Income tax allowance 2025
Posted: Thu Oct 31, 2024 12:49 pm
Not sure if I was sleeping or distracted but are there new rules for employeed workers to apply for income taxt allowance for next year?
Steuergo, who I use to submit my yearly tax return sent me this:
If you want to receive more net from gross income in 2025, you should apply for an income tax allowance at an early stage. This directly reduces your monthly tax burden and thus ensures a higher net income. Employees with high income-related expenses, special expenses or extraordinary burdens in particular benefit from this option.
https://www.steuergo.de/blog/mehr-netto ... fuer-2025/
I think you just have to fill in some paperwork and sent it off... old school German paperwork
Anyone know if it is worth the effort? I know that will depend; as always; but consider FT employee, €50K Gross, no real deductables as a baseline
Steuergo, who I use to submit my yearly tax return sent me this:
If you want to receive more net from gross income in 2025, you should apply for an income tax allowance at an early stage. This directly reduces your monthly tax burden and thus ensures a higher net income. Employees with high income-related expenses, special expenses or extraordinary burdens in particular benefit from this option.
https://www.steuergo.de/blog/mehr-netto ... fuer-2025/
I think you just have to fill in some paperwork and sent it off... old school German paperwork
Anyone know if it is worth the effort? I know that will depend; as always; but consider FT employee, €50K Gross, no real deductables as a baseline