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Income Tax in Japan: Home Loan Deduction

If you take out a home loan in Japan, you may be able to reduce your taxes.

If you’ve taken out a home loan, you could be eligible to claim a deduction with your income tax return.

One of the major requirements in order to be eligible is to have started living in that home within 6 months after purchase or after the home was built.

The maximum amount of the deduction is usually 1% of the end balance of your loan.

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