Sweden Tax Agency Posts Various Tax Deduction Tables for 2024 Tax Year

The Swedish Tax Agency Dec. 11 posted online various tax deduction tables for tax year 2024. Topics covered include: 1) tax deduction rates for lump sums based on the general tax table if the compensation is the taxpayer’s main income; 2) regulations on special tax tables for sickness benefits for taxpayers with ordinary basic deduction and increased basic deduction; 3) regulations on the calculation of income-based tax deductions for both the employment tax deduction and general pension payments; and 4) conditions on calculating tax deductions from income that form the tax reduction. The regulation enters into force Jan. 1, 2024. ...