Must own a house, and the taxpayer or his spouse alone or jointly uses commercial loans or provident fund loans to buy a house for himself or his spouse in China. And the house purchased by loan must be the first house.

The loan is still to be paid, and the mortgage is still in the year when the loan interest actually occurs. The deduction period is limited, and the longest deduction period for personal income tax mortgage deduction is no more than 240 months, that is, 20 years.

Moreover, if you want to use mortgage to deduct personal income tax, it should be noted that mortgage interest expenses cannot be deducted at the same time as rent. In other words, if you want to use the mortgage to deduct a tax, you can't deduct a tax at the same time as the rent. You can only choose one of them.

1. Can the personal tax mortgage for both husband and wife be deducted?

Tax mortgage deduction, both husband and wife can, whether buying a house before marriage or repaying a loan after marriage can be deducted. However, two points need to be determined. One is whether it meets the conditions of tax mortgage deduction, and the other is to determine the proportion of tax mortgage deduction.

Two, tax mortgage deduction conditions:

Divided into requirements for taxpayers and requirements for housing.

Among them, the requirement for taxpayers is a monthly salary of 5,000 or an annual income of 60,000. Otherwise, if taxpayers don't need to pay taxes at all, tax deduction is definitely useless. Or if only one of the husband and wife meets the income standard, it can only be declared by this party.

The requirement for the house is that the suite is repaying the loan and enjoys the interest rate of the first home loan. For example, if you buy a second suite with a loan, and both suites are repaying the loan, you can only declare the first suite, otherwise the information of the second suite will not work.

3. Tax mortgage deduction ratio:

There are two proportions, one is 100% and the other is 50%. That is, 100% is deducted by one spouse alone, and the other spouse is not deducted; 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.

4. What is the deduction standard for individual tax mortgage?

Personal income tax deduction of housing loan interest: taxpayers or their spouses use personal housing loans or housing accumulation funds of commercial banks alone or jointly to buy houses for themselves or their spouses in China. In the year when the loan interest actually occurs, it will be deducted according to the standard amount of RMB 1 ,000 per month (per year 1, 200 yuan), and the longest deduction period shall not exceed 240 years. Taxpayers can only enjoy a set of first home loan interest deduction. The so-called first home loan refers to the housing loan that enjoys the interest rate of the first home loan when buying a house.