There are three levels of special additional deduction standards for housing loans.

For municipalities directly under the Central Government, provincial capitals (capital) cities, cities under separate state planning and other cities determined by the State Council, the deduction standard is 1,500 yuan per month; except for the cities listed in the first item, for cities with a registered population of more than 1 million in municipal districts, the deduction standard is 1,500 yuan per month.

1,100 yuan; for cities with a registered population of less than 1 million, the deduction standard is 800 yuan per month.

In the year in which loan interest is actually incurred, a standard fixed amount of RMB 1,000 per month will be deducted, and the deduction period shall not exceed 240 months.

Upon agreement by both spouses, one of the spouses can choose to have the deduction made, and the specific deduction method cannot be changed within a tax year.

For the first housing loan that the couple purchased separately before marriage, the loan interest expenses can be deducted by the purchaser at 100% of the deduction standard for one of the houses purchased after marriage.

They are deducted at 50% of the deduction standard, and the special additional deduction for housing loan interest is in the form of fixed deductions.

The specific deduction method cannot be changed within a tax year.

Legal basis: According to the "Interim Measures for Special Additional Deductions for Individual Income Tax", Article 14: The taxpayer himself or his spouse, alone or together, uses a commercial bank or housing provident fund personal housing loan to purchase a house in China for himself or his spouse.

The interest expenses incurred on the first home loan shall be deducted at a standard fixed amount of 1,000 yuan per month in the year in which the loan interest is actually incurred, and the deduction period shall not exceed 240 months.

Taxpayers can only enjoy a one-time deduction for interest on their first home loan.

The term “first-home loan” as mentioned in these Measures refers to a home loan that enjoys the first-home loan interest rate for purchasing a home.

Article 15: Upon agreement by both spouses, one of the spouses can choose to deduct the amount. The specific deduction method cannot be changed within a tax year.

For the first housing loan that the couple purchased separately before marriage, the loan interest expenses can be deducted by the purchaser at 100% of the deduction standard for one of the houses purchased after marriage.

The deduction is based on 50% of the deduction standard respectively. The specific deduction method cannot be changed within a tax year.

Article 16: Taxpayers shall retain housing loan contracts and loan repayment vouchers for future reference.