Konka, a member of the Chinese People's Political Consultative Conference and former director of the Institute of Fiscal Science of the Ministry of Finance, revealed at the annual meeting of Boao 2 1 Century Real Estate Forum 16 that the personal income tax deductible mortgage has been made clear, and the plan will be promoted nationwide, but it has not yet been implemented.

Konka said: "Personal income tax deduction mortgage has been made clear. As for the progress, it depends on the time of tax reform. The time required by the central government is about 1 year, which may not be able to catch up this year. What is certain is that this program will be promoted nationwide. "

take for example

Deduction standard: individual tax is calculated according to the threshold standard of 3500 yuan/month.

If someone's wage income is 20,000 yuan, his personal income tax should be: (20,000-3,500) × 25%-0 = 4125 yuan.

Mortgage interest deduction tax accounting

Case: Mr. A is a white-collar worker. Suppose he buys a 2 million house and mortgages 70% through a commercial loan for 30 years. If he chooses the repayment method of equal principal and interest, the monthly repayment amount is about 7430 yuan, of which about 354 1 yuan is interest expense.