The numbers in your tax deduction card

Each year in December, you’ll get a new tax deduction card showing the income, expenses, wealth and debt that we think you’ll have in the coming year.


How we get our numbers


When we calculate the income for the 2023 tax deduction card, we use information from your employer for October 2022 (x 12). In some cases, we use information from the last 12 months from November 2021 to October 2022 (see example below). In addition, we include a percentage change in your salary income as predicted wage growth. For 2023 the predicted wage growth is 4.2 percent.

We use the option that gives us the highest income.

If your income is not correct, you can change your tax deduction card yourself. We’ll produce a new tax deduction card that your employer will retrieve.

You can also see what your employer or pension provider has reported for you.

Example calculation based on the October salary for 2022:

Fixed salary   NOK 40,000 x 12 = NOK   480,000
Overtime   NOK       7,000
Total   NOK  487,000
Electronic communication NOK 366 x 12 =  NOK       4,392*
Taxable insurance NOK 100 x 12 = NOK       1,200*

NOK       5,592

(*These are continued without the upwards adjustment of 4.2%)

Calculated annual salary for 2023:

((NOK 487,000 x 1.042) + NOK 5,592) = NOK 513,046 (rounded up to NOK 513,000).

If the numbers are incorrect, you must change your tax deduction card. Log in and enter the correct numbers for income, expenses, wealth and debt for the coming year.

Bank deposits and/or bank loans

The increase in interest income and interest expenses will mainly apply to those who have money in the bank and/or bank loans. We retrieve the numbers from the basis for interest expenses/deductions and interest income in your 2021 tax return.

In 2021, the interest level was very low. Interest has increased in 2022, and it will most likely increase further in 2023. For some, this will mean a big change in the numbers we have entered into your 2023 tax deduction card. Check that the numbers correspond to your own calculations. You must change your tax deduction card if the numbers are incorrect.

Example – When you have interest income
In 2021, you had NOK 10,000 in the bank and received 0.15 percent interest on average. This meant that your interest income was NOK 15. To account for the increased interest, the 2023 tax deduction card will show that we have assumed your interest income to be NOK 130.
Example – When you have interest expenses
In 2021, you had a bank loan of NOK 1 million, and you paid interest of 1.80 percent.  This means your interest expenses amounts to NOK 18,000 for the year. To account for the increased interest, the 2023 tax deduction card will show that we have assumed that you have interest expenses to the amount of NOK 46,400.

Check your numbers

You’re responsible for checking that the tax deduction is correct. It’s especially important that you check your numbers if there have been any changes in your family situation, place of residence or work. See here for other cases that makes it relevant to check your tax deduction card. If you’ve been deducted too much tax, you’ll get your money back when the tax assessment is ready. If you’ve been deducted too little tax, you must pay the underpaid tax.

It’s also very important that you check that your tax deduction card is used correctly. A table card should never be used by two employers at the same time. This will result in underpaid tax. If you change your tax deduction card after February, you’ll receive a percentage card.