For those who want more to move around with every month, balancing can be an option.
For example, those with large mortgages can deduct the interest costs each month – instead of getting a lump sum back later.
New figures from the Swedish Tax Agency show that a record number of people applied for adjustment for 2024.
November 19 was the last application day to apply for adjustment if you want to be sure of getting adjustment from January 2024.
Applications to the Tax Agency poured in over the weekend – and now the Swedes have applied for an adjustment for over one billion kroner.
If you have received a decision on equalization from the Swedish Tax Agency, they forward the information to the employer, who then deducts less tax each month. It makes it easier if you have difficulty meeting current expenses.
Clear trend for mortgages
Before 2023, just over half applied for income adjustment. Now 85 percent are seeking adjustment for interest costs, the Swedish Tax Agency’s latest figures up to 19 November show.
The expensive mortgage costs are the main reason.
Since May 2022, the Riksbank has raised the key interest rate from 0 percent to 4 percent, and the average interest rate for mortgages at the banks has approached 5 percent.
More are looking for adjustment
It is possible to apply for adjustment at any time of the year, but those who applied before November 19 must receive a decision on adjustment before the end of the year.
So far, 12,335 people have applied for adjustment for 2024, and the number may still increase. That is significantly more than during the low-interest years of 2020-2021, when around 8,000 sought adjustment for the coming year.