Tax Tips and Tax Return
Here are the tax tips on tax returns that you should be aware of.
Items in the tax return that you should check extra carefully and consider carefully are:
1. Telephony (Item 2.1)
2. Travel allowance (item 3.2.8)
3. Parental allowance (item 3.2.10)
4. Trade union quota (Item 3.2.11)
5. Refinancing (Item 3.3.1)
6. Trading in shares (item 3.3.7)
7. Gifts (Item 3.3.7)
8. Sickness expenditure (item 3.5.4)
9. Housing (Item 4.3.2)
10. Proper tax class
11. Did you forget something from last year?
Find out if there are things you forgot about last year or the year before that can be included in this year’s tax return !
All of these items are the most common items for saving a lot of money
Several tax tips are as follows:
More than 35 km to and from work?
If you have more than 35 km of transport to and from work, you can deduct this from the tax. The rate is NOK 0.70 per km. So remember to research how much you travel.
Are you giving money for good things?
If you have paid or raised a lot of money for charities such as the Cancer Society, Amnesty International, etc. you should check if this is reported on your tax return. If you have not received vouchers for your good deeds, you can contact the organizations and ask to receive this. You can only claim deductions for the vast majority of charitable contributions.
Have you purchased an apartment for your child?
If you bought an apartment for your child, you can deduct up to 59 percent of interest on the loan.
If you pay child support:
If you are divorced you should remember to inform the tax and child support that they transfer directly to their former partners. This is not a register that keeps track of this. As a divorced woman, you may be required to pay contributions to a child and confirm this. Contributions may in some cases be tax deductible, but you must make sure that you disclose this to the public.
Costs of your job?
Maybe you decorated the house at work? Or bought laundry for your workplace? Or maybe you are a car salesman you are and are attending a car fair in Germany? If you answer yes to the fact that you have had expenses to maintain dome professional skills, you may be able to deduct this.