نقلاً عن Steuererklärung 2024: Diesen Steuertrick bei Bonuszahlungen sollten Angestellte kennen

News Brief: Employees can save on taxes by strategically timing bonus payments, according to financial experts. Delaying bonuses until January can reduce taxable income for the previous year.

In 2024, employees receiving bonuses should consider delaying payment until January 2025 to minimize their tax burden. This strategy allows for a lower taxable amount, as the bonus is treated as if it were distributed throughout the year, preventing a spike in tax liability. The annual tax-free allowance, known as the Grundfreibetrag, will increase from €11,784 in 2024 to €12,096 in 2025, allowing for further tax savings. Additionally, bonuses paid as meal allowances or contributions to childcare costs remain tax-exempt. Importantly, bonuses do not affect parental benefits, as they are classified as ‘other income’ and excluded from calculations. This information was reported by financial experts and is crucial for employees to understand for effective tax planning.

Original Source: www.handelsblatt.com