I got my money back! Which tax deduction is more cost-effective to buy a house or rent a house?

It is not easy to make money. Save if you can. At this time of year, everyone's greetings are changed to "How much did you return?" "How much did you pay back?" "I didn't do anything. Why should I pay taxes?" Many people have already completed their tax returns, while others don't know how to do it. Let's talk together today.

Since 20 19, the personal income tax has not only increased the special additional deduction and raised the threshold, but also established a personal income tax system combining synthesis and classification. What is a comprehensive tax system? That is, the personal comprehensive income is consolidated throughout the year, and then the tax is calculated on an annual basis. If the advance payment is higher than the annual settlement, tax refund will be generated, otherwise tax will be paid.

According to the newly revised tax law, the taxable income of each tax is calculated on an annual basis. In addition to the basic deduction of 5,000 yuan and special deductions such as "three insurances and one gold", you can also enjoy special additional deductions such as children's education, continuing education, serious illness medical care, housing loan interest or housing rent, and supporting the elderly.

Therefore, taxable income = monthly income -5000 yuan (threshold)-special deduction (three insurances and one gold, etc. )-special additional deduction-other deductions determined according to law. You can see what you are entitled to deduct.

It will lighten everyone's burden more or less. Many people have mortgage and rent expenses. Let's focus on the mortgage interest and rent related to real estate. The standard names are "housing loan interest" and "housing rent".

For mortgage, you must know that you must be the first suite before you can apply. The deduction standard of mortgage interest expense is 1000 yuan per month, with the maximum deduction of 12000 yuan per year. The longest deduction period is 240 months, which is 20 years. Whether buying a house before marriage or after marriage, you can declare it as long as you enjoy the interest rate of the first home loan. If one party declares,100% will be deducted; Both sides declare that each side will deduct 50%. Of course, a lot of materials and certificates should be prepared before declaration.

Let's look at the rent. Different cities have different standards, which is related to the size of the city. The maximum deduction standard is 1.500 yuan per month. There is no time limit for deduction, and the rent has been deducted. For municipalities directly under the central government, provincial capital cities, cities with separate plans and other cities determined by the State Council, the deduction standard is 1500 yuan per month; In addition to the cities listed in the first item, the deduction standard is 1100 yuan per month for cities with registered population110,000 or more; For cities with a registered population of no more than 6.5438+0 million, the deduction standard is 800 yuan per month.

It is so difficult to buy a house and the monthly payment is so high. Why is the deduction standard of "housing rent" higher than "housing loan interest"? Which is more cost-effective?

Because you can only choose one of the two, you should measure which is more cost-effective. In the first or new line and most provincial capital cities, it is more cost-effective to choose rent deduction, because the rent deduction standard in these cities is higher than that of mortgage, and the loan standard is the same. As for how to choose, it depends on your actual situation.

Some experts explained that the deduction standard of "housing rent" is higher than "housing loan interest", which is the policy inclination given by the state to guide everyone to choose renting when vigorously developing housing leasing business. Bian Xiao didn't quite agree. Although it is oriented, it should be combined with the actual situation. After all, buying a house is more stressful. It doesn't really make much difference to most people.