What are the Finnish state income tax brackets for 2024?

0% on 0-20,500 EUR; 12.64% on 20,500-30,500 EUR; 19.64% on 30,500-50,400 EUR; 26.14% on 50,400-88,200 EUR; 31.25% on 88,200-150,000 EUR; 34.25% above 150,000 EUR (threshold added in 2024).

What is the municipal tax (kunnallisvero)?

Municipalities set their own flat rate (4.4-10.86% in 2024). The average is around 7.5%. Helsinki is 5.82%, many rural municipalities charge 10%+. Municipal tax applies to all taxable income after deductions.

What employee contributions are deducted?

Pension insurance (TyEL): ~7.15%; unemployment insurance: 0.79%; health insurance (sickness daily allowance): 1.16%; national health insurance (medical care): 0.60%. Total: approximately 9.7%.

What deductions reduce Finnish taxable income?

Standard deduction (palkansaajan vähennys) of up to 750 EUR; earned income deduction (tulonhankkimisvähennys) 620 EUR; commuting deductions above 750 EUR. Charitable deductions and interest deductions also apply.

How is capital income taxed in Finland?

Capital income (pääomatulo) taxed at 30% up to 30,000 EUR, 34% above. Includes dividends, rental income, capital gains. Some dividends from listed companies: 85% taxable, 15% tax-free.

Finland Tulovero (Income Tax) Calculator 2024

Calculate Finnish income tax (tulovero): state income tax (0-31.25%), municipal tax (4.4-10.86% by municipality), church tax (1-2%), and pension/unemployment contributions. Effective marginal rate up to ~55%.

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