2020 is entering the final spurt.
At the end of the year, you can save a lot of money again if you take these tips to heart with regard to the tax return.
The year 2020 is only about a month left - high time to take another look at your income and expenses *, because this could
save
you
money or bring
you back in some places
, for example with
your
tax return
next year.
Depending on whether you are making a new purchase this year or 2021, it can actually make a difference financially.
Here are a few tips
to keep in mind to get the most out of 2020.
Get married by the end of December: save on taxes and money
Sounds unromantic, but it is practical:
Those willing to marry
can
secure
themselves
financial advantages
if they say yes this year.
Because then you can still save taxes for the whole of 2020.
This particularly affects partners with very different earnings.
Also interesting:
you can still save a lot of money by the end of 2020 with these five tricks.
Tax return 2021: deduct health care costs and save money
As stated by the taxpayers' association, you can save taxes if a reasonable burden has been exceeded for medical expenses.
This varies depending on the person, depending on income, marital status and number of children.
The tip is:
If possible, bundle extraordinary stresses over a year
, for example a denture treatment, new glasses or the like.
If you haven't had any major extraordinary burdens this year, consider deferring new expenses to 2021, if possible,
to bundle healthcare costs
for the next year
.
And always collect all invoices in the current year to have an overview of the amount of health costs.
Also read:
Money back in the gym because of Corona - That's what Stiftung Warentest advises.
Save money: deduct advertising costs for training and study
Another important point in the tax return are income-related expenses.
The year 2020 was special in many ways: Many employees no longer had to travel to work, either through
home office or short-time work
.
The latter also has a tax effect, as Uwe Rauhöft from the Federal Association of Wage Tax Aid Associations (BVL) explains.
You can, however,
repeat
other
expenses with
your
tax return
by making smart investments now, for example in your
further education
.
Thanks to the increased number of online offers, this is now still possible.
There is no limit to deducting income-related expenses for further training measures.
You
can also usually remove
equipment for the home office, such as a
desk
for the study
or a laptop
.
Please note: Goods up to a net value of 800 euros reduce the
tax burden
immediately, more expensive assets must be
written off
over their
useful life
, as Rauhöft explains.
In any case, you should
bundle income-related
expenses, i.e.
expenses for your job
, in order to cover the annual flat rate.
(mad) * Merkur.de is part of the nationwide Ippen-Digital editors network.
Help with the tax return
The tax savings declaration (promotional link) can help you with your tax return.
The control software including CD-ROM offers step-by-step instructions in question-and-answer style.
In this way, you can submit an error-free tax return without specialist knowledge and achieve the best possible results.
Sources: dpa |
Finanztip.de
Read more:
Tax Savings in the Home Office: Bavaria and Hesse to make a suggestion.
Millionaires reveal: these five tips will help you get rich
Millionaires reveal: these five tips will help you get rich
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