1. Use mortgage interest to deduct individual tax: According to the relevant tax laws, individuals can use mortgage interest as a special deduction item to reduce the taxable amount of personal income tax.
2. Reasonably plan the mortgage structure: choose the appropriate mortgage interest rate and repayment method, such as choosing the mortgage repayment method, and allocate the mortgage interest to the monthly repayment to reduce the one-time payment of interest.
3. Find other legal tax reduction methods: Understand the laws and regulations of personal income tax, and find other legal tax reduction methods, such as buying commercial insurance to reduce the burden of personal income tax.
4. Consult a professional tax consultant: Ask a professional tax consultant to analyze the personal situation, formulate the best tax reduction strategy, and minimize the mortgage interest burden under personal income tax on the premise of ensuring legal compliance.
Personal income tax payment standard:
Taking the taxable income of the whole year as the standard (comprehensive income of residents' personal income, income after deducting expenses of 60,000 yuan in each tax year and the balance after special additional deduction determined according to law):
1, 1: 3% if it does not exceed 36,000 yuan;
2. Grade II: the part exceeding 36,000 yuan144,000 yuan;
3. Grade III: 20% of the part exceeding144,000 yuan to 300,000 yuan;
4. Level 4: 25% for the part exceeding 300,000 yuan to 420,000 yuan;
5. Grade V: 30% of the part exceeding 420,000 yuan to 660,000 yuan;
6. Level 6: 35% of the part exceeding 660,000 yuan to 960,000 yuan;
Level 7, 7: 45% of the part exceeding 960,000 yuan.
To sum up, the specific operation should be decided according to personal circumstances and relevant laws and regulations. It is recommended to consult professionals before implementation to obtain accurate opinions and suggestions.
Legal basis:
Interim Measures for Special Additional Deduction of Individual Income Tax
Article 14
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.