From 19 June 65438+ 10/0/day, taxpayers or their spouses use personal housing loans or housing accumulation funds of commercial banks to purchase houses for themselves or their spouses in China. In the year when the loan interest actually occurs, the interest expenses incurred by the first housing loan shall be deducted according to the standard quota of 1000 yuan per month, and the maximum deduction period shall not exceed 240 months.

Second, detailed analysis.

Not all mortgages are tax-free. They must be houses that enjoy the first set of housing loan interest rates, and if they are in repayment status, and the loan type is pure commercial loans or provident fund loans. If the lender's mortgage loan meets the above requirements, he can declare the interest on the housing loan on the individual tax. After submission and approval, he can reduce the tax by 1 000 yuan per month, and can only reduce the tax for 240 months at most, that is, he can reduce the tax by 240,000 yuan at most.

Third, what should I pay attention to when handling mortgage loans?

1. Be sure to prepare all relevant information such as ID card, household registration book, bank account, payroll and down payment receipt, and the information provided must be accurate and consistent with the real situation, so as not to affect the mortgage review and approval due to incomplete or incorrect information;

2. Apply for an appropriate loan amount according to the total house price, actual economic situation and repayment ability. If you apply for a personal housing provident fund loan, you must also consider the balance of the housing provident fund account. Don't blindly apply for too high a quota, lest it can't be done, or the repayment burden is too heavy after it is done;

3. If you apply for a personal housing provident fund loan, it is best not to use the housing provident fund at will before handling it.