I. Overview of special additional deduction for mortgage
Special additional deduction for mortgage means that taxpayers can deduct the loan interest expenses incurred by buying houses when calculating personal income tax. This policy aims to reduce the economic pressure of buyers and improve the living standards of residents through tax incentives.
II. Special additional deduction standard for mortgage in 224
According to the regulations of State Taxation Administration of The People's Republic of China, the special additional deduction standard for mortgage in 224 will be dynamically adjusted according to the tax policy of that year and the real estate market situation. The specific deduction standard will be announced when the annual tax policy is adjusted. Taxpayers can pay attention to the official notice of State Taxation Administration of The People's Republic of China to get the latest information.
Under normal circumstances, the special additional deduction standard for mortgage loans may include the following aspects:
1. Loan interest deduction amount: the annual deductible loan interest amount of taxpayers will be adjusted according to the national tax policy and the real estate market situation.
2. Deduction period: The period during which taxpayers can enjoy the special additional deduction for mortgage loans is usually related to the repayment period agreed in the loan contract, but the specific policies may change.
3. restrictions on housing types: generally speaking, the special deduction for mortgage loans is applicable to the loan interest expenses for the purchase of ordinary houses, but may not be applicable to the purchase of certain types of houses such as commercial houses or luxury houses.
3. How to enjoy the special additional deduction of mortgage
In order to enjoy the special additional deduction of mortgage, taxpayers need to follow the following steps:
1. Prepare relevant supporting materials, including purchase contract, loan contract, repayment voucher and other related documents.
2. when the annual personal income tax is settled, the relevant certification materials shall be submitted to the tax authorities for review.
3. according to the audit results of the tax authorities, enjoy the corresponding special additional deduction for mortgage.
To sum up:
In 224, the standard of special additional deduction for mortgage will continue to be adjusted according to the national tax policy and economic situation. Taxpayers should pay attention to the official notice of State Taxation Administration of The People's Republic of China and know the latest deduction standards and policy requirements. In order to enjoy this deduction policy, taxpayers need to prepare relevant certification materials and submit them to the tax authorities for review when the annual personal income tax is settled.
Legal basis:
Article 6 of the Individual Income Tax Law of the People's Republic of China
stipulates:
Calculation of taxable income:
(1) The comprehensive income of individual residents is the taxable income after deducting expenses of 6, yuan from the income of each tax year and the balance after special deduction, special additional deduction and other deductions determined according to law.
(5) Special additional deductions, including expenses for children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent, supporting the elderly, etc. The specific scope, standards and implementation steps shall be determined by the State Council and reported to the NPC Standing Committee for the record.
Article 22 of the Regulations for the Implementation of the Individual Income Tax Law of the People's Republic of China
stipulates:
If a taxpayer enjoys special deductions for children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent and support for the elderly, it shall fill in the identity information of the taxpayer's spouse; Relevant materials that taxpayers need to keep for future reference should include: if their children receive education abroad, they should keep overseas education supporting materials such as admission notices of overseas schools and study visas.