Germany's 2024 Tax Changes Explained 🤑

Discover the tax changes awaiting you in Germany in 2024! In this concise breakdown, we unpack the 7 major tax changes that will impact your income and expenses. Whether it's maximizing tax benefits or preparing for increased costs, we've got you covered.
🌐 Key Highlights:
💰 Tax Cuts for All: Learn how a €15 billion tax cut benefits every viewer, ensuring you keep more of your hard-earned money.
📉 Tax-Deductible Expenses: Explore actionable steps to decrease your taxable income, from pension contributions to office essentials.
📈 Retirement Savings Magic: Delve into the tax advantages of investing in ETFs within a base pension level 1, unlocking potential government contributions.
🗂️ Painless Tax Filing: Take advantage of the increased tax-free allowance for filing your German taxes, making the process easier and more lucrative.
🚗 Company Car Strategies: Understand the tax implications of electric, hybrid, and regular company cars, maximizing benefits for electric options.
🚨 Challenges Ahead:
🍽️ Dining Dilemma: Brace yourself for a 12% increase in restaurant prices due to the VAT rate returning from 7% back to 19%.
🌍 CO2 Tax Impact: Navigate rising CO2 taxes affecting driving, electricity, and heating costs. Understand the real impact on your expenses.
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[@PerFinEx]

Free meeting with us: perfinex.de/meeting Join our WhatsApp Broadcast: whatsapp.com/channel/0029VaEDMsn3QxRxn4vMJk3c

[@victorfrombcn]

I am perplexed of the high amount of taxes that are due in Germany. At some point we are working 5-6 months a year just to pay taxes. On top of that they are not proportional, the more you learn and you work to earn more, the higher the tax bracket you have to pay, it is completely unfair and removes any motivation to improve your work situation. Is there any Political Party supporting a reduction on this unfair income tax?

[@normalman4762]

.... What??? You can't read or you're stupid it is proportional it grows with your higher income but you only start paying higher taxes at a certain point just like in America

[@SpaceMann314]

Couldn’t have said it better. I simply can’t wrap my mind around how people are okay with this. I get the “free” healthcare and “free” universities, etc… but surely there’s a better system to attain these things while not having to give away half of your income to the government. Also, wants the point of trying to move up the ladder and better your life if you’re basically capped at making 60k a year? Unless you’re in some super specialized IT field, jobs offering 60k + are hard to come by. So why even bother?

[@sayans9065]

Hi Axel, For an investment property, is the “kauf nebenkosten” (like the 10~13% of the house price) tax deductible?

[@deesiInGermany]

F

[@PerFinEx]

If you buy an investment property, you can deduct the closing costs (notary, ground purchsing taxes, real estate agent) from your taxes. If you buy a home for yourself to live in, you cannot deduct the closing costs from your taxes.

[@emermbiemeri]

6 milion hebrej i kini masakru

[@thimmug5553]

Hi Axel, please do more videos about different legal ways to reduce crypto taxes. It will help people in bull run.