Loans to buy a house can be refunded, because personal income tax provides six special additional deductions, including interest on housing loans. However, only taxpayers or their spouses alone or * * * together with individual housing loans from commercial banks or housing accumulation funds can apply for tax refund for the interest expenses of the first set of housing loans incurred by themselves or their spouses in purchasing houses in China.
In short, taxpayers can only enjoy a first home loan interest deduction, and the maximum deduction period is no more than 240 months.
In addition, for the housing purchased by both husband and wife, only one party can enjoy the deduction of housing loan interest when deducting personal income tax mortgage interest. And in a tax year, you can't enjoy the special additional deduction of housing loan interest and housing rent at the same time.
If the husband and wife buy the first set of housing loans before marriage, they can choose one set to be deducted by the buyer according to the deduction standard of 100% after marriage, or both husband and wife can deduct the purchased housing according to the deduction standard of 50% respectively.
What are the methods of mortgage tax refund? Mortgage tax refund, you can directly go to the tax software to operate the tax refund, or you can directly go to the local tax authorities for entry. Generally, tax payment certificate, detailed list of wrong tax payment and personal identification materials must be submitted when tax refund is made. There are two ways to declare: through withholding agents and self-declaration in the year of comprehensive income.
1. Declare through withholding agent: When withholding agent declares personal income tax for you, you need to download the special additional deduction information you submitted this time in advance. That is, your company declares the special additional deduction on a monthly basis. You can enjoy the special additional deduction preferential policy earlier. Advantages: enjoy it on time on a monthly basis, without deducting it yourself. Disadvantages: the unit will know some personal information.
2. Self-declaration of comprehensive income year: the special additional deduction information you submitted this time can be deducted before tax in the self-declaration of comprehensive income year. That is, the enterprise does not declare the special additional deduction, and will go to the tax authorities for the special additional deduction when it is settled in March-June of the following year, and will be delayed to enjoy the special additional deduction.