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News Brief: In 2024, taxpayers can significantly reduce their tax burden by claiming various work-related expenses. The average tax refund for filers is projected at €1,063, as many expenses are recognized as deductible by the tax authorities.

Taxpayers can deduct a standard allowance of €1,230 for work-related expenses, including costs for home offices, commuting, and moving. Home office costs can be claimed at €1,260 annually or €6 per day for up to 210 days. Commuters can deduct €0.30 per kilometer, increasing to €0.38 from the 21st kilometer. Moving expenses are also deductible if related to a job change or a significant reduction in commuting time. Taxpayers can claim a moving allowance of €964, with additional amounts for dependents. Other deductible expenses include training costs, application fees, and specific work clothing. It is crucial for taxpayers to retain all receipts and documentation to support their claims. This information is essential for maximizing tax refunds and minimizing liabilities. نقلاً عن [المصدر]

Original Source: www.handelsblatt.com