Tips for the 2023 tax return: How to maximize your advertising costs

Tips for the 2023 tax return: How to maximize your advertising costs

According to a report by www.fr.de, the new tax return for 2023 is already on the agenda. An important aspect is the advertising costs, which offer opportunities to save taxes. The Federal Ministry of Finance takes a flat rate of 1,230 euros into account as business expenses, but excess taxes paid can be recovered by providing detailed information in the tax return.

There are several ways to claim expenses for the flat-rate business expenses allowance. This includes business-related expenses that were not reimbursed tax-free. These include, for example, trips to work and extraordinary expenses such as accident costs on the way to work. It's a good idea to review expenses before New Year's Eve and use various strategies to maximize deductions. In addition, the deadline for filing tax returns has been extended to September 2nd, giving taxpayers more time to avoid leaving their expenses and deadlines to the last minute. Using a tax program or app can simplify the tax filing process and ensure that all possible deductions are taken into account.

As a financial expert, it is important to note that the changed regulations on flat-rate business expenses can have an impact on the individual tax amount and the tax burden. By detailing business expenses in the tax return, taxpayers may be able to receive a refund for overpaid taxes, which can have a positive impact on their finances. Additionally, the longer tax filing deadline is an additional incentive for taxpayers to carefully consider their expenses in order to obtain maximum reimbursement. This could also have an impact on the market for tax programs and tax apps, as increased demand for these tools is expected.