There is a declaration fever in many Swedish households right now. If you have borrowed money from a credit institution, or another person, there may be deductions in the declaration for you to do.
The vast majority have now begun to receive their declarations regarding the income year 2024.
In 2025, several things have changed, which will be noticed in many declarations. For starters, the root and RUT deduction has been increased during the last half of 2024 from SEK 50,000 to SEK 75,000.
– In addition to the increase in the amount during the last half of 2024, the same rules apply as before the amount increase, the Swedish Tax Agency has Emelie Köhn Said to News24.
Another change is that the authority can now collect important information about your income from digital platforms, for example if you have sold gadgets on auction sites or rented out a property.
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Kronofogden: Then you may be entitled to debt deduction in the declaration 2025
Kronofogden urges on his homepage Those who have debts to find out what may apply to them, because they may be entitled to make a debt deduction in the declaration in 2025.
“If you have had debts, you may be entitled to deductions, but this only applies to debts to companies and private individuals,” they write.
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Declaration 2025: This applies if you borrowed money from someone else
To find out what applies to indebted people, News24 has talked to the Swedish Tax Agency’s declaration expert, Johan Schauman. He believes that in most cases there are already filled information about any liabilities or interest rates in the declaration.
– For almost all interest rates that are paid, they are made with credit institutions who are obliged to report the information and therefore the control data are completed in the declaration already. If you borrow from other than credit institutions, however, there may be situations where there is no control data and then it is important that the other person addresses the interest rate in their declaration, if it is deductible. Most of it is filled in for almost everyone, but there may be situations when you need to make adjustments, he says.
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How much deduction can be made in the declaration in 2025?
Schauman emphasizes that you may need to make distributions in the interest deduction if, for example, you have taken out a loan with one or some other people.
– How much deduction can you do? Really, however, there is no restriction. If you put together all capital income, losses and expenses and there will then be a deficit that shows 100,000, you get a tax reduction of 30 percent, ie SEK 30,000, he says and adds::
– If it turns out that you have a larger deficit than 30,000, there will be a lower reduction lower than 30 percent, then 21 percent instead. Then you lose that deficit which can be advantageous to distribute between each other if you have taken out loans together. But it can be good to know that it is better that the person with the large capital income makes the deduction in the declaration.
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It becomes important in the declaration 2025
If you have a joint loan, you need to be vigilant if any of the parties get a deficit greater than 100,000, then the reduction will not be as great. However, if both parties who have taken the joint loan fall below 100,000, it does not matter how to distribute the deduction as the reduced effect arises for both parties, he explains for News24.
Finally, you can never get tax reduction more than the tax you pay. If you have no tax left to get off, interest rates will not be useful as you cannot move a total deficit that will be left over to a coming year, he says.
– However, it will be a pseudo situation since a person rarely has such high interest payments so it eats up all the tax we ever pay, he says and ends by adding:
– If you pull off your expense for debt rate and have paid interest to someone else, then disregard that person that it has actually taken up the interest in its declaration so it will be right. If the deficit is larger than 100,000, it is extra important in the declaration this year when interest rates were extra high 2024.
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