Now SKAT has opened the preliminary income assessment for 2021, and especially this year it pays off to check it due to the effects of corona.

The 2020 annual return (Danish: “årsopgørelsen”) will be upon us soon. If you want to avoid paying residual tax, here are 4 things you can’t miss on your annual return this year.

If you have bought or sold your home in the last few years, then there are several deductions to be aware of that are not automatically reported to SKAT.

If you are divorced or left a previous partner, you have probably already come across child support. But not everyone knows that you can actually get deductions for it.

If you’re divorced, you’ve probably already come across alimony or spousal support (Danish: ‘ægtefællebidrag’). But not everyone knows that you can actually get a deduction for the alimony you pay.

The deduction for a home office is a rare deduction. So what it takes to get it, we will go through in this article as well as an approved example from SKAT.

The deduction for losses on companies is relevant for those who have started or owned shares in a company (that is not listed on a stock exchange). And there can be a lot of money to be made here.

The deduction for loans with 3 or more borrowers is a rather unknown deduction. This applies if you have taken out a loan at, for example, at a bank where you are 3 or more people.

The deduction for private loans is a fairly unknown deduction. This applies, for example, if you have borrowed money from family, friends or other private individuals.

The deduction for common loans is a rather unknown deduction, but one many Danes can benefit from especially in the big cities.

The deduction for foreign loans is not often seen, but when it is available, it can concern a lot of money. One family missed out on 135,000 DKK in deductions.

The deduction for 2 year loans is a fairly unknown deduction. It applies, if you have taken out e.g. a consumer loan, a quick loan or other loans that have to be repaid within 2 years.

Now SKAT has opened the preliminary income assessment for 2021, and especially this year it pays off to check it due to the corona crisis.

A driving deduction is a deduction you may be eligible for if you have more than 12 km to your workplace. This applies to all means of transport, e.g. by bicycle, car and train.

A travel deduction is a deduction you may be eligible for if you have been out traveling for work. It is intended to cover the expenses that you have had in connection with your travels.

Work-related expenses are expenses you have paid to be able to successfully do your work. These are also known as “other employee expenses”.

A guarantee commission is a type of fee that a bank may charge e.g. in the event of refinancing of your mortgage, and you may be eligible to receive a deduction for this.

A service- and carpenter deduction is a deduction you are eligible to receive if you are having certain renovations done to your home such as cleaning, gardening etc.