Look for Online Tax Preparation in the Right Note

“Every year again” is the motto not only when it comes to Christmas, but also when it comes to taxes. Many employees have to file a tax return every year. Until 31 July of the following year it must, according to the Income Tax Act be (Income Tax Act) to the tax authorities.

Anyone who asks a tax advisor for help or contacts the income tax aid association has until the end of February of the year after next. But when is a tax return a must for employees? Which advertising costs can lower taxes? For online tax preparation  you need to know all these details now.

When do employees have to file a tax return?

Does the income tax return have to be submitted by every employee? We have good news, not every employee has to file a tax return. For example, if you are single and not self-employed in addition to a job , the probability is high that you will not have to file a tax return.

  • The tax office with holds employee income tax every month.
  • How much tax is due depends on the tax class.
  • Depending on the income tax class, one or the other has to file a tax return as an employee.

A tax return for an employee is required if any of the following applies to you:

  • If you or your spouse / partner are assessed in tax class V or VI or you have chosen tax class IV with factor
  • If you have earned more than 410 euros in addition to your wages (this also includes income from renting and leasing)
  • If the tax office has entered an allowance and a single person earned more than 11,000 euros or married couples more than 20,900
  • If you worked for several employers at the same time (an activity is grouped in tax class VI)

If you got divorced and you or your ex-partner remarried in the same year

Even if you do not have to file a tax return as an employee, a voluntary, retroactive filing of the income tax return can bring cash. This is especially worthwhile if there are high advertising costs or special expenses. Even if the salary fluctuates greatly during the year, a tax return as an employee should be submitted.

What can an employee deduct through the tax return?

Tax return: An employee must fill out Appendix N.

Tax return: An employee must fill out Appendix N.

On the tax return, an employee can state a number of specialexpenses and business expenses , which reduce the tax burden and thus lead to a tax refund . These include, for example,  travel expenses or insurance contributions .

Travel costs : If the travel costs exceed the employee lump sum of 1,000 euros, these should be billed individually. However, only one trip can be specified at a time.

Study : If you do not have your own workplace, you can separate your private study. A maximum of EUR 1,250 of the tax is refundable.

Insurance : Expenses for long-term care and health insurance can be declared on the tax return for an employee. This also includes unemployment andliability insurance , which are only partially taken into account.

Children : Two thirds of the expenses for childcare can be deducted as a special expense. This applies until the child’s 14th birthday. The tax office takes into account 4,000 euros per child annually.

Household-related services : The costs for the cleaning lady or craftsman can also be stated up to 20 percent of the invoice amount or up to 6,000 euros per year.