نقلاً عن Steuererklärung 2024: Wie Sie haushaltsnahe Dienstleistungen absetzen

News Brief: Taxpayers can significantly reduce their tax burden in 2024 by deducting costs associated with household services and repairs. Eligible expenses can lead to savings of up to €5,710 per year.

In 2024, individuals can claim deductions for household services and handyman work, which directly reduce their tax liabilities. Taxpayers can deduct 20% of qualifying expenses, with a maximum of €4,000 for household services and €1,200 for handyman services. Even renters can benefit by claiming costs from their utility bills, such as chimney sweeping and snow removal. Importantly, expenses must be documented with invoices and cannot be paid in cash. The Federal Ministry of Finance specifies that only labor and travel costs are deductible, excluding materials. This approach allows low-income earners to potentially reduce their tax liability to zero, as they cannot receive refunds exceeding their tax payments. For those with higher expenses, deferring payments to the following year may be advisable. First published: 17.03.2025, 11:26 Uhr.

Original Source: www.handelsblatt.com