SAT: how to deduct interest on your Infonavit credit on the Annual Return

From 1 to 30 April, individuals may file their Annual Return with the Tax Administration System (SAT). One of the deductions they can make when taxing income tax (ISR) and which will help reduce the amount of taxes, is that of mortgage loans granted by the Institute of the National Housing Fund for Workers (Infonavit).

As stipulated by the Ministry of Finance and Public Credit (SHCP), the real interest that can be deducted is obtained from the difference between the interest you paid during the year on your mortgage loan minus the inflation rate, which in March was 7.45%, according to the latest data published by the Institute National Statistics and Geography (Inegi).

For example, if the Infonavit mortgage loan that a taxpayer seeks to deduct is 1 million pesos, with an interest rate of 12.5%, by subtracting the percentage of the last inflation record, it would be 5.05%, which would allow the interested party to deduct interest of up to 50,500 pesos.

Taxpayers who want to take advantage of this benefit will have to go to the official Infonavit website or click this link. After logging in, taxpayers and workers with a mortgage loan will have to click on the “My Infonavit Account” button, enter their username and password, and follow these steps:

1. Access the “My Credit” tab

2. Select the option of “Proof of Interest”

3. Choose the fiscal year you want to view from the tab at the top right of the website

4. Press the “Consult” button

5. Download or print the document

If you have any questions on the part of taxpayers, they can contact the telephone number 800 008 3900 or Infonatel.

It should be noted that the institute recalled that those persons or rights-holders who do not yet have their account to access the Infonavit website, must activate it in the option “I want an account”, entering the following data:

1. Social Security Number (NSS)

2. Unique Population Registration Key (CURP)

3. Federal Taxpayer Registry (RFC)

If the person interested in carrying out the procedure does not have their NSS at hand, they can obtain it at the following link: https://serviciosdigitales.imss.gob.mx/gestionAsegurados-web-externo/asignacionNSS. After entering the CURP, you will need to follow this procedure:

1. Go to your email inbox and check if you received a confirmation link in your email.

2. Once the email is received, click on the link that contains the caption “Request for Assignment or NSS Localization” and it will automatically take you to the official IMSS website, where your NSS will appear.

In case of clarification or doubt, IMSS made available to users the telephone number 800 623 23 23, with option 1. Opening hours are Monday to Friday from 8:00 a.m. to 8:00 p.m., and Saturday and Sunday from 8:00 a.m. to 2:00 p.m.

The NSS will also be available in the IMSS Digital app, available for Android and Apple devices. With the same application, appointments or clinical changes may also be made, for which the rightful holder must click on the procedures section.

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