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Tax equalization 2025: This is how you get your money back!
The article provides information about the annual wage tax adjustment in Austria: who has to carry it out, important deadlines and common mistakes.
Tax equalization 2025: This is how you get your money back!
The payroll tax equalization in Austria is once again in the spotlight, as the deadline for employers to submit annual payslips to the tax office ends on March 1st. Many Austrians should now think about claiming back the taxes they have paid too much. On Facebook, the Carinthian Chamber of Labor deals with common mistakes that occur when submitting this application. Often the family bonus, which is paid monthly through the payroll, is not reapplied for, which can lead to unexpected repayments. Another common mistake affects employees who have changed jobs during the year - they must ensure that the commuter allowance is also correctly taken into account for the months in the new job, otherwise there is a risk of errors when calculating the tax compensation, warn the experts from the Chamber of Labor, as reported by 5min.at.
Important information about the annual income tax adjustment
The annual wage tax adjustment affects employees whose income comes from employment. The withheld income tax is compared with the tax actually owed. Employers are usually responsible for implementation - this makes the process easier for many employees. This accounting can be particularly important in the short term, for example if special payments such as Christmas bonuses result in a higher tax deduction, explains Shiftbase.com. Companies must ensure that their payroll procedures are correct and that all relevant allowances are taken into account to meet tax requirements.
Employees who do not receive a payroll tax offset during the season are often invited to file an income tax return to claim a refund. In particular, employees with multiple employers or people who receive wage replacement benefits such as sick pay should find out about their options, as these groups are excluded from automatic payroll tax compensation. Questions about these regulations can be answered by guides and videos from the Chamber of Labor.