Judging from the amount of deduction alone, renting a house according to the highest deduction grade is relatively more cost-effective than mortgage deduction.
The maximum deduction for renting a house is 1200 yuan per month, but it is divided into three grades according to the city of residence: 1. Municipalities directly under the central government, provincial capital cities, cities with separate plans and national monthly 1200 yuan; 2. Municipal households 1000 yuan; 3. The registered population of the municipal districts shall not exceed.
Whether it is a house bought by taxpayers and spouses before marriage or a house with the interest rate of the first home loan after marriage, you can declare the deduction. The declaration method can be declared by one party, that is, 100% deduction; It can also be declared by both parties, that is, each party deducts 50%.
2. Can I deduct a tax after the mortgage is paid off in advance?
After the loan is paid off in advance, you can't deduct the tax. Only the housing loan can be used for tax deduction, and the first home loan must still be repaid. When the user applies to pay off the loan in advance, then there is no need to repay the loan in that year, and the tax deduction period needs to be revised. The mortgage that has been paid off after revision cannot be used to deduct the tax. If it is not paid off in advance, it will be deducted according to the standard quota of 1000 yuan per month, and the longest deduction time will not exceed 240 months. Extended data:
Mortgage Deduction of Individual Tax: In 20 19, the state introduced a new policy for individual tax, in which a special additional deduction was added, which means that the user's income can be calculated after deducting the expenses of children's education, continuing education, serious illness medical expenses and housing loans. The so-called mortgage deduction tax means that when calculating personal income tax, the group with outstanding mortgage can deduct mortgage interest first, and then take the remaining income as taxable income. However, the mortgage deduction of individual tax is not directly deducted from the mortgage interest and individual tax, but takes the mortgage interest as a pre-tax deduction, and makes a special deduction first, just like the five insurances and one gold, and then calculates the individual tax. What's more, the current method is fixed deduction, which means that no matter how much mortgage you need to repay every month, the amount deducted by everyone is 1000 yuan. However, in 20 18, the tax threshold was raised from 3500 to 5000, so the mortgage tax deduction will benefit high-income people more than low-income people. The first step: after the introduction of the new tax policy, the State Administration of Taxation also launched a brand-new personal income tax system. You can download the personal income tax APP directly on your mobile phone and declare it through the APP. Step 2: After downloading the personal income tax APP, you need to complete the identity registration first. After registration, you can directly see the special additional deduction on the homepage of the APP, and click "Housing Loan Interest". Step 3: Click on "housing loan interest", and the prompt page will pop up directly, prompting you to prepare the relevant supporting materials. After you know it clearly, click "Enter to fill in the form". Step 4: After "Fill in", you need to fill in your personal information, confirm your email address and contact address, and then click "Next". Step 5: Fill in the relevant information of housing loan, such as what stage it is at, when the loan contract started, where the house address is, etc. After filling it out, click "Next". Step 6: Fill in the spouse information. If there is no spouse, this step can be skipped. Step 7: Choose your own "deduction ratio", which is generally 100% self-deduction and 50% average deduction with your spouse. Step 8: After selecting "Deduction Proportion", you need to choose how to declare the deduction. You can choose to declare it through the withholding agent or declare it yourself every year. Generally, you can choose "declare through withholding agent", that is, the unit will withhold and declare on your behalf, and the unit will help you automatically declare and deduct when paying wages. Step 9: After selecting "Withholding Agent's Declaration", select the company to join, and finally click "Submit". You can also directly bring the relevant documents to the nearby tax service hall to fill in the paper form, and then hand it over to the enterprise financial personnel.
3. Which is more cost-effective to repay the loan in advance by commercial loans or to pay salary tax?
It was supposed to be repaid in more than half a year, but now it takes more than one year for the policy to repay the loan in advance, because the bank also has to pay the employee, who has to pay interest for one year.
Of course, you can also pay liquidated damages, which is basically the amount you repay every month. For example, if your loan is repaid at 5,000 yuan per month, you can pay 5,000 yuan. If it is repaid at 1 thousand, you will pay 1,000 yuan. Generally, banks are like this. Maybe you can ask, and if you want to repay the loan in advance one year, you should make an appointment one month in advance. Of course, some intermediaries will let you be cruel to the president.
If the annual interest is 1 10,000, and your monthly repayment is 3,000, you might as well pay 3,000 for the breach of contract, saving 7,000. Anyway, you can return what you are afraid of. If you go through the formalities, you just need to bring the bank loan contract and your ID card.
4. Which is more economical, to repay the loan in advance or to offset the tax?
Yes, you can calculate how much interest you have on the amount you are going to prepay, and then calculate how much money you can deduct if the money is used to deduct taxes. After these two amounts are calculated, you can judge whether it is appropriate to prepay or deduct taxes, but the interest on the loan is really high.