Tax exemptions are increasing: This is how employees and pensioners benefit!

Tax exemptions are increasing: This is how employees and pensioners benefit!

Vienna, Österreich - The tax equalization regulations for 2024 bring significant financial relief for employees and pensioners. Like vienna.at reported, those affected benefit from increased deduction amounts and an average credit of 1,000 euros. Particularly gratifying: Even if you pay little wage tax, you are entitled to receive up to 1,331 euros as a repayment thanks to the so -called negative tax, which acts as a social security refund for those with a low tax burden. For 2024, the maximum reimbursements of social insurance amount to up to 55 percent, which corresponds to around 1,215 euros.

Another central point are the retroactive changes to the tax allowances that come into force from January 1, 2024. Haufe emphasizes that the adjustments are made by various laws, including the annual tax law 2024 Increase basic allowance from 11,604 euros to 11,784 euros. Married parents can also look forward to an adapted child allowance, which was raised from 3,192 euros to 3,306 euros. These increases have a positive effect on wage and income tax and contribute to the financial relief of the employees.

Special regulations for employees

For the month of December 2024, employers must observe the increased allowances for the first time, which means that tax reliefs with the payment of wages become effective and wrongly paid taxes are reimbursed for previous months. This also applies to so -called annex taxes as the solidarity surcharge. Also new are the regulations for the annual pay tax equalization, which is known to adapt the tax conditions for employees from the turn of 2024/2025.

Overall, there is a comprehensive package of tax reliefs that aim to reduce the financial burden for many citizens and to create incentives for the work recordings.