Deduction standard of individual tax housing loan: Deduct according to the standard of 1000 yuan per month, and the longest deduction period shall not exceed 240 months. Deduction condition of individual tax housing loan: 1. Taxpayers or their spouses purchase housing for themselves or their spouses alone or by using personal housing loans or housing accumulation funds of commercial banks in China; 2. Interest expense of the first home loan; 3. The year when the loan interest actually occurs. Note: 1. The term "first home loan" as mentioned in these Measures refers to the home loan that enjoys the interest rate of the first home loan when buying a house. 2. As agreed by both husband and wife, one of them can choose to deduct, and the specific deduction method shall not be changed within one tax year. 3. For the first set of housing loans incurred when the husband and wife buy houses separately before marriage, they can choose one set of houses purchased after marriage, which will be deducted by the buyer according to the deduction standard of 100%, or the husband and wife will be deducted according to the deduction standard of 50% respectively, and the specific deduction method cannot be changed within one tax year.

legal ground

Interim Measures for Special Additional Deduction of Personal Income Tax Article 14 If a taxpayer or his spouse uses a personal housing loan from a commercial bank or housing accumulation fund alone or jointly to buy a house for himself or his spouse in China, the interest expenses incurred in the first housing loan shall be deducted according to the standard quota of 1 000 yuan per month in the year when the loan interest actually occurs, and the maximum deduction period shall not exceed 240 months. Taxpayers can only enjoy a first home loan interest deduction. The term "first home loan" as mentioned in these Measures refers to the housing loan that enjoys the interest rate of the first home loan when buying a house.