The Swedish government has recently presented the budget bill for 2025. Some of the main proposals relating to income tax and social security contributions include the following:
The earned income tax deduction and the increased basic deduction will be strengthened
The reduction in the earned income tax deductions and the increased basic deduction for higher income levels will be abolished
The level of compensation for expert tax in the so-called amount rule will be lowered
The amount limit for deductions for travel to and from work will be increased
A tax-free basic level for savings in investment savings accounts, endowment insurance and PEPPs will be introduced
Interest deductions for unsecured loans are phased out
Property tax on wind turbines to be increased
Provisions on deduction of previous years’ deficits will be improved and simplified
