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Anyone who has ever filed tax returns knows that it takes a fair amount of work, especially if you are figuring it out on your own. Whether you are a newbie or an experienced old-timer, the struggle is worth it only if you get a substantial amount back from the tax office. So why not […]

Aug 18, 2022 | by Jana Teuber

#Common Mistakes

Cheating on The Tax Return: Tricks and Risks

While cheating in the tax return sounds exciting, it’s also a punishable offence. The risks are high because the tax officials are aware of the common tricks taxpayers use to get higher tax refunds.

Aug 18, 2022 | by Jana Teuber

#Documents & Deadlines

Aufbewahrungspflicht: Which tax documents to keep and for how long?

The storage of receipts, invoices, bank statements etc. — Although mandatory for the self-employed,employees don’t have the same obligation. Read on to find out which tax-related documents you need to retain and for how long.

Aug 18, 2022 | by Jana Teuber

#Must Do

Should I Declare Airbnb Revenue on My Tax Return?

Subletting via internet platforms is a quick way to earn money. Income from Airbnb, Wimdu and similar online rentals is often taxable. Find out what you have to pay attention to.

Aug 18, 2022 | by Julian Schwarzmann

#Save Money

Should I Apply for Child Benefit or Child Allowance?

Families with children have access to child benefit (Kindergeld) and child allowance (Kinderfreibetrag). The tax office can calculate which tax variant is more favourable for you when submitting a tax return. You can also discover the tax breaks available to families with children to survive the COVID-19 pandemic.

Aug 18, 2022 | by Julian Schwarzmann

#Save Money

Tax return for single parents: How to increase your household budget with your tax return

The number of single mothers and fathers has risen sharply compared to 2000. Every fifth child (about 2.4 million) lives only with the mother or father. For many, this living situation is associated with numerous financial challenges. In this article, we would like to use a tangible example to explain which additional income sources are […]

Aug 18, 2022 | by Julian Schwarzmann

#Calculators

Brutto? Netto? How net and gross impact your income

On the paycheck, all invoices, and your tax return, a distinction is made between gross and net. Many employees notice this difference every month on their bank statement when they realize what is left after income tax and social security contributions.

Aug 18, 2022 | by Julian Schwarzmann

#News

Tax Changes 2021

The COVID-19 pandemic will be with us through 2021, resulting in more tax changes than usual. We are providing an overview of what changes for your taxes. We’ll also tell you what you need to be aware of and the cases where you can earn savings.

Aug 18, 2022 | by Jana Teuber

#Tax Classes

How to Change Your Tax Class: Possibilities During the COVID-19 Pandemic

Many taxpayers have faced financial losses during the COVID-19 pandemic. The reason: short-time work (“Kurzarbeit”) or an imminent job loss. From a tax point of view, it is possible to reduce the monthly losses and improve the net wage. Any guesses how? By changing your tax class or “Steuerklasse”. This article shows you how.

Aug 18, 2022 | by Jana Teuber