The Limited Times

Now you can see non-English news...

Not everyone expects these tax tips

2021-12-30T12:04:22.411Z


Not everyone expects these tax tips Created: 12/30/2021, 12:55 PM By: Janine Napirca You may be able to deduct more from your tax than you previously thought. © Uwe Umstätter / Imago Nobody really feels like filing their tax return. But financially, you can possibly get more out of it than you previously suspected. Doing paperwork is arguably one of the things most people in the world find an


Not everyone expects these tax tips

Created: 12/30/2021, 12:55 PM

By: Janine Napirca

You may be able to deduct more from your tax than you previously thought.

© Uwe Umstätter / Imago

Nobody really feels like filing their tax return.

But financially, you can possibly get more out of it than you previously suspected.

Doing paperwork is arguably one of the things most people in the world find annoying and stressful.

So it's no wonder that

tax returns are

often put off as long as possible.

There are quite a few things that are worth tax deducting.

The following

tax tips

are

guaranteed to include

some that you did not know before and that can help you save money.

Do I have to pay taxes on a lottery win?

If you are ever one of the lucky lottery winners in your life, you don't have to worry about tax back payments.

Because

winning the lottery

is a matter of luck.

Therefore, regardless of how high the amount won, it does not fall under one of the types of income set out in paragraph two, paragraph three of the Income Tax Act.

What this means for you: If you ever win the lottery, you

do not have to pay tax

on the winnings .

Also

read :

Supermarket

: Who pushes with the biceps, spends more money.

Tax-deducting over-the-counter drugs

Getting a

green

prescription

from a doctor

is much more likely than winning the lottery

. In many cases, the drugs prescribed by the doctor are printed on a pink prescription. This means that the health insurance company pays for these drugs. Not so with green recipes. Doctors will prescribe such drugs when they find it useful. In such a case, you can get the money back from your health insurance company. If the cash register does not pay for your green prescription, you can claim it against the extraordinary charges. However, this is only possible if the reasonable load limit is exceeded.

Attention allergy sufferers: Special

allergy mattresses

and

bed linen for allergy sufferers

can also be stated as an extraordinary burden in the tax return, provided that your health insurance company does not cover the costs anyway.

To do this, however, you need an opinion from an official or medical examiner.

Unfortunately, an opinion from a specialist or a doctor's recommendation is not sufficient.

Also

interesting

: "Bares for Rares": bitter dealer duel ends far above the experts' estimate.

Deducting the Gym from the Tax?

Especially in times of Corona and home office, many people lack sufficient exercise.

Back pain and other physical complaints are the result.

Therefore, many choose

to go

to the

gym

.

But is it tax deductible for the gym costs?

In certain cases - yes!

However, you also need a certificate from your family doctor for this, which will then be checked by a public health officer.

If the health department determines that you need the training to alleviate your symptoms, the costs for the gym are tax-deductible as an exceptional burden.

However, some of the training units in the fitness studio must also be accompanied by a doctor or physiotherapist.

Tax deductible: braces, glasses and Co.

You can also claim

dental adjustments

for yourself or your children as an extraordinary tax expense.

The costs that your health insurance company has not covered can be borne by the tax office, at least above a certain amount.

In any case, you have to pay what is considered to be a reasonable burden.

The same applies to

contact lenses

,

glasses

and

prescription sunglasses

.

But not only the cost of the visual aid itself, but also

travel costs

to the ophthalmologist or optician can be deducted from the tax as an extraordinary burden.

Read

you

well

, how much you have to earn in order to belong to the so-called upper class?

Get back taxes paid on glasses and braces on your tax return.

© Oscar Carrascosa Martinez / Imago

Is it possible to deduct animals from the tax?

Do you have your pet looked after by a dog sitter

or something similar

from time to time in your own four walls ?

You can deduct the costs for this as a

household service

.

You can also claim

professional walks

for tax purposes.

If a trade is officially registered and the providers work on account.

However, if you take a pet boarding house

for the duration of a vacation, for example

, you will have to bear the costs yourself.

Less pleasant animals, on the other hand, are

pigeons

or even

pests

.

You can also deduct the

costs of

removal

from your tax.

Handicrafts, the so-called

handicraft bonus

, can also be deducted from taxes.

Also

interesting

: The Queen is looking for staff for her garden - that's how much the new gardener should earn at Windsor Castle.

Deducting a party from the tax - Here's how

The prerequisite for a party to be tax deductible is that it is a

professional

celebration

.

The tax office decides whether to recognize the costs or not.

Anniversaries or farewell parties have a better chance of being tax deductible than a birthday party among colleagues.

In addition, it is sometimes a condition for a party to be accounted for as advertising expenses that only colleagues from work have been invited to the celebration.

Tax-deduct sperm donation or artificial insemination

In

certain circumstances, single persons and couples can deduct the

cost of

artificial

insemination

from tax as an exceptional burden.

Just like for a

sperm donation

.

Because the fertilization of an egg cell with a foreign sperm is a medical measure that, according to a judgment of the Federal Fiscal Court, replaces a disabled body function of the husband.

Just as a woman who is infertile due to illness can claim artificial insemination for tax purposes, according to the judgment of the Münster Finance Court.

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

Source: merkur

All life articles on 2021-12-30

You may like

Trends 24h

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.