Autumn is your last chance to apply for a tax adjustment with the Swedish Tax Agency if you think you will pay too much tax and don’t want to wait for a refund. The most common reason is that you have tax deductions for mortgage interest.
However, very few people ask their main payer, such as their employer, to withhold less tax than the amount specified in their tax table, says Johan Schauman, a tax return expert at the Swedish Tax Agency.
"You should know that only a small part of the population does this - not even 100,000 people, which is a bit surprising considering that almost six and a half million people get money back," he tells TT.
No changes
Historically, the Swedish Tax Agency has not seen any major changes either. Tougher economic times, such as when interest rates have risen, have not led more people to choose to apply for an adjustment.
We believe this is because many people don’t even think about the fact that this option exists. Perhaps it’s because a very large proportion of people like getting a few thousand kronor in the spring before the holidays.
Those who do choose to apply for an adjustment, however, need to avoid a number of pitfalls. First and foremost, they must submit complete information and ensure the calculations are correct, Johan Schauman points out.
If the adjustment is to apply to the whole of 2027, the deadline for applications is November 8.
Make an estimate
But it may also be that you are paying too little tax. One example is the municipal property tax that many homeowners have to pay.
It is not deducted from any income, but you have to pay it yourself. Another example is if you have sold shares and made a profit. Even a loss can have an impact, Johan Schauman points out.
The Swedish Tax Agency’s advice is to review your tax returns from previous years to avoid forgetting anything.
But many people have quite a bit of information in their tax return, so applying for an adjustment is not that complicated.
What do you think?