The Limited Times

Now you can see non-English news...

Would you have known? Four expenses that you receive tax-free from your employer

2024-03-29T03:55:08.943Z

Highlights: Tax-free extras are employer benefits that can be provided to employees in addition to their normal salary. No taxes or social security contributions are paid to the tax office with these additional services. Employers must take into account tax allowances for additional benefits. There is no uniform regulation for these. Instead, they vary depending on which extra it is. Would you have known? Four expenses that you receive tax-free from your employer. As of: March 29, 2024, 4:50 a.m



As of: March 29, 2024, 4:50 a.m

By: Marco Blanco Ucles

Comments

Press

Split

Tax-free extras are becoming an increasingly popular alternative to a salary increase among employees. There are many different options.

When people think about a possible salary increase, they usually just have in mind the hopefully soon higher net amount on their pay slip. You can also bring tax-free extras into play when negotiating with your employer. Tax-free extras are employer benefits that can be provided to employees in addition to their normal salary. The big advantage is that no taxes or social security contributions are paid to the tax office with these additional services, explains

Xing.com

.

Employers must take into account tax allowances for additional benefits

However, the tax allowances must be taken into account. There is no uniform regulation for these. Instead, they vary depending on which extra it is. There are many useful benefits for employees that few people know about. Not everyone will probably know four of them:

1. Additional benefits for health and sports

Every company benefits from healthy employees who can minimize their stress. That's why financial support from the company for membership in a fitness studio is a popular benefit. The contribution to the fitness studio may not exceed 50 euros per month due to the tax exemption, which is capped at 600 euros per year. Certified health courses - such as yoga courses - and measures for company health promotion - such as smoking cessation courses - are also exempt from tax and social insurance for up to 600 euros,

Finanztip.de

knows .

If health promotion courses – such as yoga – are paid for by the employer, they are tax-free up to a certain amount. (Symbolic image) © Cavan Images/IMAGO

2. Attentions on personal occasions

Companies can give their employees a gift three times a year on personal occasions – such as birthdays, weddings, the birth of a child or company anniversary. However, this must not exceed the value of 60 euros, otherwise the sum must be taxed in full.

My news

  • Quake in the construction industry: Read the bankruptcy of a large German real estate company

  • Nasty scam with the Rosenheim cops: Actors pack with atrocities read out in their name

  • Shooting down of F-16 fighter jets: Putin threatens to attack NATO airfields read

  • She had planned Gottschalk's visit to BR completely differently: Schöneberger lost his composure

  • Cheese recall: Federal Office warns of health risks – according to the RKI, three groups are particularly susceptible to focus reading

  • Princess Kate has cancer – this is how Victoria of Sweden and Mette-Marit of Norway react

Don't miss out: You can find everything about jobs and careers in the career newsletter from our partner Merkur.de.

3. Aid in difficult times

After strokes of fate, such as a death in the family or a house fire, employees can use not only mental but also financial support - the employer can help with this. Because the company can provide its employees with financial support in such difficult times and transfer tax-free additional money - up to 600 euros annually, explains

Xing.com

.

4. Child care costs

One point that can save employees a huge amount of money is the care costs for children who are not required to attend school. If your employer supports you with the costs of accommodation and care for your children, these subsidies are tax- and social security-free to an unlimited extent. This applies, for example, to special payments for daycare centers, kindergartens, childminders - or childminders - and school kindergartens. However, the subsidy must be paid in addition to your wages. You must also present the original invoice to your employer.

Source: merkur

All life articles on 2024-03-29

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.