Sunday, October 13, 2024
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Interest rate deduction for bank loans

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If your yearly interest expenses are under 50,000 (single) or 100,000 (as a couple) DKK, then you’ll get back 33.6% during the tax recalculation in March. If they are over that amount, then you get back 25.6%. So if your interest rates have increased in the past year, at least part of it will be returned by the state. 

Narcis George Matache
Narcis George Matachehttp://www.narcis.dk
Executive Editor and Founder of "Last Week in Denmark".

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