Tax strategies 2024: How to save clever in the home office!

Tax strategies 2024: How to save clever in the home office!

Vienna, Österreich - The tax Situation in Austria will be particularly exciting at the end of 2024, since there are numerous options for asserting expenses and minimizing the tax burden. In view of the severely increased cost of living, many are looking forward to saving taxes. Wilfried Krammer from Deloitte Austria emphasizes that private individuals should take a close look at their expenses. The latest regulations have made it possible for up to 1,260 euros per year since 2024, whereby six euros can be billed per working day in the home office, regardless of whether there is a separate study or not, as reported on the website of finance freak.

Tax advantages through home office regulations and donation deductions

With the introduction of the home office flat rate, employees have significantly benefited from the latest tax changes. From 2024, employees who have worked in the home office for at least 26 days can assert costs for ergonomic furniture. In addition, expenses for disaster damage, such as flood or storm damage, can be taken into account in full as extraordinary loads, which is of great importance for many after the weather-related damage in 2024. These regulations not only offer clarity, but also financial relief for those affected.

In addition, there are new developments regarding the donations that are also relevant for the coming year. In this way, donations can be discontinued to favored facilities, and the maximum limit for deductible donations has been increased. Krammer points out that the tax deduction for expenses for the thermal-energetic renovation of buildings and the necessary investments to improve heating systems can also be taken into account for tax purposes, which should delight many homeowners. These comprehensive innovations make the year 2024 an important year for tax relief in Austria.