As of: February 21, 2024, 4:00 p.m
By: Carina Blumenroth
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Anyone who earns money in Germany is part of the income tax system - you have to pay above a certain amount.
How high this will be in 2024.
After school, most people are thrown into the deep end; there are new, different responsibilities that you haven't really gotten to know yet.
For example, if you earn money, you are part of the tax system - that means you have to pay taxes.
Those who earn a lot pay more income tax or wage tax, those who earn little pay less, reports the
Vereinigte Lohnsteuerhilfe eV
.
However, there is no general answer to this, because there are a lot of things to consider in the system, for example the basic allowance.
Income tax in Germany – no tax is due for the basic tax allowance
Income tax returns are often a necessary evil.
But when do you actually have to pay taxes?
© Carina Blumenroth/DALL-E (AI generated)
If your income remains below the basic allowance, you are exempt from tax.
This amount is increased regularly.
A basic allowance of 11,604 euros is currently planned for 2024.
However, this could change again, informs the
portal
wiwo.de.
However, you must note that your income and earnings do not automatically reflect your income.
You can use your income tax certificate as a starting point.
By the way, you have had more money from your gross salary since January 2024.
If you submit a tax return, the value stated on the income tax certificate will be reduced, the
Vereinigte Lohnsteuerhilfe eV
informs .
What's left over at the end is the income that you have to pay tax on.
A list from Steuerbot.de
shows how the basic allowance has changed over the years and what married couples are entitled to
:
Basic allowance |
Singles |
Married people |
|---|---|---|
2001 |
9,744 euros |
19,488 euros |
2022 |
10,347 euros |
20,694 euros |
2023 |
10,908 euros |
21,816 euros |
2024 |
11,604 euros |
23,208 euros |
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How income is calculated exactly
In order to determine the taxable income, several steps are necessary for the tax office.
You can support this by stating your income and also providing information about other income.
For example, income from capital assets, rentals or leasing also count.
But of course you can also deduct costs from your taxes, such as business expenses or allowances, from which your income is determined.
The tax office then looks at the tax return and deducts special expenses, extraordinary burdens and other items from the income, informs the
Vereinigte Lohnsteuerhilfe eV
.
The possible child allowance is taken into account at the end.