Since the introduction of preferential tax policies for individuals, the interest on individual housing loans can be reduced, reducing the pressure on many taxpayers, but there are certain quotas and conditions.

For mortgage loan, 1.2 months, the tax can be reduced by 1.000 yuan per month and 1.2000 yuan per year. In addition, there is also a limit on the time limit for deducting individual tax from mortgage interest rate, with a maximum of 240 months, that is, 20 years. In other words, if it is a 30-year mortgage, then the tax cannot be deducted in the last ten years.

Moreover, there may not be mortgage interest every month, which can reduce taxes. It also depends on the type of mortgage and the subject matter of deduction.

1. Buying a house can be done by one person or after marriage, but it must be purchased with bank loans and provident fund, and the user's first suite is required. If you have more than one house in your name, it can only be regarded as the first house you bought.

2. The object of deduction can be yourself or your spouse. Two people can choose one person to deduct, or two people can deduct at the same time, but the ways of deduction and exemption are different. If it is a party, it is 100% tax reduction and exemption. In other words, if one party pays the tax of 1000 yuan, the other party can no longer declare. If it is two people, it is 50% of the two people, and one party will deduct 500 yuan.

Mortgage repayment method

1, average capital: average capital. With the extension of repayment time, the debt burden will be gradually reduced, which means that your pressure will be reduced. Average capital refers to the monthly principal distribution from the last repayment date to the current repayment date. Under the same circumstances, the total interest paid is less than the equivalent interest;

2. Equal interest: Equal interest is a fixed amount allocated to the repayment period on a monthly basis;

3. One-time repayment of principal and interest: This repayment method is relatively rare. Generally, small companies or individual operators choose this option, which can repay monthly or quarterly, and pay off all principal and interest in one lump sum at maturity, which can alleviate the repayment pressure;

4. prepayment: the mortgage can be repaid in advance, but it depends on the agreement in the loan contract. Every bank is different. For example, if the bank stipulates early repayment within one year, it must pay the corresponding compensation.