1. After the application for special additional deduction of personal income tax is submitted successfully, it can generally be approved within one or two working days.

2. Legal basis: Operation Measures for Special Additional Deduction of Personal Income Tax (Trial) issued by State Taxation Administration of The People's Republic of China Article 2 Taxpayers shall enjoy special additional deductions for their children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent, and support for the elderly, and shall be handled in accordance with the provisions of these Measures.

How long will it take to apply for the special additional deduction policy for mortgage interest?

Effective immediately.

The maximum additional deduction period for housing loan interest is no more than 240 months. Taxpayers can only enjoy a first home loan interest deduction.

Generally, in the year when the loan interest actually occurs, it is deducted according to the standard of 1000 yuan per month.

The starting and ending time of deduction is from the month when the loan contract begins to repay to the month when the loan is fully repaid or the loan contract is terminated. As for the method of deduction, both husband and wife can choose to be deducted by one of them by agreement (the specific method of deduction cannot be changed within a tax year).

According to Article 14 of the Interim Measures for Special Additional Deduction of Individual 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 from 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.

As agreed by both husband and wife, one of them can choose to deduct, and the specific deduction method cannot 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.

Provisions on relevant requirements for special additional deduction of individual income tax;

1. When a taxpayer enjoys the special additional deduction for the first time, it shall submit the relevant information of the special additional deduction to the withholding agent or the tax authorities, and the withholding agent shall timely submit the relevant information to the tax authorities, and the taxpayer shall be responsible for the authenticity, accuracy and completeness of the submitted information. Where the special additional deduction information changes, the taxpayer shall provide relevant information to the withholding agent or tax authorities in a timely manner.

2. If the withholding agent finds that the information provided by the taxpayer is inconsistent with the actual situation, he may ask the taxpayer to correct it. If the taxpayer refuses to amend it, the withholding agent shall report it to the tax authorities, which shall handle it in time.

Mortgage, also known as house mortgage. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the registration and notarization of real estate mortgage according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.

housing loans

Personal housing loan refers to the loan issued by the bank to the borrower for purchasing ordinary housing for personal use. The borrower must provide a guarantee when applying for a personal housing loan. Personal housing loans mainly include entrusted loans, self-operated loans and portfolio loans. entrusted loan

Entrusted loans for individual housing refer to loans issued by banks to individuals who purchase ordinary housing according to regulations, and the source of funds is housing provident fund deposits. Also known as provident fund loans.

How long does the declaration of special additional deduction of mortgage interest take effect?

The special additional deduction will take effect from 20 19 10 10/day, and the wages and salaries obtained after 20 1 9 1 0/01day can be obtained.

Reply time: 2022-0 1-07. Please refer to the latest business changes announced by Ping An Bank in official website.