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. According to the law, according to Article 15 of the Interim Measures for Special Additional Deduction of Individual Income Tax, both husband and wife can choose to deduct it by one of them through agreement, and the specific deduction method cannot 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?
For example, in Hefei, the monthly salary 1000, the mortgage 1000, and the term is 20 years. According to the benchmark interest rate, the monthly payment and interest are 6544 yuan and 2378 yuan respectively.
Before: individual tax = 10000 yuan-1837 yuan (five insurances and one gold) -3500 yuan (deduction) 20% (applicable tax rate) -555 yuan (quick deduction) = 377.6 yuan.
From now on: individual tax = 10000 yuan-1837 yuan (five insurances and one gold) -5000 yuan (deduction)-10% (applicable tax rate)-105 yuan (quick deduction) = 2/kloc-.
3. How much mortgage is the personal income tax offset?
Personal income tax cannot be used to offset the mortgage, and everyone misunderstood the policy. It is only the interest on housing loans as a deduction when calculating personal income tax. It is only a discussion stage for the time being, and it has not been formally implemented. For example, the salary of Pharaoh next door 1 10,000. If 80% of his salary is taken as the deduction base of five insurances and one gold, and five insurances and one gold are deducted 1779 yuan, then the tax payable is10000-1779 = 8221yuan. The personal income tax he should pay is: (8221-3500) × 20%-555 = 389.2 yuan. The final salary is:10000-1779-389.2 = 7831.8 yuan. If the mortgage interest deduction is implemented, Lao Wang's salary will become: if Lao Wang uses his own house loan 1 10,000 yuan, it will be paid off in 30 years. If he chooses the repayment method of equal principal and interest, the monthly repayment amount is about 5300 yuan, of which about 4000 yuan is interest expense. According to the situation that loan interest expenses can be deducted before tax: taxable income = 10000- 1779 (five insurances and one fund) -4000 (mortgage interest) -3500=72 1 yuan, and the final tax amount = 7213%-0. Mr. Wang, who should have paid the tax of 389.2 yuan, now only needs to pay 2 1.63 yuan, which is 367.57 yuan less. The salary received is also 4.69% higher than before.
4. Can the mortgage be deducted from personal income tax?
You can't. "The interest expense of the housing mortgage loan of the purchaser can be deducted as a pre-tax item. In other words, every tax you pay. Its change is not directly reflected in the repayment of real estate, but in the actual disposable income of individuals.
Mortgage, also known as house mortgage. Mortgage means that the buyer fills in an application for mortgage loan to the bank and provides legal documents, house sales contracts and documents. According to the mortgage loan contract concluded by the buyer, the bank examines the payment and handles the notarization of real estate mortgage registration. The bank will transfer the unit into the bank account within the time limit stipulated in the contract.
Statistics released by Beijing Wancai United Investment Management Co., Ltd., a real estate guarantee company, show that at the end of 20 10, the mortgage utilization rate has reached a high level in major first-tier cities in China, with more than 70% of houses purchased, and the number of residents applying for real estate mortgage loans in the name of individuals or relatives to revitalize their real estate is also increasing. "Mortgage" has become a way of life closely related to residents' lives.
In order to avoid mortgage risk, the guarantee certificate of general banks comes from legal persons, other economic organizations or natural persons. If friends or relatives can be found, the written documents and materials that are willing to guarantee will go to a professional guarantee company, who will provide guarantee and then pay compensation.
Adjust and improve relevant tax policies and strengthen tax collection and management. If the individual transfers the annual adjustment of the housing business, it shall be taxed in full according to the sales income. Strengthen the supervision and inspection of land value-added tax collection and management, focus on the projects whose pricing obviously exceeds the development, carry out land value-added tax clearing technology, strengthen the tax collection and management of stock housing transactions, and plug tax loopholes. Strictly implement the personal transfer of real estate income tax collection policy. All localities should speed up the establishment of tax administration according to law to provide a basis.
Legal basis:
Individual Income Tax Law of the People's Republic of China
Article 6 Calculation of taxable income:
(1) For the comprehensive income of individual residents, the taxable income shall be the amount of income in each tax year after deducting expenses of 60,000 yuan and other expenses stipulated by law.
Income from capital and salary shall be deducted from taxable income of monthly income; Income from labor remuneration, royalties and royalties shall be taxed.
(3) Taxable income is the balance of total operating income 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.