Inflation – one can claim the cost of living deduction of 500 euros

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With tax equalization, you can get back several hundred euros per year. There is more money for people with lower incomes this year.

The employee assessment (tax equalization) pays off, especially this year. Up to an income of 24,000 euros can claim the cost-of-living deduction of 500 euros, reports the “ORF.” This is one of the measures from the Anit inflation package of the government. However, this only applies this year.

Families, as well as commuters, will also get more money. According to the Chamber of Labor, a family with one child can get back up to 2,000 euros yearly. For single earners or single mothers, up to 500 euros will be added. And for May to December 2022, double the commuter allowance and four times the commuter euro will apply.

The employee assessment can be done via “FinanzOnline” or at the tax office. The prerequisite for this is the annual pay slip from the employer. The best time to do the wage tax equalization is March, says Julia Scharitzer, tax law expert at the Chamber of Labor of Lower Austria.

In 2021, the so-called home office lump sum was introduced during the Corona pandemic to deduct employee costs for tax purposes. This is possible again this year.

Anyone who worked from home in 2022 can claim a flat rate of three euros per day for the costs incurred for space, electricity, Internet, telephone, etc. A maximum of 100 days per calendar year can be taken into account – this results in a lump sum of up to 300 euros, reports “finanz.at”.

  • source: heute.at/picture: pixabay.com
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