According to the information of the Chinese government website, in the year when the loan interest actually occurs, it is deducted according to the standard of 1 000 yuan per month, and the maximum deduction period is no more than 240 months. Taxpayers can only enjoy a first home loan interest deduction. This means that if you have a housing loan, you can deduct the tax of 1 000 yuan at most every month, and you can deduct 240,000 yuan at most.