نقلاً عن Steuererklärung: Krankheit, Pflege, Unterhalt – Wann Sie hohe finanzielle Belastungen steuerlich absetzen können

News Brief: Taxpayers facing significant expenses due to illness, caregiving, or alimony can claim extraordinary burdens on their tax returns. Understanding the thresholds and types of deductible expenses is crucial for financial relief.

In 2024, individuals can claim extraordinary burdens on their tax returns for expenses arising from illness, caregiving, or alimony. These expenses can reduce taxable income, but only costs exceeding a specific threshold, known as the ‘reasonable burden,’ are deductible. For single individuals earning up to €15,340, five percent of expenses are deemed reasonable. Notably, medical costs, including non-prescription medications and travel expenses to healthcare providers, qualify for deductions. Caregivers can claim a care allowance based on the care level, while alimony payments have a maximum deductible limit of €11,784 per dependent. Taxpayers must be aware that certain conditions apply, such as income limits for dependents and the necessity for the recipient to report received alimony as income. This guidance is essential for maximizing tax benefits in challenging financial situations.

Original Source: www.handelsblatt.com