1, special additional deduction of housing loan interest.

The special additional deduction of housing loan interest means that taxpayers can deduct 1 000 yuan when calculating the taxable income of individual tax, so that they can pay less when calculating the income tax payable.

2, housing loan interest special additional deduction range.

I or my spouse alone or jointly use commercial loans or housing provident fund to buy the first suite in China, resulting in loan interest expenses.

3, housing loan interest special additional deduction calculation method.

In the year when the loan interest actually occurs, it shall be deducted according to the standard of 1 000 yuan per month, and the longest deduction period shall not exceed 240 months. It should be noted that instead of paying 1000 yuan to the party concerned, personal income tax is paid in proportion after deducting 1000 yuan from the income of the party concerned.

Special additional deduction for personal income tax:

1, children's education.

The expenses related to the taxpayer's children receiving full-time academic education shall be deducted according to the standard of 1000 yuan per child per month.

2. Continuing education.

Taxpayers engaged in continuing education of academic qualifications (degrees) within the territory of China shall be deducted according to the monthly 400 yuan quota during the period of academic qualifications (degrees) education. The deduction period of continuing education with equivalent academic qualifications (degrees) cannot exceed 48 months. Taxpayers' expenses for continuing education of professional qualifications of skilled personnel and professional and technical personnel shall be deducted according to the quota of 3,600 yuan in the year when relevant certificates were obtained.

3. Critical illness medical treatment.

In a tax year, the part of the medical expenses related to basic medical insurance incurred by taxpayers that exceeds 15000 yuan after deducting medical insurance reimbursement (referring to the self-paid part within the scope of medical insurance catalogue) shall be deducted within the limit of 80000 yuan when the taxpayer handles the annual final settlement.

4, housing loan interest

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 from 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. Taxpayers can only enjoy a first home loan interest deduction.

Reference to the above contents: Notice of Baidu Encyclopedia-the State Council on Printing and Distributing the Interim Measures for Special Additional Deduction of Individual Income Tax

What are the standards and conditions for tax mortgage deduction?

The standards and conditions for deduction of individual tax loans are:

Taxpayers who must own a house individually or jointly or their spouses own a house use commercial loans or provident fund loans to buy houses for themselves or their spouses in China. And the house purchased by the loan must belong to the first set of housing. The mortgage is still to be paid, and it is still in the year when the loan interest actually occurs. The deduction period is limited. The longest deduction period of individual tax mortgage deduction cannot exceed 240 months, that is, 20 years. And the housing rent cannot be deposited, and the interest expense of the housing loan cannot be deducted at the same time with the housing rent.

Loan introduction:

Loan refers to a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. The simple and popular understanding is to borrow money with interest.

Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development; At the same time, banks can also obtain loan interest income and increase their own accumulation.

Tax deduction standard for housing loans

Deduction standard of individual tax housing loan: Deduct according to the standard of 1000 yuan per month, and the longest deduction period shall not exceed 240 months. Deduction condition of individual tax housing loan: 1. Taxpayers or their spouses purchase housing for themselves or their spouses alone or by using personal housing loans or housing accumulation funds of commercial banks in China; 2. Interest expense of the first home loan; 3. The year when the loan interest actually occurs. Note: 1. The term "first home loan" as mentioned in these Measures refers to the home loan that enjoys the interest rate of the first home loan when buying a house. 2. As agreed by both husband and wife, one of them can choose to deduct, and the specific deduction method shall not be changed within one tax year. 3. For the first set of housing loans incurred when the husband and wife buy houses separately before marriage, one set of houses purchased after marriage can be selected and deducted by the purchaser according to the deduction standard of 100%, or deducted by the husband and wife according to the deduction standard of 50% respectively, and the specific deduction method cannot be changed within one tax year.

legal ground

Interim Measures for Special Additional Deduction of Personal Income Tax Article 14 If a taxpayer or his spouse uses a personal housing loan from a commercial bank or housing accumulation fund to buy a house for himself or his spouse in China, the interest expenses incurred from the first housing loan shall be deducted according to the standard quota of 1 000 yuan per month in the year when the actual loss occurs, and the maximum deduction period shall not exceed 240 months. Taxpayers can only enjoy a first home loan interest deduction.

The term "first home loan" as mentioned in these Measures refers to the housing loan that enjoys the interest rate of the first home loan when buying a house.

How to deduct the special surcharge for housing loan interest?

The special additional deduction of housing loan interest is deducted from personal income tax, not directly from the taxable amount, but from the total taxable amount.

According to Article 14 of the Interim Measures for Special Additional Deduction of Individual Income Tax, if a taxpayer or his spouse uses a personal housing loan from a commercial bank or housing accumulation fund to buy a house for himself or his spouse in China, the interest expenses incurred from 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 occurs, and the maximum deduction period shall not exceed 240 months. Taxpayers can only enjoy a first home loan interest deduction.

Provisions on personal income tax deduction.

Calculation of taxable income in Article 6 of the Individual Income Tax Law of People's Republic of China (PRC);

(1) For the comprehensive income of individual residents, the taxable income shall be the income after deducting expenses of 60,000 yuan, special additional deductions and other deductions determined according to law.

(2) For the income from wages and salaries of non-resident individuals, the taxable income shall be the balance of monthly income after deducting expenses of 5,000 yuan; Income from labor remuneration, royalties and royalties shall be taxed.

(3) For operating income, the taxable income shall be the balance of the total income in each tax year after deducting costs, expenses and losses.

(four) if the income from property leasing does not exceed 4,000 yuan each time, the 800 yuan shall be deducted; If it exceeds 4,000 yuan, 20% of the expenses will be deducted, and the balance will be taxable income.

(5) For the income from property transfer, the taxable income shall be the balance after deducting the original value of the property and reasonable expenses from the income from property transfer.

(6) Interest, dividends, bonus income and contingent income shall be limited to the taxable income each time.

Income from remuneration for labor services, remuneration for manuscripts and royalties shall be the balance after deducting expenses. The amount of remuneration should be reduced by 70%.

Individuals donate their income to public welfare charities such as education, poverty alleviation and poverty alleviation, and the part of the donation that does not exceed 30% of the taxable income declared by taxpayers can be deducted from their taxable income; If the State Council stipulates that donations to charity should be fully deducted before tax, such provisions shall prevail.

The special deduction specified in item 1 of the first paragraph of this article includes social insurance premiums such as basic old-age insurance, basic medical insurance, unemployment insurance and housing accumulation fund paid by individual residents in accordance with the scope and standards prescribed by the state; Special additional deductions include children's education, continuing education, medical treatment for serious illness, housing loan interest or housing rent, support for the elderly and other expenses. The specific scope, standards and implementation steps are determined by the State Council and reported to the NPC Standing Committee for the record.

For the above contents, please refer to the Chinese government website-Interim Measures for Special Additional Deduction of Individual Income Tax.