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Tax Administration sends out next year's tax cards

Next year some taxpayers will benefit from a new electricity deduction, meanwhile other tax rates will be similar to last year.

This year's tax cards will still be in use in January, meaning that the new ones will only be valid from February onwards. Image: Henrietta Hassinen / Yle
Yle News

The Finnish Tax Administration has started sending out next year's tax cards, which are expected to arrive in taxpayers' mailboxes during December and January, the authority announced on Tuesday.

Digital versions of the cards will be available to view on the (siirryt toiseen palveluun) website by 14 December.

The tax cards determine how much tax employers must deduct from people's salaries.

The new cards will be valid from February, with January covered by the tax card used in December. The income limit, however, will automatically reset to zero in January so there is no risk of income-related punitive tax rates.

Electricity deduction among next year's changes

Authorities have introduced some changes in 2023 taxation, including an electricity deduction.

Households will be able to apply for a tax deduction if their total electricity bill from 1 January to 30 April exceeds 2,000 euros.

The deduction, which does not take into account the cost of electricity transmission, will be paid directly to companies, and should be available to view in the electricity bill.

The new electricity deduction will not affect the tax credit for other household expenses (siirryt toiseen palveluun), with deduction rates expected to stay the same as last year.

"The deduction is up to 2,250 euros for home renovations. And if you are paying to switch away from oil heating systems or pay for care services the maximum household deduction is 3,500 euros," Tax Administration expert Tero Määttä told Yle.

The rollout of the social and healthcare services, also referred to as the 'Sote', reform, will prompt an increase in the state income tax, while municipal taxes are expected to decrease. This may affect people's income tax rates, but not too significantly, according to Määttä.

Remote workers also entitled to deductions

Working from home can also earn a tax deduction, according to the 2023 tax code.

The amount will depend on the amount of days spent working remotely. If an employee spends more than half of their working days at home, they can receive a deduction of up to 920 euros. The rates have remained the same as last year.

Any telephone and network connection bills must be deducted separately, however.

"These are working expenses, they don't count towards the remote work deduction, and must be declared as income-generating expenses," Määttä said.

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