Many Danes look forward to receiving their tax refund from SKAT at the end of the tax year. But how can you make sure you get the maximum amount back and avoid a tax penalty?
In this article, we will take a closer look at how you can optimize your taxes and get more money back in tax. We will also give you some tips on how to avoid tax loopholes and explain when you can expect to receive your money from SKAT.
It only takes 15 minutes to try TaxHelper and you'll get an average of DKK 2,704 extra back in tax
At the same time, you only pay if you get a tax saving.
If you want to get more money back in tax, it's important to make sure you have all your deductions. Deductions can be anything from interest expenses on your loans to work-related travel expenses. If you bought or sold a home in the past year, you may also be able to deduct many of the expenses related to your loans.
Here are some of the most overlooked deductions that can help you get a tax refund:
These are just some of the ways you can get a tax refund.
A tax gap can occur if you have paid too little tax during the year. This may be because you have not declared all your income and deductions correctly, or because you have changed your deductions during the year without changing your advance information.
To avoid a tax penalty, it is important to check that your advance payment information is correct. If your situation has changed during the year, for example if you have a new job or bought or sold a house, make sure you change your advance payment details to reflect your current situation.
You can't just lower your expected income to avoid a tax cut. If you want to be even more sure of avoiding a tax cut, you can also adjust your income. However, not everyone has to set it lower than they expect (the figures below for 2022):
You can expect to receive your money from SKAT during the month of April if you have reported all your information correctly and have not received a tax credit. If there is anything that SKAT needs extra information about, it may take longer before you receive your money.
In TaxHelper, we help you find the deductions you're entitled to. You answer a few simple questions that take just 15 minutes to complete.
Then we report the deductions, and you get an extra DKK 2,704 back in tax. At the same time, you only pay if you get a tax saving.