Tax Calculator 2021 – What will your tax be?

10/07/2020 Norway



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The government has just presented its state budget proposal for 2021.

As usual, adjustments have been made to rates, entry points, thresholds and the like, which will affect how you will be taxed next year.

But how does the budget proposal affect your finances? You can find out for yourself in our updated tax calculator!

The tax calculator is aimed at ordinary wage earners and is not suitable for people on social security, pensioners or the self-employed.

In addition to filling in information on wages, assets, and interest payments, you can include company auto taxes, childcare deductions, pension savings, and union dues.

The calculations are run locally in your browser and no data is sent to Dinside or others.

Calculate here: this will be your tax in 2021:

Calculate here: this will be your tax in 2021:

Find out in our updated tax calculator! The tax calculator is aimed at ordinary wage earners and is not suitable for people on social security, retirees or the self-employed. In addition to filling in information on wages, assets, and interest payments, you can include company auto taxes, childcare deductions, pension savings, and union dues. The calculations are run locally in your browser and no data is sent to Dinside or others.

The calculations are done to the best of our ability, but may contain errors. Economic decisions must also be based on other sources. The calculator is written in Javascript. In case of error, send an email to DinSide.

Net salary

The gross salary is the salary before taxes. Capital income, dividends or capital gains from securities, etc. will not be included here.

Company vehicle revenue

Here you enter the income supplement if you have a company car.

Interest received, stock dividends, capital gains

Here you enter the sum of your capital income for this year. This includes interest on deposits, dividends on shares, and capital gains on shares. Capital gains on properties in which you did not complete the period of residence must also be included here for tax-free earnings.

Wealth less debt

Here you list the value of everything you own, minus all the debt you have. Remember cabins, vehicles, boats, contents, etc.

Itinerary to the workplace

It is deducted from an amount per. kilometers in your net income from commuting to and from work. Full-time job required, with a 230-day work year. The expenses must exceed a certain amount. The updated deduction calculation and quantity limit can be viewed at the bottom of the calculator.

Interest / capital costs

List how much you pay in interest / capital costs per year. You will receive a deduction for this on your tax assessment.

Youth housing savings

Young people under 34 can save annually up to a certain amount in the BSU scheme and, based on that, get a deduction directly on the tax. The updated deduction calculation and quantity limit can be viewed at the bottom of the calculator.

Union dues

You can deduct parts of the union dues from ordinary income. List how much you pay in annual installments.

Premium for own pension insurance and individual pension agreements (IPA)

In relation to the 2017 Revised National Budget, a new tax-favored individual savings scheme for pensions was introduced. The maximum deduction amount in the new scheme is NOK 40,000. The old IPS scheme was continued with NOK 15,000 in maximum deduction (coordinated with deposits in the new scheme so that the total deduction cannot exceed NOK 40,000) for those who already saved in the scheme.


Who gets the child care deduction?

You get a deduction for documented child care expenses. If you have young children, the calculator assumes that such documentation, for example, paid daycare receipts, is available. The deduction is made on the income of one of the spouses who earn the most, and here you answer yes if it is you, or if you are a single parent. The updated deduction calculation can be viewed at the bottom of the calculator.

Single provider

Single parent families were previously compared in tax class 2, but as of 2013 this was changed so that single parent families are equal in tax class 1 with a separate deduction for single parent families. The updated deduction calculation can be viewed at the bottom of the calculator.

Shared residence

If you are a single parent and have agreed to co-residency with the other parent, the special deduction will be divided between the parties 50/50. The updated distribution calculation can be seen at the bottom of the calculator.

You will receive NOK 1,490 less in taxes in 2021 than if current tax rates were maintained

This is as follows:

This is a state budget proposal

The budget being presented now is a state budget proposal, which is presented to the Storting.

It is always presented at the beginning of October of the year prior to the budget year, which is why it is called the 2021 State Budget.

The state budget is presented alongside the national budget, which explains the socioeconomic considerations on which the budget is based. The proposed state budget will then be considered by the Storting, which may make changes.

The Storting adopts the final budget, which then becomes binding on the government and therefore on the state administration.

The revised national budget arrives in May 2021. Read more about the differences between the state budget and the revised national budget here.

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