Adjustment of preliminary income tax calculations (voorlopige aanslag) in connection with a decrease in the mortgage lending rate.

Those who bought a home with a mortgage in 2019 are now likely to pay less interest on mortgages. This means that they will have a decrease in the interest on mortgage loans in the income tax return, which, as we know, affects the preliminary calculation of taxes. Therefore, the IRS strongly recommends that homeowners adjust their mortgage interest.

Adjusting the preliminary calculation of income tax for 2020 to the current interest rate will help to avoid the need to refund the difference between the preliminary and final calculation of taxes. More information can be found at belastingdienst.nl/voorlopige-aanlag.

What changes affect the calculation of income tax?

If you had to pay penalty interest or incur other expenses this year, for example, in the case of a mortgage transfer, you can also deduct these amounts from taxes by entering this information into the preliminary calculation of your income tax.

There are a number of other personal and financial changes that may affect your estimate. These changes include: starting a business, living together with a partner, marriage or divorce.

In addition to changes in the personal situation, legislative changes also affect the amount of the preliminary tax calculation, but they are automatically entered by the tax authority. All legislative changes that affect the size of the preliminary tax calculation can be found on the tax website.

How do I know the amount of my income tax in advance?

Anyone who wants to know in advance the amount of taxes they will have to pay after all adjustments and changes have been made can fill out the Tax Preliminary Calculation Request Form on the website. This will give you an idea of ​​the implications of the change. You can sign and submit the form itself later.

You can set up an estimate of your taxes at any time. Anyone who checks the preliminary tax calculation, immediately after the transfer of the mortgage or other change in the personal situation, prevents all the unpleasant surprises associated with the final calculation of income tax.

More information on this topic can be found at the link: www.belastingdienst.nl/koopwoning.