housing loan tax deduction
A specific Japanese tax incentive that allows homeowners to deduct a portion of their mortgage interest or principal from their income tax. Often discussed in the context of annual tax returns or year-end adjustments.
To receive the housing loan tax deduction, you need to file a tax return.
The housing loan tax deduction system has been expanded starting this year.
Synonym often used interchangeably in official contexts. 減税 emphasizes a reduction in tax, while 控除 is the technical term for deduction.
Refers to the housing loan itself, not the tax benefit.
Compound of 住宅 (housing), ローン (loan), and 減税 (tax reduction).