According to the regulations, in the year when the loan interest actually occurs, it shall be calculated as per month 100, and the longest period shall not exceed 240 months. Taxpayers can only enjoy a first home loan interest deduction. Please note that not all loans will be overpaid. The first condition for enjoying this special additional deduction is that the loan is the "first home loan interest rate". For details, please consult the bank or housing provident fund center that issues loans. If the husband and wife decide on their own, the first housing loan before marriage will be divided, and the interest expenses of the loan and housing will be deducted by the buyer according to the deduction standard of 100%, or 50% for both husband and wife. The specific deduction method cannot be changed within a tax year.
A mortgage of 3,500 yuan can be used to offset the first home loan when the wife and husband buy houses separately before marriage. After marriage, you can choose to buy a house, and the buyer will deduct the house according to the deduction standard of 100%. In a tax year, after deducting mortgage interest from their monthly salary, they have to pay a tax. In this way, the tax amount is correspondingly less. For residents who participate in the payment of housing provident fund, low-interest loans for housing provident fund are preferred when buying a house with loans. Housing provident fund loans have the nature of policy subsidies, and the loan interest rate is very low. Moreover, it is lower than the deposit interest rate of commercial banks in the same period, that is to say, when there is a mortgage, insurance and other related procedures between the mortgage interest rate of housing provident fund and the deposit interest rate of banks, the cost will be halved.
When calculating tax, deducting mortgage interest from individual tax means that when calculating personal income tax, the deduction amount of mortgage property is deducted first, and the personal income after deduction is 10000 yuan, and the personal part of "five insurances and one gold" (social security 10.5%, provident fund 8%) is deducted first.
Mortgage interest tax deduction is actually the same as five insurances and one gold, which is deducted in advance when calculating individual tax. The calculation method of individual tax in the future will be more useful than the current calculation. The calculation method of individual tax will become: tax payable = wages and salaries-five insurances and one gold-special tax income rate such as mortgage interest-quick deduction. Suppose Xiao Li, who works in Hangzhou, has a housing loan of 6,543,800 yuan and a monthly salary of 6,543,800 yuan. According to the latest tax threshold of 5,000 yuan/month, without deducting mortgage interest deduction, the amount is 1 10,000 yuan-1 10,000 yuan 22.5% (five insurances and one gold) = 7,750 yuan, and the tax payable is (7,750 yuan-5,000 yuan) 3%=82.5 yuan.
How much tax can be saved by the mortgage interest deduction policy has a lot to do with our housing loan quota and salary. Every change will affect the change of tax revenue. Specific to how much tax everyone can pay less, it still needs to be calculated specifically. Under the new individual tax scheme, because Lao Wang has a mortgage of 6.5438+0 million yuan and needs to pay back a mortgage of 5,000 yuan every month, the tax base of the two kings will become 654.38+0.50-2,500 yuan, and the tax rate of Lao Wang will reach 765.438+0%.
law
China people and state-owned enterprises.
Article 1 Enterprises and other taxpayers who have obtained group income within the territory of People's Republic of China (PRC) are wholly-owned enterprises and partnerships in accordance with this Law.
Two, personal income tax housing loan interest deduction ratio
From 1, 20 19 and 1, six special additional deductions will be implemented, in which the interest of the taxpayer's own or spouse's housing loan and the interest expense of the first home loan can be deducted according to the standard quota of 1000 yuan per month. 2. If both husband and wife live in the first house and have a loan. Meanwhile, on the other hand, I rent a house and work in another city. Then both husband and wife can only choose one party to deduct.
3. How much can the mortgage interest be refunded?
The mortgage is repaid to 700 yuan every month, which meets the requirements of tax deduction. Interest on housing loans can be deducted when declaring and paying personal income tax on wages and salaries. No matter how much you pay back every month, you can deduct 1000 yuan for the first home in China when you declare personal income tax on wages and salaries every month. According to the policy, if I or my spouse use the personal housing loan or housing accumulation fund of commercial banks alone or jointly to buy a house for me or my spouse in China, the interest expense of the first housing loan will be deducted according to the standard of 1 000 yuan per month, and the deduction period will not exceed 240 months.
Taxpayers can only enjoy a first home loan interest deduction.
4. How much can the housing loan be deducted from the individual tax?
First, the amount of personal income tax 1000 yuan can be deducted every month after the housing loan is deducted. If taxpayers or their spouses use individual housing loans from commercial banks or housing accumulation funds alone or jointly to purchase housing for themselves or their spouses in China, the interest expenses incurred by 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 first housing loan refers to the housing loan that enjoys the interest rate of the first housing loan when buying a house. 2. Deduction object: As agreed by both husband and wife, one of them can choose to deduct, 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. Three. Required materials: Taxpayers should keep the housing loan contract and loan repayment expenditure vouchers for future reference. Deduction calculation time: from the month of repayment agreed in the loan contract to the month when the loan is fully paid off or the loan contract is terminated, the longest deduction period shall not exceed 240 months. At present, the threshold of individual tax in China is 5000 yuan, and those who earn more than 5000 yuan are obliged to pay individual tax. At present, the calculation method of individual tax is: personal income tax = taxable income (wage income-five insurances and one gold) tax rate-quick deduction. Mortgage interest tax deduction refers to the interest expense of the mortgage loan of the purchaser, which can be used as pre-tax deduction. Generally speaking, when calculating the monthly personal income tax payable, mortgage interest is deducted from the income tax payable such as wages and salaries, and the rest is calculated as a tax. After the New Deal, personal income tax = payable income (wage income-five insurances and one fund-mortgage interest) tax rate-quick deduction. You can't enjoy the special deduction for the second suite, and you can only enjoy the first home loan interest rate if you buy a house. Therefore, the principle of recognizing loans and not recognizing houses is adopted in the special deduction of mortgage, mainly depending on whether you still have a mortgage with the first home loan interest rate. So, you can check the statement in the housing loan contract, and at the same time, you can call the loan bank to ask if you enjoy the interest rate of the housing loan. In the same way, whether to buy a second suite is not directly related to enjoying this deduction, or it depends on whether there is a house in your name that is still enjoying the interest rate of the first home loan. According to Article 14 of the Interim Measures for Special Additional Deduction of Personal Income Tax, if a taxpayer or his spouse uses a personal housing loan from a commercial bank or housing accumulation fund to buy a house for himself or his spouse in China, the interest expenses incurred in the first housing loan shall be deducted according to the standard quota of 1 000 yuan 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. Fifteenth agreed by both husband and wife, can choose to be deducted by one of them, the specific method of deduction shall not be changed within a 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. Article 16 Taxpayers should keep the housing loan contract and repayment expenditure vouchers for future reference.