The Limited Times

Now you can see non-English news...

Deduct corona masks from tax? What consumers should be interested in

2021-04-08T15:19:54.190Z


The required medical masks often result in additional costs for consumers in the corona pandemic. Can they be deducted from tax?


The required medical masks often result in additional costs for consumers in the corona pandemic.

Can they be deducted from tax?

Medical expenses

 are considered

extraordinary expenses

and reduce a certain amount the tax burden *, the Taxpayers Association says.

These include, for example,

expenses for dentures, glasses, cures or orthopedic aids

, according to a report by the German Press Agency (dpa) on the subject.

For further reading:

Tax returns: These items will bring you money back

According to the report,

medical masks

bought

because of the

corona pandemic

can also be claimed - but it's not that simple.

A distinction must be made here: If the masks were bought for

private use

, the costs are among the

extraordinary burdens

, according to the report.

If the masks were bought 

exclusively for professional reasons

, they were

advertising costs

or

business expenses

.

You can also read:

Deducting taxes in the home office - possible or not?

In order for

extraordinary burdens to have a tax-reducing

effect, the so-called

reasonable

own 

burden

must be

exceeded.

And that in turn is different and depends on income, marital status and the number of children.

The dpa report gives an example: For a married couple with two children and a total income of 40,000 euros, the reasonable personal burden would be 1,046 euros.

Only expenses that were higher would be taken into account for tax purposes.

(ahu) * Merkur.de is an offer from IPPEN.MEDIA.

Also interesting:

not all families benefit from the child bonus - what parents should know about it

The money before the euro: do you still know these EU currencies?

The money before the euro: do you still know these EU currencies?

Source: merkur

All life articles on 2021-04-08

You may like

Trends 24h

Life/Entertain 2024-04-19T02:09:13.489Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.