The maximum deduction period for housing loan interest among the special additional deductions for personal income tax shall not exceed 240 months.

According to Article 14 of the "Interim Measures for Special Additional Deductions for Individual Income Tax", the taxpayer himself or his spouse, alone or together, uses a commercial bank or housing provident fund personal housing loan to purchase a house in China for himself or his spouse. , the first home loan interest expense incurred;

In the year in which loan interest is actually incurred, a standard fixed amount of 1,000 yuan per month will be deducted, and the deduction period shall not exceed 240 months. Taxpayers can only enjoy a one-time deduction for interest on their first home loan.

Extended information:

Article 25 of the "Interim Measures for Special Additional Deductions for Individual Income Tax" If a taxpayer enjoys special additional deductions for the first time, he shall submit relevant information about special additional deductions to the withholding obligation The withholding agent shall submit relevant information to the tax authorities in a timely manner, and the taxpayer shall be responsible for the authenticity, accuracy and completeness of the information submitted. If the special additional deduction information changes, taxpayers should promptly provide relevant information to the withholding agent or tax authorities.

The information related to special additional deductions referred to in the preceding paragraph includes the personal identity information of the taxpayer, spouse, children, dependents, etc., as well as other information related to special additional deductions stipulated by the tax authorities of the State Council.

China Government Website - Notice on Issuing Interim Measures for Special Additional Deductions for Personal Income Tax