Attention pilots and flight attendants. That will change in 2024...
Hi, crew! Here is your flight schedule for the 2023 tax return. Whether you are called upon to make a mandatory assessment or submit your tax return voluntarily — put these dates on your checklist! You have four years to submit voluntarily, i.e. until 31.12.2027, to be exact. But watch out: The official deadlines are here to keep you on track:
From 2023, more of your money will remain tax-free in your wallet — the basic allowance rises to 10,908 euros. We are already planning an increase to 11,604 euros for 2024. This means that you can look forward to more freedom for your finances.
The cold progression is being mitigated by tax rates rising by 7.2 percent in 2023 and 6.3 percent in 2024. Your income is therefore taxed higher later, so that you effectively retain more of your salary. In short: Less taxes, more for you.
The taxable income is divided into different zones. Here is a brief navigation guide through the tax formulas:
The rich tax only starts in 2023 and 2024 with income above 277,826 euros. As a result, the top tax rate of 45% remains out of sight for most of us.
From 2023, child benefit will rise to 250 euros per month and child, and the child allowance will climb to 6,024 euros. This gives you more flexibility and financial freedom as a family.
Parents, watch out: The education allowance for your children, who are just spreading their wings and learning, rises to 1,200 euros from 2023, which is additional support as they navigate through their education.
From 2023, single-parent pilots and flight attendants will receive a higher relief of 4,260 euros, plus 240 euros for each additional child. This allows you to better protect yourself and your children.
From 2024, you can earn up to 538 euros per month as a mini-jobber without slipping into a higher tax bracket. This gives you more leeway to earn extra money on the side.
There will be new tax options for working from home from 2023. Regardless of whether you work in a separate room or at the kitchen table corner, you can now set off certain packages.
The meal allowance will increase from 2023, so that you can tax deduct more of your food on longer flights and layovers.
The savings allowance will increase from 2023, which means that you can keep more of your investment income tax-free.
You can now offset losses from capital assets with your partner. It's like a co-pilot for your finances.
From October 2023, you can benefit from a new degressive depreciation, which will help you to deduct more of your investments.
For those of you who retire in 2023, the tax percentage is changing. This means that you can look forward to a little more net of your gross pension.
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