There was no refund after applying for the special deduction policy for mortgage interest.

The special additional deduction for housing loan interest is not a return of money, but allows taxpayers to pay less tax by adding special deduction items, so that taxpayers will receive more income.

Now the tax threshold is a monthly income of 5,000 yuan or an annual salary of 60,000 yuan. Originally, the tax amount was calculated based on the taxpayer’s actual income minus the tax threshold. However, if there are special additional deductions, Then the amount of special additional deductions must be subtracted and then the tax amount calculated.

The special additional deduction for housing loan interest refers to one of the six special additional deductions stipulated in the "Individual Income Tax Law of the People's Republic of China".

Chapter 5 of the "Interim Measures for Special Additional Deductions for Personal Income Tax" stipulates relevant provisions for special additional deductions for housing loan interest, which will come into effect on January 1, 2019.

From January 1, 2019, when taxpayers calculate their taxable income, in addition to the basic deduction of 5,000 yuan for expenses and special deductions such as "three insurances and one housing fund", they can also enjoy benefits for their children Six special additional deductions include education, continuing education, medical treatment for serious illness, housing loan interest or housing rent, and supporting the elderly.

Loan refers to a form of credit activity in which banks or other financial institutions lend monetary funds according to certain interest rates and must be returned. A simple and popular understanding is borrowing money that requires interest.

Banks invest the concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development; at the same time, banks can also obtain loan interest income, Increase the bank's own accumulation.

The "Three Characteristics Principle" refers to safety, liquidity, and efficiency. This is the fundamental principle of commercial bank loan operations. Article 4 of the "Commercial Bank Law of the People's Republic of China" stipulates: "Commercial banks take safety, liquidity, and efficiency as their operating principles, implement independent operations, bear their own risks, be responsible for their own profits and losses, and self-discipline."

Loan safety is the primary issue faced by commercial banks; liquidity refers to the ability to recover loans within a predetermined period or to liquidate them quickly without loss, so as to meet the needs of customers to withdraw deposits at any time; efficiency refers to the ability of banks to withdraw their deposits at any time The basis of going concern.

For example, if a long-term loan has a higher interest rate than a short-term loan, the efficiency will be good. However, if the loan period is longer, the risk will increase, the safety will be reduced, and the liquidity will become weaker. Therefore, there must be harmony between the "three natures" so that there will be no problems with loans.