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What is the deduction ratio of personal loan interest?
Personal income tax deduction ratio of 50 means average deduction, and deduction ratio of 100 means full deduction.

1. The proportion of 50 and 100 will also be selected in the special additional deduction of housing loan interest, in which the interest expenses of the first set of housing loans incurred by both husband and wife who bought a house before marriage can be deducted by the purchaser according to 100% of the deduction standard, or by both husband and wife according to 50% of the deduction standard, specifically.

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2. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. 3. Taxpayers of personal income tax in China are those who live in China and do not live in China but get income from China, including citizens in China, foreigners who get income in China and compatriots from Hong Kong, Macao and Taiwan. Individuals who have a domicile in China or have no domicile in China for 1 year are resident taxpayers and should bear unlimited tax obligations, that is, they should pay individual income tax according to law on their income obtained in China and abroad.