Today, we share with you the individual income tax additional special deductions related to the housing deduction.
Currently, there are additional deductions related to housing2One is the home loan interest deduction for buying a home, and the other is the housing rent deduction for renting a home.
Among them, the housing loan interest deduction first needs to meet the purchase of housing is in China, and is the first housing, the longest deduction period is240Month, as per month1000Yuan to deduct, it should be noted that the taxpayer can only enjoy a first housing loan interest deduction. And this1000The dollar deduction can be purchased by the buyer according to the deduction standard100%The deduction can also be made by both husband and wife to their respective purchase of housing according to the deduction standard50%The specific method of deduction cannot be changed within a tax year.
The rent deduction is generally based on the location of the rental as the standard deduction, municipalities directly under the Central government, provincial capitals (capital cities) are generally1500Yuan a month, the city district registered population exceeds100Ten thousand cities in accordance with1100Yuan per month, not more than100Ten thousand cities, the standard deduction is monthly800Yuan. The deductible party is deducted by the tenant who signs the rental housing contract. If both husband and wife mainly work in the same city, only one party can deduct the housing rent expenditure.
In addition, it should be noted that taxpayers who buy houses and rent houses and their spouses cannot enjoy special additional deductions for housing loan interest and housing rent at the same time in one tax year.
For example, if Wang buys his first house and rents a house in Chengdu, he can only choose one of them for deduction this year. If Wang chooses to deduct the interest of housing loan, the deduction will be made1000Yuan monthly deduction, the annual additional deduction can be deducted income12000Yuan, but his rent expenses can no longer be deducted from his income.
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