Tax compensation 2024: This is how Austria's employee will get your money back!

Tax compensation 2024: This is how Austria's employee will get your money back!

Austria's worker can look forward to a lucrative repayment: the tax equalization for 2024 can be submitted from March 1, 2025. Up to 1,150 euros in repayments are possible, even with gross income of less than 1,300 euros. As the Chamber of Labor explains, the application is worthwhile in many cases, because experts agree: "You usually get out better". For professional training and further training, home office costs or families with children, there are additional deduction options that can further increase the amount. The family bonus, for example, can be up to 1,500 euros per child per year.

Another exciting aspect is the new tax app, which enables employees to apply for tax equalization in just a few minutes. The average repayment amount is impressive this year with impressive 1,000 euros, which makes the process considerably easier because everything can be done directly from the smartphone. According to finance.at , the corresponding documents can be submitted before the official submission date in February, but the processing can only begin as soon as all annual wages have arrived at the tax office.

deadlines and repayments

The employee assessment must be submitted electronically by April 30, 2025 at the latest or by June 30, 2025. Anyone who does not meet this obligation should know that from July 2025 there will be an automatic, applicable employee assessment, which, however, could lead to lower repayments on average. Like 5min.at , these or missing applications cause a difference of up to 500 euros in the repayments. Therefore, it is advisable to actively take care of your own tax return and do not give away any potential repayments.

With all these innovations and the possibility of using the tax app, the employees have many doors open to get their hard earned money back. If you are still undecided, you should take a closer look at the advantages of digital solutions and act quickly to get the maximum repayments!