The Limited Times

Now you can see non-English news...

As a retiree, can car insurance be tax deductible?


Pensioners can also deduct expenses from their taxes. In addition to illness or care costs, this also includes vehicle tax. What to consider.

Pensioners can also deduct expenses from their taxes.

In addition to illness or care costs, this also includes vehicle tax.

What to consider.

Hamburg – The expenses that consumers can deduct from tax include income-related expenses or a commuter allowance.

To a certain extent, employees can also deduct costs for education or insurance and health costs.

But pensioners can also benefit and claim expenses for tax purposes.

In this context, you are also entitled to a proportionate exemption from illness and care costs.

What is also true: You can also deduct the vehicle tax and sometimes save a lot of money.

This is reported



Social insurance:

German pension insurance


October 1, 2005


56.7 million (December 31, 2019)


21.2M (July 1, 2020)

Deduct vehicle tax: How pensioners can deduct expenses from their taxes

Employees can easily include the corresponding liability in their tax return.

In this way, the applicant identifies himself as both the policyholder and the owner of the car.

This is also possible if you forgot to submit the costs.

Corresponding information can also be given later.

As a rule, an objection period of one month applies.

According to Allianz

insurance , questions about which specific sums are tax-deductible depend on

factors such as income, professional group or – here in this explicit example of motor vehicle tax – vehicle use.


Motor vehicle tax: Retirees can also deduct expenses from their taxes.

(icon picture)

© Westend61/Imago

What applies to employees also applies to the self-employed.

Depending on the tax rate, the amount that the applicant gets back may vary.

Here, too, the person concerned enters into an obligation, according to which one assures that the holder is liable for tax - the basic requirements of every application when it comes to the car insurance to be deducted.

In addition, they can take advantage of partial or fully comprehensive motor vehicle insurance.

But how is the specific case determined if the applicant is retired?

Motor vehicle tax: what information pensioners must provide in their tax returns

Pensioners, who can already benefit from eight state grants, are also entitled to deduct car insurance costs from their taxes.

Like retirees, who often have a higher tax burden than retirees, you can also state the expenses resulting from motor vehicle liability insurance in your tax return.

In the course of this, it is necessary to submit the relevant information to the tax office by the end of July each year. newsletter

In the newsletter, our editors put together content from Hamburg, Northern Germany and HSV.

Every day at 8:30 a.m., six current articles land in your e-mail inbox - registration is free of charge, you can unsubscribe easily with a click at the end of each sent newsletter issue.

How high the financial savings really are depends on the individual case.

According to Allianz

reports, however, retirees with only a small pension income could


According to the Clark

insurance portal

, pensioners can now claim up to 1,900 euros in special expenses in their tax returns.

Extra money that could provide relief in times of inflation.

List of rubrics: © Westend61/Imago

Source: merkur

All life articles on 2023-01-30

You may like

Life/Entertain 2022-12-27T10:49:46.768Z
Life/Entertain 2023-01-30T06:28:51.265Z

Trends 24h

Life/Entertain 2023-03-28T12:30:44.216Z
Life/Entertain 2023-03-28T08:12:34.775Z
Life/Entertain 2023-03-28T22:36:58.160Z


© 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.