New tax regulations: This is how you can deduct home office costs from 2023

New tax regulations: This is how you can deduct home office costs from 2023

According to a report by www.express.de, new tax regulations will be introduced in Germany from 2023 that will make it easier to deduct home office costs. Employees have two options to claim their costs. The first option is aimed at people whose main place of work is their home office, and they can deduct all costs of the office as business expenses. The second option is the home office flat rate, which is relevant for everyone else, and it has been increased from 600 euros in 2022 to a maximum of 1260 euros. In order to be able to claim this amount, employees must set aside 6 euros for each day they work from home, with an upper limit of 210 days.

These new regulations are part of an effort to simplify tax processes and adapt them to changing working conditions, especially in view of the increasing importance of home offices due to the corona pandemic.

As a financial expert, I see that these regulations have a positive impact on employees because they can more easily deduct their home office costs. This could also encourage more people to choose to work from home as the tax benefits become more attractive. On the other hand, companies could potentially face higher costs as employees take more work-from-home days, which could lead to an increase in tax-deductible costs. It is therefore important that companies and employees keep an eye on these changes and adapt their financial strategies accordingly.