Korkovähennys
Korkovähennys is a Finnish term that translates to "interest deduction" or "mortgage interest relief." It refers to a tax benefit available in Finland that allows individuals to deduct a portion of the interest paid on their housing loans from their taxable income. This deduction aims to reduce the burden of housing costs for homeowners and is a significant feature of the Finnish tax system.
The rules and limitations regarding korkovähennys can change over time, as they are determined by Finnish tax
To claim the interest deduction, individuals must report the interest payments made on their housing loans