I am asking here for a friend who is currently unemployed and doesn't speak Finnish. There is an "Ennakkovähennys" (advance deduction) payment that comes out of his unemployment benefit each month and basically wipes out 25% of his benefit.
Is this normal or is there a way to avoid having your unemployment benefit deducted?
Advance deduction
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betelgeuse
- Posts: 4368
- Joined: Thu Aug 29, 2013 1:24 am
Re: Advance deduction
Unemployment benefits are taxable income. One can get a new tax card for benefits from Vero.krapulassa wrote: ↑Fri Dec 04, 2020 12:29 amI am asking here for a friend who is currently unemployed and doesn't speak Finnish. There is an "Ennakkovähennys" (advance deduction) payment that comes out of his unemployment benefit each month and basically wipes out 25% of his benefit.
Is this normal or is there a way to avoid having your unemployment benefit deducted?
https://www.vero.fi/en/individuals/tax- ... -in-mytax/
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krapulassa
- Posts: 83
- Joined: Thu Sep 03, 2020 8:23 pm
Re: Advance deduction
How does one claim benefits from a tax card?betelgeuse wrote: ↑Fri Dec 04, 2020 1:02 amUnemployment benefits are taxable income. One can get a new tax card for benefits from Vero.
https://www.vero.fi/en/individuals/tax- ... -in-mytax/
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betelgeuse
- Posts: 4368
- Joined: Thu Aug 29, 2013 1:24 am
Re: Advance deduction
I don’t fully understand the question. If the calculator results in a lower percentage than 25%, net pay will become higher.krapulassa wrote: ↑Fri Dec 04, 2020 1:43 amHow does one claim benefits from a tax card?betelgeuse wrote: ↑Fri Dec 04, 2020 1:02 amUnemployment benefits are taxable income. One can get a new tax card for benefits from Vero.
https://www.vero.fi/en/individuals/tax- ... -in-mytax/