Interest on housing loans can be deducted from personal income tax. Generally, you can declare special additional deductions from March to June every year, one of which is the special additional deduction of housing loan interest. For taxpayers, if there is housing loan interest, they can use the expenditure of housing loan interest to deduct part of the tax, thus reducing the tax pressure of individual tax. So what is the standard for deducting housing loan interest in 2023? Let's get to know each other.

Personal income tax special additional deduction of housing loan interest standard 2023

According to the regulations, only the interest expenses of the first home loan purchased by me or my spouse in China can be deducted from the tax. In the year when the interest actually occurs, it will be deducted according to the standard quota of 1 000 yuan per month, with the longest deduction period not exceeding 240 months, and the maximum deduction amount per year is 1, 200 yuan. And each taxpayer can only enjoy the interest deduction of the first home loan once, and the house purchased afterwards cannot enjoy the interest deduction of the first home loan.

Without considering other factors, assuming that A earns 8,000 yuan a month and a suite is under loan, the tax to be paid by A is 8,000-5,000-1000 = 2,000 yuan. It means that there are still 2,000 yuan of personal income to pay personal income tax.

Housing loan interest can be deducted by either spouse at the time of deduction, and the deduction method cannot be changed within a tax year. In addition, both husband and wife can choose 1 apartment purchased after marriage for the first home loan, which is deducted by the buyer according to the deduction standard of 100% or by both husband and wife according to the deduction standard of 50%, and the specific deduction method cannot be changed within one tax year.