Tax season is upon us, and it’s time to start planning for the upcoming tax season in Austria. In order to maximize your tax savings, it’s important to know what deductions are available, and which ones apply to you. This tax deductions checklist will help you understand what you can and can’t deduct from your taxes in Austria for 2021.
What Can I Deduct from My Taxes in Austria?
There are a variety of deductions available in Austria for 2021, including deductions for medical expenses, charitable donations, and home office expenses. Additionally, you can deduct certain costs associated with owning a vehicle, such as registration fees, maintenance costs, and fuel costs.
Medical Expenses
Medical expenses are one of the most common deductions in Austria. You can deduct the cost of medical treatments, prescriptions, and medical equipment such as hearing aids and wheelchairs. You can also deduct the cost of health insurance premiums, as well as the cost of any medical treatments received abroad.
Charitable Donations
Charitable donations are also deductible in Austria. You can deduct up to 10% of your total income for donations to approved charities. In addition, you can deduct any costs associated with volunteering for a charity, such as travel costs and supplies.
Home Office Expenses
If you work from home, you may be eligible to deduct certain expenses associated with your home office. This includes the cost of any equipment you purchased for your home office, as well as any internet and phone expenses.
Vehicle Expenses
If you own a vehicle, you can deduct certain costs associated with it. This includes registration fees, maintenance costs, and fuel costs. Additionally, you can deduct the cost of any parking fees or tolls you pay.
By understanding what deductions are available in Austria, you can maximize your tax savings. This tax deductions checklist will help you understand what you can and can’t deduct from your taxes in Austria for 2021. With careful planning and accurate record-keeping, you can ensure that you get the most out of your tax return.
