Individual tax deduction standard for housing provident fund loans

Housing provident fund is paid according to a certain base and proportion, and personal income tax is calculated after deducting housing provident fund and social security from wages. The base of provident fund payment is calculated according to the average salary of employees in the previous year.

Deduction standard of individual tax housing loan: Deduct according to the standard of 1000 yuan per month, and the longest deduction period shall not exceed 240 months. Deduction condition of individual tax housing loan: 1. Taxpayers or their spouses use individual housing loans or housing accumulation funds of commercial banks alone or jointly to purchase housing for themselves or their spouses in China; 2. Interest expense of the first home loan; 3. The year when the loan interest actually occurs. Note: 1. The term "first home loan" as mentioned in these Measures refers to the home loan that enjoys the interest rate of the first home loan when buying a house. 2. As agreed by both husband and wife, one of them can choose to deduct, and the specific deduction method shall not be changed within one tax year. 3. For the first set of housing loans incurred when the husband and wife buy houses separately before marriage, one set of houses purchased after marriage can be selected and deducted by the purchaser according to the deduction standard of 100%, or deducted by the husband and wife according to the deduction standard of 50% respectively, and the specific deduction method cannot be changed within one tax year.

What is the special additional deduction standard for individual tax housing loans?

If taxpayers or their spouses use individual housing loans or housing accumulation funds of commercial banks alone or jointly to purchase housing for themselves or their spouses 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.

The personal income tax deduction standard for housing loans is 1 1,000 yuan/month. You can choose to deduct 1 0,000% by yourself or 50% by your spouse. Deduction standard: RMB 1 1,000 per month, which can be deducted according to the proportion of the main lender 1 1,000%, or half of the deduction can be made by both husband and wife, and each person can deduct 50%. The special additional deduction for personal income tax refers to six special additional deductions for children's education, continuing education, serious illness medical treatment, housing loan interest or housing rent, and supporting the elderly as stipulated in the personal income tax law.

Legal basis:

"Interim Measures for Special Additional Deduction of Individual Income Tax in People's Republic of China (PRC)" (hereinafter referred to as "Interim Measures") 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 1 000 yuan per month in the year when the loan interest loss 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.