2023 tax return: regulations for tax reduction! Basic allowance, child and training allowances, home office & more. Pay attention to deadlines!
According to a report from www.nr-kurier.de, the tax office points out regulations that have a tax-reducing effect in the tax return for 2023. These include allowances, savers' and employees' flat-rate allowances as well as the home office regulation. The regulations for the 2023 tax return have numerous tax-reducing effects. On the one hand, the basic tax allowance for 2023 was increased to 10,908 euros and will rise to 11,604 euros from 2024. In addition, the saver allowance and the employee allowance have also been increased, which can lead to a reduction in taxable income. The maximum amounts for taking into account maintenance payments and child tax allowances have also been increased. The home office regulation offers employees the opportunity to claim costs as tax deductions...

2023 tax return: regulations for tax reduction! Basic allowance, child and training allowances, home office & more. Pay attention to deadlines!
According to a report by www.nr-kurier.de,
The tax office points out regulations that have a tax-reducing effect in the tax return for 2023. These include allowances, savers' and employees' flat-rate allowances as well as the home office regulation.
The regulations for the 2023 tax return have numerous tax-reducing effects. On the one hand, the basic tax allowance for 2023 was increased to 10,908 euros and will rise to 11,604 euros from 2024. In addition, the saver allowance and the employee allowance have also been increased, which can lead to a reduction in taxable income. The maximum amounts for taking into account maintenance payments and child tax allowances have also been increased.
The home office regulation offers employees the opportunity to claim costs as tax deductions if their business and professional activities are centered in their home office.
Furthermore, changes were made for landlords and tradesmen's costs, which can also have a tax-reducing effect. Pension expenses will be fully taken into account as special expenses from 2023, which will lead to further tax relief.
Overall, these regulations can help taxpayers experience a significant reduction in their tax burden in 2023 and beyond.
Conclusion:
The new regulations for the 2023 tax return can lead to a significant tax-reducing effect overall. This could help taxpayers experience noticeable relief in their tax payments. In addition, the regulations may also have an impact on the real estate market and the landlord industry, as the tax framework for landlords of new buildings has been improved.
These tax-reducing effects could also lead to an increase in taxpayers' disposable income, which in turn could have positive effects on consumption and the economy as a whole.
Read the source article at www.nr-kurier.de