5 tips for saving - you can deduct this from your tax

Created: 12/28/2021, 10:26 AM

By: Janine Napirca

Office equipment is tax-deductible from a value of 1,000 euros.

© Eugenio Marongiu / Imago

Quickly deduct something from the tax at the turn of the year?

You can save money before the end of the year with these five saving tips.

If you spend your money carefully towards the end of the year *, you can

get the most out

of your

.

Here you can find out how you can plan your expenses sensibly and thus reduce your taxable income.

Tax-deducting donations: Doing good and saving money in the process

You have probably heard of the fact that

. In this way you are doing something good for yourself and others at the same time, because donating money is also worthwhile in terms of taxation. It is important, however, that the organizations you donate to

are recognized

as

. Up to 300 euros are

recognized by the tax office

on the

slip. A

required

for a higher donation amount

. Also

and

can be deducted from the tax, provided that the value has to be proven.

In total, you can state donations of up to 20 percent of your annual income.

At least when it comes to non-profit organizations.

In the case of

donations to

or donations to

, larger sums are also recognized.

Also read

Save taxes through old-age provision?

Did you know that you

can

too

? Because

a subsidy from the state of up to 175 euros is possible

for the

. For children, up to 300 euros are added depending on their age. In order to claim this state subsidy, however, you must have paid in at least four percent of the income subject to pension insurance (maximum 2,100 euros). If you have not paid enough up to now, it may be worthwhile to recalculate it towards the end of the year. Taxes can also be saved on other pension contracts. Up to 92 percent of the contributions can be deducted from tax as special expenses (maximum 25,800 euros) in 2021.

Also

Home office accessories and co .: You can deduct this from your tax

Do you have more than 1,000 euros in 2021 for professional costs such as

- computer / laptop, screen, new headset for video conferences -,

to work or

You can get these so-called income-related

through

your

tax return for 2021.

Employees who do not have their own office / study at home can deduct five euros per day, up to a maximum of 600 euros per year, from tax for additional costs.

If you have almost reached the 1,000 euro limit, it can be worthwhile to invest the remaining amount in further office equipment.

However, the goods ordered must be delivered this year.

Goods that have a net value of more than 800 euros must be written off against tax over several years.

If you

have booked

, you can also claim these costs for tax purposes.

How can tradespeople and cleaning staff be tax deductible?

Handicraft activities

that maintain a house or apartment can also be tax-deductible up to a value of 6,000 euros.

This includes, for example, painting work or newly laid floors.

and

are taken into account

, not the material.

In addition, the invoice should be made by bank transfer so that the tax office recognizes it.

The

, such as cleaners, gardeners or caretakers, is also subsidized by the state.

Also read

Save taxes: Deduct extraordinary burdens caused by unexpected costs from your taxes

Even costs that you did not expect can be deducted from the tax.

For example, if those affected by the flood disaster were not insured, but had to buy new furniture, or expenses such as funerals, new glasses or even a cure.

The limit of the reasonable burden differs from case to case.

For example, a family with two children with a combined annual income of 60,000 euros would have to

pay

around 1,700 euros in

themselves.

Higher expenses have a tax-reducing effect.

So collect your bills and plan specifically how, when and what you will spend your money on in order to save taxes.