Tax refunds 2025: This is how millions of Austrians can secure up to 1,000 euros!

Tax refunds 2025: This is how millions of Austrians can secure up to 1,000 euros!

In 2025, millions of Austrians will have the opportunity to apply for income tax compensation in order to often receive around 1,000 euros back from the tax office. How oe24 reported, these refunds can be significantly increased through various tax reductions that apply in 2023.

A particularly important point is the family-related tax deductions. The Family Bonus Plus offers up to 2,000 euros per child under 18 and 700 euros for older children. The increased additional allowance for children of 700 euros also represents significant financial relief. In addition, single parents and single earners benefit from tax deductions instead of 601 euros.

Tax advantages and deductions

However, the tax benefits are not just limited to families. The commuter allowance can be up to 3,672 euros per year, without taking into account the temporary inflation surcharges. The home office flat rate of 300 euros and a further 300 euros for ergonomic office furniture also offer tax savings of up to 600 euros.

Another positive aspect of Austrian tax policy is the deductibility of church contributions up to 600 euros and the expansion of the donation deduction to 10% of income, which now also applies to sports and music clubs. The new volunteer allowance was introduced for volunteers, which is tax-free up to 3,000 euros.

Experts recommend acting quickly

According to tax experts, it is important to act quickly to claim all possible refunds. It is advisable to collect receipts for advertising expenses over 132 euros as well as for work equipment and training costs. The tax equalization for 2024 can be submitted now, which gives many taxpayers the chance to take care of their finances at an early stage.

Austria has an average tax burden of 22.5% in the international tax landscape. For comparison: In Germany this value is 29.3% and in the USA it is even 33.4%. From 2024, corporate tax will also be reduced from currently 25% to 23%, which should benefit companies. These factors could increase the attractiveness of Austria as a business location.

Overall, the Austrian tax system offers citizens considerable relief through numerous deduction options and discounts. In addition to the flat rates and deductions discussed, research bonuses and relief for start-ups are also available to promote innovation and economic growth. Dealing with tax returns responsibly and taking advantage of the opportunities offered could lead to noticeable financial relief for many Austrians regionalsuche.at shows.