How to choose whether to deduct 50% of the first house before marriage and after marriage?
To put it simply, if you choose "Yes", the husband and wife will deduct 50% of the first house respectively. If you choose "No" ” will be deducted at the individual’s 100% rate. The specific analysis is that "whether each has a first-time loan before marriage" is the first condition, and "each will deduct 50% after marriage" is the second condition. As long as one of the items is not met, select "No", and if both are met, select " yes".
If the husband and wife bought a house separately before marriage, and they voluntarily deduct 50% of the deduction standard for the houses purchased by each other, select "Yes" and deduct 50% of the house respectively.
In short, even if both husband and wife bought their first home before marriage, they can only enjoy the standard fixed deduction of 1,000 yuan per month after marriage, but they can choose to deduct 50% of the monthly amount, or 100 yuan each. % deduction.
Will 50% of each first loan be deducted after marriage?
Select "No" to deduct 100%. "Whether each has a first home loan before marriage" is the first condition, and "each will deduct 50% after marriage" is the second condition. If one item is not met, select "No", and if both items are met, select "Yes". The first home for an unmarried person does not meet the first condition. If you choose "No", 100% of the deduction will be applied. If you select "Yes", 50% will be deducted.
Personal housing loan is a kind of consumer loan, which refers to the loan issued by the lender to the borrower for the purchase of ordinary housing for self-use. When a lender issues a personal home loan, the borrower must provide a guarantee. If the borrower is unable to repay the principal and interest of the loan when due, the lender has the right to dispose of its collateral or pledged property in accordance with the law, or the guarantor shall bear joint and several liability for the repayment of the principal and interest.
Loans are intended for natural persons with full capacity for civil conduct. The loan conditions are that urban residents purchase ordinary houses for self-use and have a house purchase contract or agreement, have the ability to repay principal and interest, have good credit, have a down payment of 30% of the funds required for house purchase, and have a loan guarantee recognized by the bank, etc.
Personal housing loans can only be used to purchase ordinary houses for self-use and urban residents to repair or build self-use houses, and cannot be used to purchase luxury houses.
Loan elements
Loan purposes
Personal housing loans can only be used to purchase ordinary houses for self-use and urban residents to repair or build self-use houses. They cannot be used to purchase luxury houses. .
Loan recipients
Loan recipients should be natural persons with full capacity for civil conduct. The borrower must meet the following conditions at the same time:
1. Have a permanent urban residence or valid residence status;
2. Have a stable career and income, have good credit, and be able to repay the principal and interest of the loan. Ability;
3. Have a contract or agreement to purchase a house;
4. If you do not enjoy a house purchase subsidy, you must pay no less than 30% of the total price of the house purchased as the down payment. Payment; those who enjoy the home purchase subsidy shall use 30% of the personal contribution as the down payment of the home purchase;
5. Have assets recognized by the lender as mortgage or pledge, or units or individuals with sufficient repayment capabilities Serve as guarantor;
6. Other conditions stipulated by the lender.
Provide information
The borrower should provide the following information to the lender:
1. Identity document;
2. Relevant borrowers Proof of a stable economic income for the family;
3. A letter of intent, agreement or other approval document for purchasing a house that meets the regulations;
4. A list of mortgages or pledges, and proof of ownership As well as proof that the person with the right to dispose of the property agrees to the mortgage or pledge; a mortgage valuation certificate issued by the competent department; a written document that the guarantor agrees to provide guarantee and the guarantor’s credit certificate;
5. If you apply for a housing provident fund loan, you need Hold a certificate issued by the housing provident fund management department;
6. Other documents or information required by the lender.
When filling out the personal tax deduction report, there is an option that says "whether each will take out a first-time loan before marriage, and each will deduct 50% after marriage." How do you understand this?
It mainly depends on whether both parties have a set of qualifying housing loan interest rates before marriage. If not, there is no need to fill in the form. If yes, look at the options. If you choose 100% of the deduction standard for any one set, write no; if both parties want to deduct 50% of the standard each, write yes.
Now that housing prices are relatively high, when people buy a house, they basically need a loan. According to current legal provisions, housing loan exemptions are included in personal income tax. After that, you need to fill in the relevant information of the housing loan. At this time, two situations are involved, one is whether both parties have a set of qualifying housing loan interest rates before marriage. If not, this column is irrelevant. If so, you have to choose to deduct deductions from one set, or deduct deductions equally from each.
Personal income tax is a general term for the legal norms that regulate the social relations that occur between tax collection authorities and natural persons in the collection and management of personal income tax.
The United Kingdom is the first country to levy personal income tax. In 1799, the United Kingdom began to experiment with differential tax rates for personal income tax. It was not until 1874 that it became a fixed tax in the United Kingdom.
Personal income tax payers include both resident taxpayers and non-resident taxpayers. Resident taxpayers have full tax obligations and must pay personal income tax on all their income from sources within China and outside China; non-resident taxpayers must pay personal income tax only on their income from sources within China.
Personal income tax is a type of income tax levied by the state on the income of its own citizens, individuals living in the country, and the income of overseas individuals derived from the country. In some countries, personal income tax is the main tax, accounting for a large proportion of fiscal revenue and having a large impact on the economy.
On August 31, 2018, the decision to amend the Personal Income Tax Law was passed, and the basic deduction standard was adjusted to 5,000 yuan per month, which will be implemented on October 1, 2018[3]. On December 29, 2021, Li Keqiang chaired an executive meeting of the State Council and decided to postpone until the end of 2023 the policy of not incorporating the annual one-time bonus into the salary income of the month and implementing separate monthly tax calculations.[20]
On March 28, 2022, the State Council decided to establish a special additional personal income tax deduction for the care of infants under 3 years old, which will be implemented from January 1, 2022
China during the Republic of China , had introduced salary income tax and securities deposit interest income tax.
In July 1950, the "Tax Policy Implementation Guidelines" promulgated by the Government Affairs Council listed the types of taxes levied on personal income, which was named "salary income tax" at the time. However, due to the low level of productivity and per capita income in our country and the implementation of a low-wage system, although taxes have been established, they have not been levied.
On September 10, 1980, the Third Session of the Fifth National People's Congress passed and promulgated the "Individual Income Tax Law of the People's Republic of China". On December 14 of the same year, with the approval of the State Council, the Ministry of Finance announced the "Implementation Rules for Personal Income Tax" and implemented personal income tax only levied on foreign individuals. [5] my country’s personal income tax system has only been established at this point.
In September 1986, in response to the great changes in personal income in my country, the State Council issued the "Interim Regulations of the People's Republic of China on Personal Income Adjustment Tax", which stipulated that the personal income of its citizens Uniformly levy personal income adjustment tax.
On October 31, 1993, the fourth meeting of the Standing Committee of the Eighth National People's Congress passed the amendment to the "Decision on Amending the Individual Income Tax Law of the People's Republic of China", stipulating that Regardless of whether they are domestic or foreign, all Chinese residents and non-residents with income derived from China are required to pay personal income tax in accordance with the law. On the same day, the newly revised "Individual Income Tax Law of the People's Republic of China" was released.
On January 28, 1994, the State Council promulgated the "Implementation Regulations of the Individual Income Tax Law of the People's Republic of China".
On August 30, 1999, the 11th meeting of the Standing Committee of the Ninth National People's Congress passed the "Decision on Amending the Individual Income Tax Law of the People's Republic of China", which revised the Individual Income Tax Law of the People's Republic of China. The personal income tax exemption item "interest on savings deposits" in paragraph 2 of Article 4 has been deleted, and the "income tax on interest on personal savings deposits" has been introduced.
On January 1, 2002, personal income tax revenue was shared proportionally between the central and local governments.
In July 2003, the Fiscal Science Institute of the Ministry of Finance published a report titled "my country's Resident Income Distribution and Fiscal and Tax Adjustment Policies", which recommended reforming the current personal income tax system and appropriately raising the threshold for personal income tax. tax points, and at the same time adopt a low tax rate policy for the middle-income group.
Personal income tax
Personal income tax
On October 22, 2003, the Ministry of Commerce proposed to cancel the interest tax and increase the personal income tax exemption amount, etc. suggestion.
In early 2005, the Guangdong Finance Department once again conducted research on increasing the individual tax exemption amount in order to provide a reference for the central government to introduce tax reform policies as soon as possible.
On July 26, 2005, Premier Wen Jiabao of the State Council presided over an executive meeting of the State Council on the 26th to discuss and adopt in principle the "Amendment to the Individual Income Tax Law of the People's Republic of China."
On August 23, 2005, the 17th meeting of the Standing Committee of the 10th National People's Congress reviewed the draft amendment to the Personal Income Tax Law for the first time.
On October 27, 2005, the 18th meeting of the 10th National People's Congress Standing Committee reviewed the "Draft Amendment to the Personal Income Tax Law" again, and the meeting voted to adopt the National People's Congress Standing Committee's decision on amending the Personal Income Tax Law. It was decided that the exemption amount of 1,600 yuan will be implemented on January 1, 2006.
On June 29, 2007, the 28th meeting of the Standing Committee of the 10th National People's Congress passed the "Decision on Amending the Individual Income Tax Law of the People's Republic of China". The fourth amendment was made to the Personal Income Tax Law. Article 12 is revised to read: “The introduction, reduction, and suspension of personal income tax on savings deposit interest income and its specific measures shall be prescribed by the State Council.”
On December 29, 2007, the 31st meeting of the Standing Committee of the 10th National People's Congress voted to adopt a decision on amending the Personal Income Tax Law. The personal income tax exemption amount has been increased from 1,600 yuan to 2,000 yuan since March 1, 2008.
In 2008, personal income tax on savings deposit interest income was temporarily exempted.
The "dual salary system" tax calculation method was abolished in 2009.
In 2010, personal income tax was levied on the income obtained by individuals from the transfer of restricted shares of listed companies.
Personal income tax
Personal income tax
On June 30, 2011, the 21st meeting of the Standing Committee of the Eleventh National People’s Congress voted to adopt the national Decision of the Standing Committee of the National People's Congress on amending the Personal Income Tax Law. The personal income tax exemption will be increased from the current 2,000 yuan to 3,500 yuan. At the same time, the current first-level personal income tax rate will be revised from 5% to 3%, the 9-level excessive progressive tax rate will be revised to 7 levels, and the 15% and 40% will be cancelled. Two tax rates, expanding the applicable scope of the two low tax rates of 3% and 10% and the highest tax rate of 45%. This decision will be implemented from September 1, 2011.
On July 22, 2012, relevant departments of the central government have prepared to launch the personal information networking work of local tax systems across the country in 2012 to make technical preparations for the reform of "collecting personal income tax on a family basis". The comprehensive tax system that the industry has been calling for before is expected to be realized in the future.
On March 5, 2018, the first session of the 13th National People's Congress opened in the Great Hall of the People in Beijing. Premier Li Keqiang's government work report pointed out: increase the threshold for personal income tax, increase deductions for children's education, serious illness medical treatment and other special expenses, reasonably reduce burdens, and encourage the people to increase their income through labor and move towards prosperity. [6]
Starting from July 1, 2018, scientific and technological personnel who receive cash rewards for the transformation of job-related scientific and technological achievements can enjoy preferential personal income tax. [7]
On June 19, 2018, the draft amendment to the Personal Income Tax Law was submitted to the third meeting of the Standing Committee of the 13th National People’s Congress for review. This is the seventh overhaul of the Personal Income Tax Law since its introduction in 1980. A fundamental change will usher in: four types of labor income, including wages and salaries, labor remuneration, author remuneration and royalties, will be subject to comprehensive tax for the first time; the threshold for personal income tax will be raised from 3,500 yuan per month to 5,000 yuan per month; for the first time Increase special additional deductions for children’s education expenses, continuing education expenses, serious illness medical expenses, housing loan interest and housing rent; optimize and adjust the tax rate structure and expand the gap between lower tax brackets. [1]
On August 27, 2018, the National People’s Congress Standing Committee’s draft decision on amending the Personal Income Tax Law was submitted to the fifth meeting of the Thirteenth National People’s Congress Standing Committee for review. According to the draft decision, the basic deduction standard is planned to be 60,000 yuan per year, or 5,000 yuan per month, and the new tax rate range from 3% to 45% remains unchanged [2]. On the morning of August 29, the Standing Committee of the National People’s Congress reviewed the draft in groups.
The new personal income tax law is planned to be fully implemented on January 1, 2019. From October 1, 2018 to December 31, 2018, it is planned to first increase the basic deduction standard for wages and salaries to 5,000 yuan/month, and then The new comprehensive income tax rate applies[8]. On August 31, the decision to amend the Personal Income Tax Law was voted and approved at the fifth meeting of the Standing Committee of the 13th National People's Congress. The starting point is determined to be 5,000 yuan per month. The new personal income tax law stipulates that the comprehensive income of a resident individual shall be the taxable income based on the balance of the income in each tax year minus expenses of 60,000 yuan, special deductions, special additional deductions and other deductions determined in accordance with the law. Tax cuts favor low- and middle-income people. The new personal income tax law stipulates that after this revision, some tax rate brackets of personal income tax have been further optimized and adjusted, and the gap between the three low tax rates of 3%, 10%, and 20% has been expanded, and the gap between the 25% tax rate has been narrowed. The gap between the three higher tax brackets of % and 45% remains unchanged. The new personal income tax law came into effect on January 1, 2019, and the latest threshold and tax rate came into effect on October 1, 2018[9].
On February 16, 2019, the relevant departments of the State Administration of Taxation responded to issues related to tax records after the implementation of the new personal income tax law. Zero personal tax declaration does not affect the continuity of tax records. [10]
In February 2019, the Beijing Municipal Finance Bureau and the State Administration of Taxation and the Beijing Municipal Taxation Bureau forwarded the "Notice of the Ministry of Finance and the State Administration of Taxation on the Convergence of Preferential Policies after the Amendment to the Personal Income Tax Law." According to this notice, resident individuals receiving one-time annual bonuses before December 31, 2021 will not be included in the comprehensive income of the year. However, starting from January 1, 2022, resident individuals receiving one-time annual bonuses will be included in the comprehensive income of the year to calculate and pay personal income tax. [19]
On April 1, 2020, the State Administration of Taxation issued the 2019 Annual Comprehensive Comprehensive Income Tax Guidelines for Personal Income Tax. It is your right to apply for a tax refund, and you can waive the tax refund without taking any responsibility. Taxpayers who need to pay back taxes and fail to handle the annual comprehensive income calculation in accordance with the law may face tax administrative penalties and be recorded in their personal tax credit files. If you need to make up for the tax, please pay it before June 30, 2020, otherwise you will face a late payment fee of 50,000 per day. [4]
On July 29, 2020, the State Administration of Taxation: Improved and adjusted the individual tax withholding and prepayment methods for some taxpayers. In order to further support the stabilization and protection of employment, and reduce the tax burden in the withholding and prepayment stage of personal income tax for new employees in the current year, the State Administration of Taxation has improved and adjusted the personal income tax withholding and prepayment methods for those who obtain wages and salary income for the first time in the middle of the year. The "Announcement on Improving and Adjusting the Withholding and Prepayment Methods of Personal Income Tax for Some Taxpayers" was released. The announcement stated that for resident individuals who obtain wages and salary income for the first time in a tax year, when withholding and prepaying personal income tax, the withholding agent can calculate the cumulative deduction based on 5,000 yuan/month multiplied by the number of months of the taxpayer in the current year as of this month. cost. The announcement will come into effect on July 1, 2020. [11]
On December 29, 2021, Li Keqiang chaired an executive meeting of the State Council and decided to continue the implementation of some preferential personal income tax policies. In order to reduce the burden of personal income tax and ease the pressure on low- and middle-income groups, the meeting decided to postpone until the end of 2023 the policy of not incorporating annual one-time bonuses into monthly salary income and implementing separate monthly tax calculations. The second is to extend the tax exemption policy for those whose annual income does not exceed 120,000 yuan and who need to pay taxes or whose annual final tax payment does not exceed 400 yuan until the end of 2023. The third is to extend the separate tax calculation policy for equity incentives of listed companies to the end of 2022. The above policies can reduce taxes by 110 billion yuan a year. [20]
On March 5, 2022, Premier Li Keqiang, on behalf of the State Council, delivered a government work report to the fifth session of the 13th National People’s Congress. The government work report proposes to improve the supporting measures of the three-child policy, include the cost of care for infants under 3 years old as a special additional deduction for personal income tax, develop inclusive childcare services, and reduce the burden of raising children on families. [21]
In March 2022, the State Council decided to establish a special additional personal income tax deduction for the care of infants under 3 years old: 1. The taxpayer’s expenses related to caring for infants and young children under 3 years old shall be calculated on a per-infant basis. There is a standard deduction of RMB 1,000 per month for young children. 2. Parents can choose to have one of them deduct 100% of the deduction standard, or they can choose to have both parties deduct 50% of the deduction standard. The specific deduction method cannot be changed within a tax year.
3. The safeguard measures and other matters involved in the special additional personal income tax deduction for the care of infants under 3 years old shall be implemented with reference to the relevant provisions of the "Interim Measures for Special Additional Personal Income Tax Deduction". 4. The special additional personal income tax deduction for the care of infants under 3 years old will be implemented from January 1, 2022.
What does it mean if each has a first-home loan before marriage, and 50% is deducted after marriage?
What does it mean if each has a first-home loan before marriage, and 50% is deducted after marriage?
Whether each takes a first-home loan before marriage and deducts 50% of it after marriage is a special additional deduction for personal tax. That is to say, both parties purchased a house before marriage. After marriage, both spouses can deduct 50% respectively, or they can The purchaser of one of the houses will deduct 100%. Just fill it in according to the actual situation. If not, the system will default to "No".
In the newly revised tax law that came into effect on January 1, 2019, the threshold for personal income tax payment was increased to 5,000 yuan, and special deductions such as "five insurances and one housing fund" can also be deducted, and special additional deductions are also available. It includes 6 items: children’s education, serious illness medical treatment, housing loan interest, housing rent, continuing education and support for the elderly. Each item has no clear upper limit and cannot exceed it.
The maximum additional deduction for housing loan interest is 1,000 yuan per month. When the taxpayer or his spouse uses a commercial bank or housing provident fund to apply for a housing loan together, the interest expenses on the first home will be deducted from the taxpayer's home loan interest. At the end of the year, a monthly reserve of 1,000 yuan will be deducted. The deduction period is also stipulated, and the maximum cannot exceed 240 months. Taxpayers can only enjoy the first home loan interest deduction once. The couple can agree on who will deduct it. Once the specific deduction method is determined, it cannot be changed within a tax year.
How to deduct special additional deductions
Special additional deductions include 6 items, including housing loan interest, support for the elderly, children’s education, serious illness medical treatment, housing rent and continuing education.
Housing loan interest: The deduction period cannot exceed 240 months, and a maximum of 1,000 yuan can be deducted per month.
Supporting the elderly: The cost of supporting the elderly for an only child is 2,000 yuan per month. For non-girl children, brothers and sisters can share 2,000 yuan, and personal expenses cannot exceed 1,000 yuan.
Children’s education: The monthly deduction standard for each child’s education expenses is 1,000 yuan.
Critical illness medical treatment: The limit is 80,000 yuan per year.
Housing rent: A special deduction of 1,500 yuan a month for housing rent in municipalities, provincial capitals, etc.; a special deduction of 1,100 yuan a month for cities with a population of more than 1 million; and a special deduction of 800 yuan a month for cities with a population of less than 1 million. Special deductions.
Continuing education: The monthly deduction limit for continuing education for academic qualifications is 400 yuan; the maximum deduction for continuing education for professional qualifications for skilled personnel and continuing education for professional and technical personnel is only 3,600 yuan.