Renting can be deducted from provident funds. As long as you have paid the provident fund locally for more than 6 consecutive months, you can withdraw the balance in your provident fund account to deduct the house payment. When going through the withdrawal procedures, you need to prepare the lease contract, personal provident fund account, and withdrawal application form. The purposes of the housing provident fund are as follows:

1. Employees who buy a house with a loan and have continuously paid and deposited the housing provident fund in full for the specified period (usually 6 months or more than 12 months) can purchase, construct, renovate, or overhaul a house. When you live in your own house, you can apply for a housing provident fund loan from the Housing Provident Fund Management Center. In addition, paying employees can also apply for housing provident fund off-site loans to buy a house. Employees who pay housing provident fund deposits and purchase a house outside the place where the housing provident fund is deposited can apply for a personal housing loan from the housing provident fund management center of the place where the house is purchased according to the personal housing loan policy of the housing provident fund in the place where the house is purchased. The Housing Provident Fund Management Center in the place where the deposit is made is responsible for issuing the "Certificate of Payment and Use of Housing Provident Fund for Employees with Loans in Other Places";

2. Withdrawal to buy a house, and employees who contribute to the deposit purchase a self-occupied house can apply to withdraw the housing provident fund account The balance and withdrawal amount cannot exceed the purchase amount. When handling the withdrawal process for purchasing a house, you can withdraw your spouse’s housing provident fund at the same time. Some cities have relaxed the conditions for withdrawing housing provident funds for home purchases. Employees can not only withdraw the balance in their spouse's housing provident fund account, but also withdraw the housing provident funds of their parents or children. In addition to applying for loans to buy houses in other places, the housing provident fund can also be used to withdraw money from buying houses in other places. Employees who purchase a house outside the place of deposit can apply to withdraw the balance in the housing provident fund account, and the withdrawal amount cannot exceed the purchase amount. Some cities also allow housing provident funds to be withdrawn to pay down payments for home purchases;

3. Withdrawal to repay housing loans. The balance in the housing provident fund account can be withdrawn to repay housing loans, including commercial housing loans, provident fund loans and combination loans. Employees who handle the provident fund withdrawal and loan repayment business can apply for entrusted withdrawal and loan repayment, that is, the provident fund center is entrusted to withdraw the storage balance in the housing provident fund account to repay personal housing loans. There are two methods of entrusted withdrawal and loan repayment: entrusted withdrawal and repayment on a monthly basis and entrusted withdrawal and repayment on an annual basis. Employees who handle the entrusted withdrawal business generally include borrowers and spouses, as well as co-borrowers and spouses who have property rights. The housing provident fund can be withdrawn not only to repay local housing loans, but also to repay home purchase loans in other places. The amount withdrawn shall not exceed the total principal and interest of the loan actually repaid. If an employee repays part (or all) of the home purchase loan in advance, he or she can withdraw the balance in the housing provident fund account of the month stated in the early repayment voucher, and the withdrawal amount shall not exceed the early repayment amount;

4 , Withdraw and pay rent. If an employee does not own a house but rents a house in the place where the housing provident fund is paid, and has paid and deposited the housing provident fund in full for the specified period (usually 3 months), he or she can apply to withdraw the balance in the housing provident fund account for use. To pay rent. There are limits on the withdrawal amount in various places. Generally, employees and their spouses can withdraw once a year;

5. Decorate the house. Employees who have paid into the housing provident fund can apply to withdraw the amount in the housing provident fund account for housing decoration, or apply for housing provident fund decoration loan. However, the housing provident fund decoration withdrawal business and decoration loan business are currently not applicable to housing provident funds in various places. As a new business, whether the withdrawal or loan for decoration is feasible depends on the specific regulations of the local housing provident fund management center;

6. Withdrawal to pay medical expenses due to the employee himself or his family members (spouse and dependents) If an adult child) suffers from a major illness or undergoes a major operation, he or she may apply to withdraw the amount in his or her housing provident fund account to pay for the self-pay portion after reimbursement of social insurance medical expenses.

The identification standards for major illnesses are subject to those stipulated by the local housing provident fund management centers;

7. If the family has difficulties in living, it can be withdrawn if the employee's family encounters major emergencies (such as car accidents, fires, earthquakes, accidental personal injuries) etc.) causing difficulties in family life, or if the employee's family enjoys urban residents' living security, they can apply to withdraw the balance in the housing provident fund account;

8. Cancel the account and withdraw the entire balance, if the contributing employee meets certain requirements If the conditions are met, you can apply to withdraw the entire balance of your housing provident fund account and cancel your personal housing provident fund account. For example, retired employees, settling abroad, completely losing their ability to work, dying or being declared dead, etc.

Legal basis:

Article 2 of the "Personal Income Tax Law of the People's Republic of China"

The following personal income shall be subject to personal income tax:

(1) Income from wages and salaries;

(2) Income from labor remuneration;

(3) Income from author remuneration;

( 4) Income from royalties;

(5) Income from operations;

(6) Income from interest, dividends and bonuses;

(7) Property leasing Income;

(8) Income from property transfer;

(9) Incidental income.

If a resident individual obtains the income from Items 1 to 4 of the preceding paragraph (hereinafter referred to as comprehensive income), personal income tax shall be calculated on a consolidated basis in the tax year; if a non-resident individual obtains the income from Items 1 to 4 of the preceding paragraph, Personal income tax is calculated on a monthly or itemized basis. Taxpayers who obtain income from Items 5 to 9 of the preceding paragraph shall calculate personal income tax respectively in accordance with the provisions of this Law.