It’s time for Tax declaration in Sweden every March: Let’s understand the various deductions a private person is eligible for:
- Interest Deduction: If you have loans in Sweden and you have repaid these loans to the bank, then the interest amount is automatically shown in section 8.1 (Please check the information is correct. Note: CSN loans are not eligible for deduction).
- Double Accommodation: This is a great deduction that many expats are eligible to claim. If you have moved to Sweden for a job and still have an apartment/home in your home country, you need to manually enter this value. If you have questions about this deduction, you can book an appointment with us, and we can help you (or you can call Skatteverket).
- Home Travel: If you have moved to Sweden to work or moved within Sweden to a different place to work, other than where you live with your family, it is possible to claim a deduction for travel to your home (within the EU).
- Automatic Deduction: Akassa fee (25% of the fee), Grundavdrag, and Jobbskatteavdrag are automatically reflected in your income tax document.
- Loss of Capital: If you have incurred losses via mutual funds, stocks, or crypto (outside the ISK account), you are eligible for deduction. Similarly, if you have sold an apartment/house at a loss, you can make a deduction.
- Home Country Loans & Losses: Based on the tax treaty, it may be possible to deduct these in your Swedish income tax. We can help you with this by referring to the tax treaty.
When I was new to Sweden, I needed help with tax declaration as there were so many things to consider as an expat. Now I am on a mission to help expats with private income taxes and personal finance. If you need help with taxes, you can book a meeting here: https://personalfinancesweden.com/appointment-details/?id=11561
Or
We have a recorded video session where we explain how to report and fill in the data for tax reporting online. You can access them here: https://personalfinancesweden.com/video-course/