Housing loans or renting houses can be deducted from personal income tax, so you can only choose one. ① Individual income tax 1000 yuan can be deducted from the housing loan every month. (2) The mortgage can cover 1 0,000 tax for one month and deduct10.2 thousand tax for one year. It should be noted that there is still a time limit for deducting individual tax from mortgage interest expenses, which is no more than 240 months, that is, 20 years. This means that if the mortgage is 30 years old, there will still be 10 years where the tax cannot be deducted. The criteria for determining the tax deduction of real estate: First, it depends on whether both parties are qualified to declare the deduction, specifically whether the monthly salary reaches 5,000 or the annual salary reaches 60,000. After reaching the wage standard, it is necessary to judge again whether it belongs to the first home loan. (1) If they all meet the requirements and belong to the other party's first home loan, then you can choose to bear 50% or one of them will bear 100% of the deduction, as long as both parties negotiate. (2) If two people share 50% equally, then both people need to fill in the information, and then select this option in the deduction ratio. If only one person bears the deduction of 100%, then only those who meet the requirements can be selected, and the application materials must be filled in. You can choose No in the deduction ratio. Steps of property tax deduction ① Select the special additional deduction I want to declare on the homepage; ② Enter the selected item and fill in or confirm the basic information; ③ Fill in the special deduction information and the distribution ratio of spouses; (4) fill in other ways, such as deduction, basically completed. In addition, you need to be responsible for the authenticity of the information submitted. Legal basis: 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 or housing accumulation fund of a commercial bank to purchase housing 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 RMB 1 000 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. 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. "Interim Measures for Special Additional Deduction of Individual Income Tax" Article 15 A husband and wife may agree to deduct it, and the specific deduction method shall not be changed within one tax year. For the first set of housing loans that occur when the husband and wife buy houses separately before marriage, they can choose to buy 1 house after marriage, and the buyer will deduct it according to the deduction standard of 100%, or the husband and wife will deduct it according to the deduction standard of 50%, and the specific deduction method cannot be changed within one tax year. Interim Measures for Special Additional Deduction of Individual Income Tax Article 16 Taxpayers shall keep the housing loan contract and loan repayment expenditure vouchers for future reference.

Second, how much personal income tax can be deducted from the mortgage?

(1) Housing loans can be taxed on a monthly basis.

(2) The mortgage can cover 1 0,000 tax for one month and deduct10.2 thousand tax for one year.

It should be noted that there is still a time limit for deducting individual tax from mortgage interest expenses, which is no more than 240 months, that is, 20 years. This means that if the mortgage is 30 years old, there will still be 10 years where the tax cannot be deducted.

Identification standard of property tax deduction:

Mainly, they are eligible for deduction. Specifically, the monthly salary reaches 5,000 or the annual salary reaches 60,000, and the salary standard reaches the first home loan of Shengda University.

(1) If they all meet the requirements and belong to the other party's first home loan, then you can choose to bear 50% or one of them will bear 1 0,000% of the deduction, as long as both parties negotiate.

(2) If two people share 50% equally, then both need to fill in the information, and then select this option in the deduction ratio. If only one person bears the deduction of 100%, then only those who meet the requirements can be selected, and the application materials must be filled in.

Steps to deduct individual tax from real estate

① select that special additional deduction I want to declare on the homepage,

② Enter the selected project and fill in or confirm the basic information.

③ Fill in special deduction information and spouse distribution ratio,

(4) After completion, it is basically completed. In addition, the authenticity of the submitted materials should be verified.

Legal basis:

Interim Measures for Special Additional Deduction of Individual Income Tax Article 14 The interest expenses of the first housing loan incurred by the taxpayer or his spouse alone or * * jointly using the individual's domestic housing in a commercial bank or housing accumulation fund 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 the first suite once.

The term "first home loan" as mentioned in these Measures refers to the interest rate of the first home loan for housing purchase.

legal ground

Article 15 Individual income tax can be deducted through consultation between husband and wife, and the specific deduction method cannot be changed within one tax year.

For the first set of housing loans that husband and wife bought houses separately before marriage, they can choose to buy 1 house after marriage, which will be deducted by the buyer according to the deduction standard of 100%, or both husband and wife cannot deduct their own houses within a tax year.

"Interim Measures for Special Additional Deduction of Individual Income Tax" Article 16 Taxpayers shall keep the housing loan contract and subsequent vouchers of repayment expenses for future reference.

3. How much tax can I deduct if I have a mortgage?

The first loan housing has a tax deductible loan interest expense of RMB 1 1,000 per month, and the longest deduction period is no more than 240 months.

4. How much can mortgage interest be deducted from individual tax to save us?

Answer: For example, if the loan is 1 1,000 yuan, the monthly payment will be around 67 yuan according to the benchmark interest rate for 20 years, in which 24 yuan is the interest. That is to say, if the loan is 1 1,000 yuan, the benchmark interest rate for monthly payment will be around 6,700 yuan, of which about 2,400 yuan is the interest. And if the family's monthly income is around 20,000 and the monthly payment is around 1000, the individual tax can be basically reduced by more than 2,000 yuan. It can be seen that the increase of tax exemption points and the increase of special additional deductions such as housing loan interest can indeed obtain higher after-tax income for residents.