Core Viewpoint - The article discusses the process for taxpayers to correct discrepancies in their housing loan interest deductions in the personal income tax app, particularly focusing on ensuring that the loan contract numbers are consistent across different years [1]. Group 1: Taxpayer Guidance - Taxpayers can only enjoy the housing loan interest deduction for one primary residence loan, which must be verified in the app from 2019 to 2024 [1]. - It is essential to check if the same property is reported and if the loan contract numbers are consistent, including formatting issues [1]. - If discrepancies are found, taxpayers should modify the loan information in the app [1][4]. Group 2: Modification Process - The modification process involves several steps: accessing the app, finding the housing loan interest section, and entering the correct loan contract number [2][7]. - If errors persist after modification, the incorrect year must be voided and re-entered [5]. - Taxpayers must upload supporting documents, such as the loan contract and bank loan information screenshots, after confirming the modification [8].

Core Viewpoint - The article discusses the handling of housing loan interest deductions in the 2024 individual income tax reconciliation process, particularly focusing on the conditions under which these deductions can be claimed or need to be modified [3][4]. Summary by Sections Policy Basis - The policy for housing loan interest deductions is based on the State Council's notice, allowing taxpayers to deduct interest on first home loans at a standard rate of 1,000 yuan per month for a maximum of 240 months [3]. Verification Mechanism - Tax authorities have established a verification mechanism to check whether taxpayers' housing loan interest information meets the necessary conditions [4]. Handling Different Situations - **Situation 1**: If the loan does not qualify as a first home loan, the taxpayer must void the previously registered deduction information and proceed with the 2024 tax reconciliation [6][7]. - **Situation 2**: If the loan qualifies as a first home loan but has been paid off, the taxpayer must modify the registered deduction before proceeding with the 2024 tax reconciliation [9][10]. - **Situation 3**: If the loan qualifies as a first home loan and is still outstanding with correct information, the taxpayer can continue with the process [14].

Core Viewpoint - The article discusses the recent notifications received by taxpayers regarding the failure of housing loan information verification for the year 2024, and provides guidance on how to resolve these issues. Group 1: Verification of Information - Taxpayers are advised to verify and ensure the accuracy of their reported information related to housing loan interest deductions [3][4][10]. - It is emphasized that the special additional deduction information must be submitted annually [9][10]. Group 2: Modification of Information - Taxpayers have the option to modify their previously submitted housing loan interest deduction information if necessary [6][10]. - The article outlines the steps for modifying basic information, loan details, and deduction ratios [10][11]. Group 3: Submission Process - The article details the process for submitting annual income tax returns, including the need to check previous submission records [17][18]. - Taxpayers are encouraged to contact the tax service hotline or their tax department for assistance if issues persist after following the outlined steps [18].

Core Viewpoint - The National Taxation Administration of China has clarified that individuals who convert their second home loans to first home loans can continue to enjoy tax deductions on housing loan interest, following the new policy of "recognizing homes, not loans" [1][4]. Group 1: Policy Changes - The new policy allows individuals to change their second home loan status to first home loan status, enabling them to benefit from lower interest rates and tax deductions on loan interest [1][5]. - Taxpayers can continue to enjoy the housing loan interest special deduction if they replace their existing loans under the new guidelines, as long as the property remains the same [3][4]. Group 2: Tax Deduction Details - The housing loan interest special deduction allows for a monthly deduction of 1,000 yuan, with a maximum deduction period of 240 months, totaling up to 240,000 yuan over 20 years [4]. - Individuals who have not previously enjoyed the housing loan interest special deduction can start benefiting from it from the month they begin repayments at the first home loan interest rate [4]. Group 3: Market Implications - The policy is expected to lower the basic living costs for residents and support continued home ownership, which may prevent disorderly selling and early loan repayments [4]. - The reduction in housing holding costs is anticipated to positively impact housing demand in the second quarter and beyond [5].