You can now make an appointment! Choose between mortgage and rent, don't forget to claim this money.

Changsha Evening News Palm Changsha, February 25 (All-media Reporter Sun Zhanfeng) After the holiday, returning to work also means a big “red envelope”! Starting February 25, the 2025 annual comprehensive individual income tax reconciliation and settlement enters the appointment phase. Among them, the special additional deductions for housing loan interest and housing rent have become the main focus for Changsha wage earners to get refunds this year.

Early on February 25, Mr. Liu, a citizen working at a company in Yuhua District, opened the personal income tax app to schedule his comprehensive income tax reconciliation business for March 1.

“Since 2025, I’ve been paying my mortgage every month. This time, I should be able to get a refund of over a thousand yuan,” Mr. Liu told reporters. In 2024, he used a housing provident fund loan to buy his first home. At the beginning of 2025, he reported his housing loan interest deduction information on the tax app, but at that time, only one or two months’ worth of mortgage interest could be deducted.

According to the policies on special additional deductions for personal income tax (housing loan interest, housing rent), if the taxpayer or their spouse uses a loan to buy a house, the interest paid on the first home loan during the actual loan year can be deducted at a standard amount of 1,000 yuan per month, with a maximum deduction period of no more than 240 months.

For Mr. Liu, the total deduction for 2025 can be 12,000 yuan. At a 10% tax rate, he is expected to get a refund of about 1,200 yuan. “This money isn’t much, but it’s enough to pay a few months of property management fees, which helps reduce household expenses,” Mr. Liu said.

Unlike homebuyers, Xiao Huang, who rents and lives in Tianxin District, just graduated and started working last year. She said she has already prepared her rental contract and plans to make an appointment soon to get her refund “red envelope” as early as possible. According to relevant policies, the rental deduction standard in Changsha is 1,500 yuan per month, with an annual deduction limit of 18,000 yuan in 2025. For someone like Xiao Huang, who rents for only half a year, the preliminary estimate is a refund of nearly 1,000 yuan.

The 2025 personal income tax reconciliation period is from March 1 to June 30, 2026. Taxpayers can make an appointment via the personal income tax app from March 1 to March 20. After March 21, they can file directly without an appointment. When filing, taxpayers do not need to submit paper contracts but should keep copies of housing loan contracts, repayment receipts, rental agreements, and other relevant documents for verification.

Industry experts remind that the housing-related special additional deduction policies are clear and widely beneficial. It should be noted that within the same tax year, mortgage and rent deductions cannot be enjoyed simultaneously. Taxpayers can choose the most favorable option based on their situation. Additionally, taxpayers can only enjoy the interest deduction for the first home loan once. If the loan is paid off early, they should terminate the deduction in time to avoid false reporting risks.

Besides housing-related deductions, citizens can also enjoy five other deductions: childcare for infants under 3 years old, children’s education, elder care, continuing education, and major illness medical expenses. Contributions to social insurance, personal pensions, enterprise annuities, and commercial health insurance can also be deducted according to law. Citizens are advised to verify each item carefully during reconciliation to maximize benefits and fully enjoy policy dividends.

【Author: Sun Zhanfeng】 【Editor: Liu Tianle】

【Source: Palm Changsha】