Tax refund made easy: So you get money back!

Tax refund made easy: So you get money back!

An alarming number results from the current surveys: Around 1.7 million Austrians do without their employee assessment and thus a possible tax refund, which could be over 500 euros. Many do not know that they can bring money back from the state with tax compensation. According to Aleksej Sinicalyn, the founder of "Taxefy", a financial app for tax compensation, many citizens leave the chance unused because they do not know the possibilities to deduct their expenses. The year 2024 was particularly challenging for many, since the high inflation paired with storm damage that causes immense costs that increased financial burdens. Under certain conditions, clean -up costs and replacement costs can be deducted as "extraordinary loads", as Wilfried Krammer from "Deloitte Austria" explains.

If you work in the home office, you can claim up to 300 euros annually for furniture and equipment. In addition, donations can also be deducted to favored facilities, which means that taxpayers can get up to 600 euros back if they donate to churches. Other deductible costs include expenses for the energetic renovation of buildings and commuter flat rates, depending on the distance to the workplace. The annual pay tax compensation is particularly important, the employer obliges to make repayments to employees in the event of excessive tax deductions. This process ensures that the actual tax deduction is determined on the basis of the wages and, if necessary, too much wage tax is reimbursed, such as 5min.at urgent is.