Hot Updates on 2024 Tax Returns: What's Changed for Individuals and Businesses in Germany
Anticipating Your 2024 Tax Submission: Key Factors to Ponder - 2024 Tax Filing Reminder: Crucial Information to Keep in Mind
Hey there! Let's chat about the latest deets on tax returns for the 2024 fiscal year in Germany.
Tax Return Deadlines
Wanna bag that refund quickly? Mark your calendars! The deadline for filing single tax returns for the year 2024 is Thursday, July 31, 2025. But hold on – if you've got a tax advisor by your side, you've got until April 30, 2026 to submit your tax return in style. Just remember, exceptions can happen, so your tax office might demand an earlier submission under special circumstances [1].
Relief is Now on the Horizon!
Good news! The German government has given the green light to some tax relief measures for the tax year 2024:
- Basic Allowance – It's risen like a phoenix, baby! The basic allowance has soared from €10,908 to a whopping €11,784! Whoohoo! What does that mean? You won't have to pay a single penny in taxes on your income until you hit that nice round number [1].
- Child Allowance – It's about to rain some serious cash! The child allowance is ready for a boost – it'll increase by 600 euros for the tax year 2024, skyrocketing up to €6,612! That's a total of €3,306 per parent. Cheers to more money in your pocket! [1]
Small Changes That Matter
Of course, there are a few more tweaks that are worth mentioning:
- Mini-Job Threshold – Ready for a nominal increase in the mini-job threshold? Get ready! It's hiking up to €538 per month, thanks to the raising minimum wage to €12.41 per hour (€12.82 expected in 2025) [1]
- Tutoring Costs – Wondering about the cost of tutoring? Here's your answer! You can claim tutoring expenses up to €1,286, which is €105 more than in the previous tax year [1]
- Flood Victims – If you've been hit by the floods in 2024, never fear! You'll receive special relief measures, such as deferrals, simplified donation proofs, and tax benefits [1]
- Corona and Ukraine Aid – You can still donate to Corona and Ukraine aid and benefit! You can deduct these donations as special expenses amounting to up to 20% of your income [1]
So, there you have it – the hottest tips and updates on the tax scene for the 2024 fiscal year in Germany!
- Tax Return
- Deadline
- Relief Measures
[1] Information and data adapted from the enrichment data provided.
- Individuals filing single tax returns for the 2024 fiscal year in Germany should note the revised deadline of Thursday, July 31, 2025, for self-filing, or April 30, 2026, if using a tax advisor.
- Relief measures for the 2024 tax year include an increased basic allowance (€11,784), enhanced child allowance (€6,612 per child), and special considerations for flood victims, donations to Corona and Ukraine aid, and a nominal increase in the mini-job threshold. These changes affect personal-finance and community aid, specifically the aid scheme for tax returns in Germany.
