Light entrepreneur tax deductions and tax return

Did you know that as a light entrepreneur you can save money by deducting work-related expenses on your personal tax return? These so-called income-related expenses reduce your taxable income, so you pay less tax. Remember to check your pre-completed tax return in MyTax (OmaVero) in the spring.

You've incurred work-related expenses

You can deduct expenses in your taxes that we haven't been able to take into account directly when paying your wages. Report the expenses on your pre-completed tax return in MyTax.

Travel expenses in taxation

Whether you can deduct travel expenses depends on how they were paid to you.

• Tax-free reimbursements: If we've paid you tax-free travel expense reimbursements together with your wages, you can no longer declare them on your tax return.
• Taxable expenses: If you've paid for trips yourself without a tax-free reimbursement, you can claim a deduction for them on your personal tax return.

Remember: Keep your receipts and records safe. The Finnish Tax Administration always makes the final tax decisions based on the records provided.