2023 is fast approaching, and when the year’s first salary payment arrives in January, it may pay to get the tax deduction correct.
Consumer economist Hallgeir Kvadsheim points to several things that will affect your tax in 2023.
– The tax authority takes the tax return from 2021 as a starting point and there is a lot that is different.
In particular, he points out that in the coming year it is important to keep an eye on the interest rate, and to update about conditions that you, as a private person, have a better overview of than the Tax Agency.
DIFFERENTLY: Hallgeir Kvadsheim points to several things that will affect tax in 2023. Photo: Frode Sunde / TV 2
– If you have taken out large loans in 2022, or got rid of loans, it can have a big impact on your tax. Then it is important to change it yourself, so check what is stated there now.
Divisional director of the Swedish Tax Agency, Marta Johanne Gjengedal, encourages everyone to change their tax card now before the New Year.
– It affects your finances if the tax card is incorrect. Both this year and next year, there will be major changes in the economy, in interest rates and in the development of interest rates on loans.
How to change the right way
According to the Swedish Tax Agency, the most important thing is to check that income and debt are stated correctly in the tax card.
CORRECT SALARY: The tax authorities encourage you to change your tax card now so that it is correct at the first salary payment. Photo: The Swedish Tax Agency
- Find payslips and an overview of your debt.
- Go through the list point by point and check that it matches the documents.
- Ask the bank for help. If you don’t have an overview of debt and interest, the bank does.
- The tax authorities have explanations on their websites about terms, and detailed procedures for how they calculate their forecasts.
Consumer economist Kvadsheim has a simple way to calculate the interest rate for the coming year.
He states that in December the approximately correct interest rate will be calculated.
– A simple way to calculate the interest rate is to multiply the interest rate in December by 12. Then it is not so difficult to calculate. You can then enter that amount in your tax card.
More will follow
Gjengedal in the Swedish Tax Agency states that people are more concerned about their tax card this year than last year.
– Around 20 per cent more than last year have already checked and changed their tax card, she says.
She states that they only receive bank details once a year, and that you yourself have to follow the latest interest rate changes.
– We expect that many more will follow the tax card in 2023 due to interest.
