Tax reduction for pensioners: How to secure 1,331 euros in repayment!

Tax reduction for pensioners: How to secure 1,331 euros in repayment!

Enjoyable news for employees and retirementists in Austria! In the coming year 2024, increased deduction amounts and valorizations will be expected to have generous tax repayments to the citizens. As Kosmo can be accumulated by average of around EUR 1,000. This does not only affect taxpayers with higher taxes; Those with minimal tax burden also benefit from a so -called "negative tax" that could allow reimbursements of up to 1,331 euros per person. Those affected can receive these repayments either as a direct payment or as a social security bonus.

In addition, planned increases in the reimbursements for 2025 ensure additional ZAGE, because the maximum reimbursements for employees could even be up to 1,398 euros and for pensioners up to 637 euros. There is good news for families: The additional child amount is raised from 550 euros to 700 euros per child, which creates additional financial scope.

tax relief for pensioners 2025

The year 2025 brings significant changes for pensioners that they should not overlook. According to pensioner knowledge , the basic allowance increases to 12,000 euros for single people and 24,000 euros for couples. The taxable share of pension for new pensioners is increased to 89 %, which means that the tax burden decreases considerably if the pensioners claim the allowance. Practical examples of what the tax burden looks like at different pension heights show that pensioners with a monthly pension of 1,500 euros only have to pay an average of EUR 563 a year.

In addition, there are tips on tax optimization for pensioners, including the possibility of claiming special expenses and advertising costs. These innovations aim to minimize the financial burden on pensioners and help them to make their tax returns more efficient.