6 Tax Tricks in Germany: Pay Fewer Taxes When Filing Tax Declaration | How to Save Taxes in Germany

SdĂ­let
VloĆŸit
  • čas pƙidĂĄn 9. 05. 2024
  • Many people believe the more money they make, the more taxes they have to pay in Germany. But that is not necessarily true. đŸ˜±
    Thanks to our 6 legal tax tricks you will know how to take advantage of the German tax code and lower your tax rate. Employees in Germany, self-employed or business owner - everyone can save thousands of Euros in taxes with our 6 legal tax tricks.
    Read the article on our website: perfinex.de/6-legal-tax-trick...
    Axel's PhD Survey: forms.gle/U76cDHtnt2eqXuDe8
    Videos Axel mentioned:
    Best Savings Accounts in Europe With High Interest Rate | Emergency Fund With Weltsparen & Zinspilot
    ‱ Best Savings Accounts ...
    Passive Income in Germany | Earn Passive Income With Dividends, Interest & Rental Income in Germany
    ‱ Passive Income in Germ...
    Which German Pension Is Best for You? | German Pensions with Scenarios for Expats Living in Germany
    ‱ Which German Pension I...
    German Pensions Level 1: Public Pension & RĂŒrup | High Tax Benefits for Your ETFs in RĂŒrup Pension
    ‱ German Pensions Level ...
    German Pensions Level 2: Company Pension & Riester | Tax Benefits & Government Bonuses with Riester
    ‱ German Pensions Level ...
    German Private Pensions Level 3 | The Right Pension for Expats with Tax-Free Growth of Your ETFs?
    ‱ German Private Pension...
    -----
    00:00 Intro
    02:48 Disclaimer: PerFinEx Is No Tax Advisor
    03:48 Tax Trick #1: File Your Tax Return Intentionally Late
    05:49 Tax Trick #2: Take A Faster, But Longer Way To Work
    07:19 Tax Trick #3: Work Space (Home Office) In Your Home
    08:50 Tax Trick #4: "Arbeitnehmer Pauschbetrag"
    10:50 Tax Trick #5: Pensions Level 1 & Pensions Level 2
    12:35 Tax Trick #6: Real Estate As Investment
    -----
    PerFinEx - Personal Finance for Expats
    The #1 English-Speaking & Independent Financial Planner in Germany
    -----
    Set Yourself up for Financial Success!
    Text Us on WhatsApp: +49 175 50 30 773
    Secure a Meeting with Us: perfinex.de/meeting/
    -----
    Like & Follow Us on Social Media!
    Instagram: / perfinexgermany
    Facebook: / perfinexgermany
    LinkedIn: / perfinexgermany
    -----
    The content of this CZcams channel is provided for informational, educational, and entertainment purposes only and is not intended to constitute accounting, financial, legal, and/or tax advice. None of the information presented is intended to form the basis for any personal financial decision. Consult a professional financial advisor or conduct your own due diligence. PerFinEx makes no guarantee about the accuracy of the information contained in this CZcams channel or in links to other websites. Publication or reproduction of any content of this CZcams channel is strictly prohibited and punishable by law. By viewing, you acknowledge to have read this agreement, understand it, and agree to be bound by it. If you disagree in any way, you are not permitted to view our content. Neither PerFinEx, nor anyone acting on their behalf, will be liable under any circumstances. © PerFinEx. All rights reserved. Any liability excluded.

Komentáƙe • 38

  • @EdvinLu
    @EdvinLu Pƙed 2 lety +20

    Video starts at 3:50

  • @VidimusWolf
    @VidimusWolf Pƙed 4 měsĂ­ci +1

    I really appreciate your video! Thanks!

  • @sukhoi102
    @sukhoi102 Pƙed 2 lety +3

    Awesome content Axel 👍

    • @PerFinEx
      @PerFinEx  Pƙed 2 lety

      Thank you very much for watching. Hope the video is helpful to you. 👍

  • @yasharze4587
    @yasharze4587 Pƙed rokem +1

    Thanks so much for such useful tips. What about employee contribution to health insurance premium? Is that not tax deductible too?

  • @juricapribolsan9616
    @juricapribolsan9616 Pƙed rokem +1

    Hello, can I use Arbeitnehmer-Pauschbetrag if I have Kleinunternehmer? Thank you.

  • @AsifSaifuddinAuvipy
    @AsifSaifuddinAuvipy Pƙed 7 měsĂ­ci

    What about other costs like transport food n housing rent

  • @user-qj7ht5qk1y
    @user-qj7ht5qk1y Pƙed 16 dny

    private health insurance premiums are also tax deductible, right?

  • @andrealves9045
    @andrealves9045 Pƙed 3 měsĂ­ci

    Do I have to declare (fictional) expenses under Arbeitnehmer-Pauschbetrag? Or do I simply submit a tax return and this lump sum is automatically deducted?

  • @user-st5sq7of3o
    @user-st5sq7of3o Pƙed 2 měsĂ­ci

    In which part of tax declaration should we apply for this Pauschbetrag

  • @Sabrina-ll6lo
    @Sabrina-ll6lo Pƙed 2 lety +4

    Hi, I fill out the survery, but there two question it didnt let me choose what i wanted (i did it on my phone). Cheers, great video again.

    • @PerFinEx
      @PerFinEx  Pƙed 2 lety

      Thank you very much for watching & helping with the PhD survey! 😊

  • @SpookySkeletons
    @SpookySkeletons Pƙed 2 lety +5

    Wait, so you buy a flat, rent it out and you'll get all the running costs back?! So if the one who rents the flat pays you like 800 € a month, you'll keep the whole stack?

    • @PerFinEx
      @PerFinEx  Pƙed 2 lety +6

      Kind of. If you buy Real Estate in Germany as an investment and rent it out, most of the costs you have will be tax deductible (e.g. interest you pay to the bank, depreciation, management costs, etc).

  • @HarshitBhasin-qt4vl
    @HarshitBhasin-qt4vl Pƙed 4 měsĂ­ci

    Which deductions from tax amount and which deductions are from taxable income? This is not clear! Could you please clarify?

  • @hardynow97
    @hardynow97 Pƙed rokem +4

    Bro it is already half the video and he still saying before we start 😑

  • @chickletsushi2761
    @chickletsushi2761 Pƙed 2 lety

    I was wondering if a person with a retirement salary would be taxed if they moved to germany? I mean, their homecountry is providing them with this salary, germany wouldn't tax it, right?

    • @PerFinEx
      @PerFinEx  Pƙed 2 lety

      For tax advice, please reach out to a professional tax advisor. 👍

    • @shiva5774
      @shiva5774 Pƙed rokem

      Dm via telegram 👆👆👆

  • @namenl2205
    @namenl2205 Pƙed 2 lety +3

    4:50 hahah OMG we need this in the Netherlands đŸ€Ł imagine if our tax government will pay us a fine đŸ‘đŸœđŸ˜‹

    • @PerFinEx
      @PerFinEx  Pƙed 2 lety +2

      Very happy to hear that the German Finanzamt is good in comparison to other tax authorities around the world!

    • @shiva5774
      @shiva5774 Pƙed rokem

      Dm via telegram 👆👆👆

  • @youtubegoogle31
    @youtubegoogle31 Pƙed rokem

    Here you calculated 10km just one way. Wouldn’t that be 20km per day to and from work?

    • @PerFinEx
      @PerFinEx  Pƙed rokem +1

      Unfortunately, Finanzamt allows to deduct only one way per workday from your taxes.

  • @newearthintegration4726
    @newearthintegration4726 Pƙed 2 lety

    May I ask: can we use the Pensions to invest in crypto as well ?

    • @PerFinEx
      @PerFinEx  Pƙed 2 lety +1

      Depending how things develop with crypto that may be possible in the future, but not right now.

    • @shiva5774
      @shiva5774 Pƙed rokem

      Dm via telegram 👆👆👆

  • @rosesprog1722
    @rosesprog1722 Pƙed 9 měsĂ­ci

    He, he, there's a video a little lower on the page called: "11 BIG Financial Changes in Germany in 2023: Is it TIME to LEAVE??" Who should I believe?

    • @PerFinEx
      @PerFinEx  Pƙed 7 měsĂ­ci +2

      It‘s probably best if you watch both videos to get as much information as possible to form your own opinion.

    • @rosesprog1722
      @rosesprog1722 Pƙed 7 měsĂ­ci

      @@PerFinEx (that's what I did, shhh)

  • @mohsenm8560
    @mohsenm8560 Pƙed rokem +2

    I think there is big mistake in your table! You put the penalty interest amount (240€) on the same row as other tax returns, for example home office (600€). This is confusing because the 240€ is the real money you get from finanzamt, but you get back "the tax payed on 600€" (which is about 50€) not whole the 600 €! This is also true for other columns!
    So I think your video is miss-leading!
    Am I wrong?

    • @PerFinEx
      @PerFinEx  Pƙed rokem +1

      The table shows the tax-deductible amount so viewers know what number to put into their tax declaration. If we wanted to show the "real money you get from Finanzamt" as you put it, we would have to show 42 different tables for the 42 different percentages people have in income tax.

  • @sofuno863
    @sofuno863 Pƙed 5 měsĂ­ci

    bro spent 3 minutes + doing introductions!

  • @user-kl1me6rc5b
    @user-kl1me6rc5b Pƙed rokem +3

    this guy talks too much. go stright to the point man dont waste our time

    • @brianmandy2234
      @brianmandy2234 Pƙed rokem

      I swear

    • @linhquach9704
      @linhquach9704 Pƙed rokem

      You can skip or you dont even have to watch the video. Did he beg you to watch his video? It took more time for him to make the video than for you to watch it.