interest has no pre-tax deduction when withholding and remitting.
In this case, we can deduct the expenses that were not deducted when withholding in the tax year, thus forming a tax refund.
For example: 202 1 Tribe Tiger chose to deduct the special additional deduction of housing loan when making its own declaration. The taxable income before special deduction of housing loan interest in 202 1 year is 32,000 yuan, and the prepaid tax = 32,000 * 3% = 960 yuan.
When personal income tax is settled:
Taxable income = 32,000-1000 *12 = 20,000 yuan.
Taxable amount =20000*3%=600 yuan.
Refundable =960-600=360 yuan.
Interest on the first home loan: deduct the enjoyment conditions according to the standard of 6,543,800 yuan+0.2 million yuan per year:
Taxpayers or their spouses use individual housing loans from commercial banks or housing accumulation funds alone or * * * as loan interest expenses for themselves or their spouses to purchase the first home in China.
Deduction standard:
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.