Työasuntovähennys

Työasuntovähennys, or work-related housing deduction, is a tax deduction available in Finland for individuals who incur expenses due to maintaining a second residence for the purpose of working. This deduction aims to alleviate the financial burden on employees who need to live away from their permanent home for their job.

To be eligible for the työasuntovähennys, several conditions must be met. The individual must have a permanent residence in Finland, and they must need to maintain a second residence closer to their workplace. The second residence must be used primarily for living purposes. The distance between the permanent residence and the workplace is a key factor, with specific thresholds often applied. The deduction is typically claimed for expenses related to rent, maintenance, and utilities of the second residence.

The amount of the deduction is subject to certain limits and calculations set by Finnish tax law. It is usually a percentage of the actual expenses incurred, capped at a maximum amount. Employees can claim this deduction in their annual income tax return. It is important for individuals to keep detailed records and receipts for all expenses related to their second residence to support their claim. The Finnish Tax Administration (Verohallinto) provides detailed guidelines and forms for claiming this deduction.