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Tax return for students - in these cases it is worthwhile

2022-06-20T12:47:51.598Z


Tax return for students - in these cases it is worthwhile Created: 06/20/2022, 14:34 By: Janine Napirca You can find out here when it is worthwhile for students to voluntarily submit a tax return to the tax office. There are cases in which students are obliged to submit their tax returns to the tax office on time . According to a report by the United Income Tax Aid (VLH) , this is the case, fo


Tax return for students - in these cases it is worthwhile

Created: 06/20/2022, 14:34

By: Janine Napirca

You can find out here when it is worthwhile for students to voluntarily submit a tax return to the tax office.

There are cases in which

students

are

obliged

to submit

their tax returns to the tax office

on time .

According to a report by the

United Income Tax Aid (VLH)

, this is the case, for example, if you earn more than the currently applicable

basic

allowance of 10,347 euros (for comparison: in 2021 the basic allowance was 9,744 euros).

According to the VLH report, it can also be worthwhile as a student

to voluntarily

submit a

tax return

to the tax office.

Find out here what you can deduct from your taxes during your studies.

When do students have to submit a tax return to the tax office?

As already mentioned, students who exceed the basic allowance must submit a tax return.

This can be the case either through

self-employment or freelance work

, or because of

rental income or capital gains

.

Even if you as a student

receive wages or salaries from several employers

, the tax return is due.

As a student, have you ever submitted a tax return to the tax office?

© DC_27/Imago

According to the report, the tax office in the city or district in which you have your registered place of

residence

is responsible .

So regardless of where the university or technical college you are studying is located.

By the way:

Anyone who

voluntarily

submits a tax return is not bound by the usual deadlines.

It can be submitted to the tax office

retrospectively for up to four years .

Then it is worthwhile for students to voluntarily submit a tax return

The United Income Tax Assistance has compiled the cases in which it can be worthwhile for students to voluntarily submit a tax return:

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  • Rent

  • ride costs

  • Training costs such as tuition fees, work equipment, computers, specialist literature, etc.

  • Interest on an education loan

  • Semester abroad/internship abroad

  • Insurance such as health insurance, pension insurance, liability insurance or supplementary dental insurance

Did you know that you can also deduct the costs for the chimney sweep from your taxes?

Watch out!

Even if no more documents need to be attached to the tax return, the tax office can request evidence.

Therefore, you should maintain your documents conscientiously and keep all receipts well.

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Parental support is not included in student income

Students who submit a tax return - whether voluntary or mandatory - must disclose their income as well as their expenses.

However, according to the VLH, maintenance payments by the parents are not included and are therefore not taxable.

Read here when it is worthwhile to voluntarily pay into the statutory pension insurance.

(jn)

Source: merkur

All life articles on 2022-06-20

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