Individual income tax deductions for rent and mortgage cannot be deducted at the same time.

Mortgage and rent cannot be deducted from personal income tax at the same time. The taxpayer and his spouse cannot enjoy special additional deductions for housing loan interest and housing rent respectively within a tax year;

Apartment loans Can personal income tax be deducted?

It is not fully deductible. According to the draft, in terms of housing loan interest, the first home loan interest expenses incurred by the taxpayer himself or his spouse can be deducted at the standard of 1,000 yuan per month. Fixed deduction; housing rent is deducted at a fixed amount of 800 yuan to 1,200 yuan per month depending on the city where the taxpayer rents the house;

According to relevant regulations, taxpayers and their spouses cannot enjoy housing at the same time in a tax year Special additional deductions for loan interest and housing rent. When taxpayers enjoy special additional deductions for the first time, they shall submit relevant information about special additional deductions to the withholding agent or the tax authority. The withholding agent shall promptly submit the relevant information to the tax authority. The taxpayer shall ensure the authenticity and accuracy of the submitted information. , Responsible for integrity. If the special additional deduction information changes, the taxpayer shall promptly provide the relevant information to the withholding agent or tax authorities.

Legal basis:

"Interim Measures for Special Additional Deductions for Personal Income Tax"

Article 14 The taxpayer or his or her spouse individually or jointly uses commercial If a personal housing loan from a bank or housing provident fund is used to purchase a house in China for himself or his spouse, the interest expense on the first housing loan shall be deducted at a standard fixed amount of 1,000 yuan per month in the year in which the loan interest is actually incurred. The maximum deduction period shall not exceed 240 months. Taxpayers can only enjoy a one-time deduction for interest on their first home loan.

The term “first-home loan” as mentioned in these Measures refers to a home loan that enjoys the first-home loan interest rate for purchasing a home. Article 15 Upon agreement by both spouses, one of the spouses can choose to have the deduction made. The specific deduction method cannot be changed within a tax year.

For the first housing loan that the couple purchased separately before marriage, the loan interest expenses can be deducted by the purchaser at 100% of the deduction standard for one of the houses purchased after marriage. The husband and wife each deduct 50% of the deduction standard for the houses they purchased respectively. The specific deduction method cannot be changed within a tax year. Article 18 The "main city of work" as mentioned in these Measures refers to the municipality directly under the Central Government, the city specifically designated in the state plan, and the city where the taxpayer is employed. All administrative areas of sub-provincial cities and prefecture-level cities (regions, states, leagues); if the taxpayer does not have an employer, the city where the tax authority that accepts the final settlement of his comprehensive income is located.

If both spouses mainly work in the same city, only one party can deduct housing rental expenses.