Generally speaking, one month's mortgage tax deduction can deduct taxable salary 1000 yuan. It should be noted that it is not the direct tax deduction of 1 1,000 yuan, but the taxable amount of 1 1,000 yuan. In addition, the deduction can only be mortgage interest. Suppose the monthly repayment is 2000 yuan, in which 1200 is the principal and 800 is the interest, then only 800 yuan can be deducted at most. Calculated according to your monthly situation, it adds up to the tax deduction amount of mortgage loans in that year.

What are the precautions for buying a new house?

1. Sign the contract according to legal procedures and standards.

In the process of buying and selling houses, the buyer and the seller shall sign a contract for buying and selling houses in accordance with the norms, and shall fill in the terms listed in the text item by item. Don't sign the purchase agreement set by the developer at will. Because this is not a necessary procedure for buying a house, this kind of contract is bound to be unequal in rights and obligations, which is particularly unfavorable to property buyers.

2. Agree the delivery time in advance.

Many property buyers have encountered delays in delivery by developers when buying a house. Therefore, in order to prevent developers from delaying the delivery, buyers can indicate the delivery time in the pre-sale contract.

3. Clarify the liabilities of both parties for breach of contract.

When signing a house purchase contract, the buyer and the seller should also specify the liability for breach of contract. Generally speaking, the place where buyers are prone to default is to delay the delivery of the house payment, but there are also many cases where developers default, such as selling more than one room and not handling the real estate license on time. Therefore, in order to avoid this situation, it is best for buyers to stipulate the liability for breach of contract in the contract and regulate their own behavior.

legal ground

Interim Measures for Special Additional Deduction of Individual Income Tax

Article 14 If taxpayers or their spouses use individual housing loans from commercial banks or housing accumulation funds alone or jointly to buy houses for themselves or their spouses 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 occurred, 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.

Individual Income Tax Law of the People's Republic of China

Article 3 The tax rate of individual income tax:

(1) For comprehensive income, the excess progressive tax rate of 3% to 45% is applicable (the tax rate table is attached);

(2) For operating income, the excess progressive tax rate of 5% to 35% shall apply (the tax rate table is attached);

(3) Income from interest, dividends and bonuses, income from property leasing, income from property transfer and accidental income shall be subject to the proportional tax rate of 20%.