Now everyone with a digital mailbox has received their declaration notice and many are probably eager to quickly approve without any changes in order to receive the money already in April. But keep a little ice in your stomach and think carefully about whether there are any deductions you may actually be entitled to, advises the comparison service Compricer’s savings economist Christina Sahlberg.
– Review how your year has looked and see if you can make any deductions. Because of course it is better to have a little more money back at midsummer than a little less money a month earlier, she writes in one post on the site.
Christina Sahlberg Savings Economist Compricer
Christina Sahlberg Savings Economist Compricer
Photo: Eric Josjö/Compricer
Most common deductions
Deficit of capital, wifi in the home, standard deduction for home office. The deductions you can make are many – and in many cases tricky. But there are a few deductions that every Swede is entitled to. Comppricer has listed seven of the most common tax deductions we Swedes make:
• Interest rates
The interest deduction is printed in the declaration and therefore not something you need to regulate yourself. Interest up to SEK 100,000 reduces the tax by 30 percent of the interest expense. For amounts above that, 21 percent applies.
• Root and root
You may be entitled to a basic deduction of 30 percent of the labor cost up to 50,000 per person and 50 percent for household services for a maximum of 75,000 per year. The maximum deduction for root and root together is SEK 75,000 per person and year.
• Green technology
You can get a tax reduction of 20 percent for materials and installation of green technology for a maximum of SEK 50,000 per person per year.
• Housing sales
If you sold your home at a profit last year, the profit tax is 22 percent – however, you can defer it interest-free if you bought a more expensive home. If you sell your home at a loss, you can instead receive a tax reduction of 30 percent on half the loss, but no more than SEK 100,000. Anything above that is a 21 percent reduction.
• Service pension
If you are self-employed or if your workplace does not pay an occupational pension, you can save privately. You can make a deduction for that – something that must be printed in the declaration.
• Travel deduction
Under certain conditions, you can make travel deductions for expenses that exceed SEK 11,000. For cars, the distance between work and home must be at least five kilometres, for public transport the distance must be at least two kilometres.
• Allowances
If you have increased living expenses in connection with a business trip, you can receive an allowance. If your workplace does not pay allowances, you can deduct the Tax Agency’s standard amount
• Securities
If you have sold shares, funds or other market-listed securities during the year, you must tax 30 percent on the profit. However, if you have losses, you can set off the winnings. And if you only sold at a loss, you can get a tax reduction on your service income.
Dates to keep an eye on
On March 19, the e-service opens and everyone with e-identification can then log in and declare. Those who approve their declaration digitally without changes by April 3 will receive any tax refund between April 9 and 12.
Between March 15 and April 15, the Tax Agency sends out the declaration form for everyone who does not have a digital mailbox. Between 4 and 7 June, any refund will be paid out.
Here are the dates to keep an eye on this spring
March 3rd: Last day to get a digital mailbox.
March 4–8: The declaration appears in the digital mailbox as a pdf file. It is also available as a pdf at the Swedish Tax Agency for those who have registered a digital mailbox.
March 19: The declaration opens and it is possible to approve it with e-identification via the Tax Agency’s website.
April 3: Last day to approve the declaration to receive the final notice and possible refund in April. However, it is required that no changes have been made.
April 9–12: Praise God – now the tax refund comes to the person who approved the return digitally, without changes or additions.
March 15–April 15: The declaration is distributed to those who do not have a digital mailbox.
May 2: Last day to declare if you received the document by post.
June 1–7: Refund on the account of the person who declared no later than May 2 and had the declaration approved.
Anyone who has taxes to pay must be aware of these dates; June 12 is the last day for those who received a final notice in April and September 12 for those who received a final notice in June.