Dansk
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Dealing with taxes can seem like a daunting task, and many of us look forward to the end of the year without thinking too much about our tax return. But in fact, this seemingly routine task can have major consequences if not handled correctly. Correcting your tax return isn't just a task for accountants and financial experts; it's an important practice for every tax-paying citizen. Here are some reasons why it's crucial to take the time to ensure your withholding statement is correct.
A study from TaxHelper finds that Danes on average have set their interest rates 50% incorrectly. This applies to consumer loans, mortgages, car loans and student loans. And it's not just interest rates that can be wrong. The same study finds that Danes on average have their income set 10% incorrectly, so if, for example, you earn DKK 500,000 a year, it is DKK 50,000 too high or low.
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.
1. Avoid tax and interest payments
One of the most obvious reasons to correct your withholding statement is to avoid tax leakage. If your income changes during the year, your current withholding statement may no longer be correct. If you don't correct it, you risk paying extra tax at the end of the year. Not only can this be an unpleasant surprise, but it can also result in significant interest payments.
2. Planning your finances
By correcting your tax return, you have the opportunity to plan your finances more effectively. If your income changes due to job changes, bonuses or other financial events, an updated tax return can help you understand how these changes affect your tax burden. This allows you to adjust your spending and save more efficiently.
3. Avoid unnecessary tax stress
Let's be honest, dealing with taxes can be stressful, especially if you discover discrepancies or errors at the end of the year and end up with a big tax bill. By correcting your tax return regularly, you can avoid unnecessary stress and ensure you're in control of your tax situation.
4. Get more out of deductions and tax benefits
An accurate tax return allows you to take full advantage of available deductions and tax benefits. If you haven't updated your tax return, you risk missing out on potential savings that you would otherwise be entitled to.
Then TaxHelper+ could be for you! TaxHelper+ works as follows:
Our more than 1,000 members have already received an average of DKK 4,006 more this year.
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.
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