According to Article 14 of the Operation Measures for Special Additional Deduction of Individual Income Tax (Trial):
If taxpayers or their spouses use individual housing loans from commercial banks or housing accumulation funds alone or jointly to purchase housing for themselves or their spouses 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 occurred, 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.
Extended data:
From 20 19 65438+ 10/month 1, taxpayers can enjoy six special additional deductions, such as children's education, continuing education, serious illness medical care, housing loan interest or housing rent, and supporting the elderly.
1. Deduction range of special additional deduction for housing loan interest:
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.
2 housing loan interest special additional deduction standard:
In the year when the loan interest actually occurs, it shall be deducted according to the standard of 1 000 yuan per month, and the longest deduction period shall not exceed 240 months. Taxpayers can only enjoy a first home loan interest deduction.
The State Council-Questions and Answers on Special Tax Deduction of Housing Loan Interest