Russia Mortgage Interest Tax Deduction Calculator

Russia offers an имущественный налоговый вычет (property tax deduction) on mortgage interest: 13% of all mortgage interest paid is refunded from income tax, on a maximum of ₽3,000,000 of total interest over the life of the loan.

Maximum total benefit: ₽390,000 (13% × ₽3M). This is a lifetime cap — not per year. Annual saving = 13% of interest actually paid that year, until the ₽3M cumulative cap is reached.

• Only for your primary residential property — not investment or commercial property
• The mortgage must be from a Russian bank or credit organization
• You must be a Russian tax resident paying 13% NDFL (personal income tax)
• The ₽3M cap applies per person — joint owners can each claim ₽390,000 max
• The deduction on the underlying property purchase cost is separate (up to ₽2M principal, capped at ₽260,000 refund)

Via FNS (tax office): File a 3-НДФЛ declaration the year after interest was paid. Provide the mortgage agreement, payment schedule, and bank certificate of interest paid. Refund arrives within 3 months of filing.

Via employer: Obtain a notification of deduction right from the FNS, then provide it to your employer who reduces your monthly NDFL withholding.

Can I claim both the property purchase deduction and the interest deduction?
Yes — they are separate. The purchase deduction (up to ₽260,000) and the interest deduction (up to ₽390,000) can both be claimed on the same property, for a combined maximum benefit of ₽650,000.

Is BeastyTax free?
Yes, completely free — no account, no hidden costs.