Grabbing Your Share of 2024 Tax Relief: Essential Tips and Changes
Breaking Down 2024 Tax Year Updates
Raised Basic Allowance
File Your 2024 Tax Return: Key Points to Consider - 2024 Tax Filing Reminder: A Crucial Matter to Remember
Maximize your tax savings with the enhanced basic allowance that now stands at 11,784 euros, exempting you from tax on this income amount.[1]
Boosted Child Allowance
Bonus cash coming your way! The child allowance is cranking up to 6,612 euros per child (3,306 euros per parent) for the 2024 tax year. [1]
Enhanced Moving and Tutoring Expenses
Movers receive a boost with an increased moving allowance of 964 euros and a tutoring allowance of 1,286 euros.[1]
When's the Cutoff for 2024 Tax Returns?
Calendar for 2024 Filings
- General Taxpayers: Submit your tax return by Thursday, July 31, 2025 (excluding August 31 due to holiday)
- Working with a Consultant? Your deadline is April 30, 2026
- Voluntary Submissions: Deadline extends to December 31, 2028[1]
Miss the Deadline? Need More Time?
Extensions for Special Cases
Request a deadline extension from the relevant tax office due to illness, extended travel, or missing documents. Find out if your appeal is successful via separate communication from the tax office.[1]
Who Needs to File a 2024 Tax Return?
Required Filers
- Couples with tax classes 3/5 or 4 with a factor
- An employee with tax class 6
- Self-employed individuals
- Recipients of untaxed income of more than 410 euros
- Pensioners with income exceeding the basic allowance of 11,784 euros.[1]
Easy Tax Return Filing Alternatives
Elster Online Portal
Ditch paper work! Tax returns can now be filled in and submitted via the free online Elster portal. [1]
Tax Software or Apps
Want a helping hand? Purchase tax software or apps at a cost between 20 and 45 euros for assistance with tax returns. Stiftung Warentest recommends Wiso.[1]
Tax Assistance Associations and Tax Advisors
In case of complicated circumstances, seek guidance from a tax assistance association or a tax advisor for around three-digit fees (prices subject to income and complexity of case).[1]
- 2024 Tax Year
- Key Changes
- Deadlines
- Tax Software
- For personal-finance management during the 2024 tax year, consider taking advantage of community aid schemes, such as tax software or apps, which can help simplify the process of filing returns, with cost-effective options ranging from 20 to 45 euros, as recommended by Stiftung Warentest.
- To ensure proper distribution of financial resources, the aforementioned enhancements to the tax relief schemes, including increased basic, child, moving, and tutoring allowances, should be factored into your overall aid scheme strategy for 2024.
