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Would you have known? Five strange expenses that you can deduct from your taxes

2024-02-19T11:40:34.122Z

Highlights: Would you have known? Five strange expenses that you can deduct from your taxes.. As of: February 19, 2024, 12:30 p.m By: Marco Blanco Ucles CommentsPressSplit Here you can find out which five strange expenses are tax deductible. For the 2023 tax return, which has some news to consider, the deadline is Monday, September 2, 2024. In addition to the well-known deductible items such as job expenses, services or your own pension provision, there are also deductible expenses that hardly anyone has on their radar.



As of: February 19, 2024, 12:30 p.m

By: Marco Blanco Ucles

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Press

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Keeping track of taxes is not that easy.

Here you can find out which five strange expenses are tax deductible.

Tax returns are a tedious issue for many people, even though they obviously bring financial benefits.

For the 2023 tax return, which has some news to consider, the deadline is Monday, September 2, 2024. Keeping track of which points should be included in the tax return, such as health insurance refunds, is anything but light.

In addition to the well-known deductible items such as job expenses, services or your own pension provision, there are also deductible expenses that hardly anyone has on their radar.

Below we examine five of these points in more detail.

1. Grandparents as babysitters

Allowing grandparents to look after young children is a common method.

So if you pay your child's grandparents to babysit, you can claim some of the cost as a tax deduction.

To do this, you must submit proof of the transfer of payments to the grandparents together with your tax return.

And even if the grandparents look after the children for free, you can benefit financially from it.

As the news portal

ntv

reports, in this case at least the travel costs can be deducted.

The grandparents as paid babysitters - part of the expenses can be deducted from taxes.

© Shotshop/IMAGO

2. Travel costs to the doctor or pharmacy

It is widely known that the journey to work can be deducted from tax - this is the so-called commuter flat rate.

What few people know, however, is that you can also skip going to the doctor or pharmacy.

Here too, 30 cents per kilometer driven can be deducted.

This is particularly worthwhile for people who often receive medical treatment.

3. Costs for the tax advisor

If you get help from a tax advisor when filing your tax return, you can also deduct these costs from your taxes, reports

accountable.de

.

This regulation is a great way to save money and get professional advice at the same time, especially for self-employed people who have just started and are not yet very familiar with it.

The same also applies to paid tax programs such as

WISO

.

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4. Caring for the pet

People who are very busy at work have to resort to the services of a pet sitter from time to time.

The costs for this can also be deducted from tax.

Because according to

ntv,

these expenses are accepted as a household-related service.

20 percent of the invoice amount will be credited - but a maximum of 4,000 euros.

5. Child support

If a child is no longer entitled to child benefit, the maintenance can be deducted from tax.

However, it depends on the current situation of the children.

Tax advantages can only be claimed if children are of age and are not completing any training - school or professional -, children who have already completed vocational training and children who are still in training and are older than 25 years.

Source: merkur

All life articles on 2024-02-19

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