Child benefit (Kindergeld), child allowance (Kinderfreibetrag), or alimony (Unterhalt) – as a parent, you have plenty of ways to save money from taxes. Find information on deductible costs – including tips for single parents.
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.