Deductions – what kind of tax deductions can I get?

You may be entitled to several different deductions and credits that reduce the total amount of taxes you must pay. Some deductions are given you by the Tax Administration in an automated process. Other deductions are not given you unless you submit a claim. A simple way to claim deductions is enter data concerning your upcoming tax-deductible expenses when you ask for a revised tax card. Alternatively you enter the expenses in a deduction claim when you file your tax return.

You can file deductions in MyTax by requesting a new or revised tax card. In that way, you will benefit from the deduction immediately. You can also file deductions for the following spring’s pre-completed tax return.

How to file deductions in MyTax

Are deductions subtracted from my income or taxes?

The effect of deductions depends on whether they are subtracted from your income or taxes.

  • The credit for household expenses, the credit due to child maintenance obligation and the effect of income spreading, for example, are subtracted directly from your taxes. In other words, they reduce the amount of tax you must pay.
  • Travel expenses and expenses for the production of income, on the other hand, are subtracted from your income before the calculation of tax. In other words, they reduce the amount of income subject to tax, which indirectly reduces the total amount of tax.

Deductions made directly from tax (tax credits) have a greater impact than deductions made from income.

Page last updated 6/20/2024