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Frequently asked questions

Common questions asked by our clients.

How do tax deductions work?

Ever since the release of Adam Smith’s “Wealth of Nations”, Nation states have realized that they should only tax income. Ho...
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Are life insurance premiums tax-deductible?

For traditional life insurance policies, premiums are generally tax-deductible as long as the policy is held for a minimum of 12 y...
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Are interest payments tax-deductible?

This depends on the kind of loan. Usually, they are not deductible. But if you use the money to buy real-estate and rent it out, t...
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Are relocation expenses tax-deductible?

As part of the so-called household-related services, you can deduct 20 percent of the expenses per year, up to a maximum of 4,000 ...
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Are student loan payments tax-deductible?

In most cases, student loan payments are not tax-deductible as a personal expense. However, there may be certain tax benefits avai...
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Is after school care tax-deductible?

Yes, childcare costs can be deducted from your tax. Up to €4000 per year.
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How to change tax class in Germany?

You can only change your tax class by marrying, getting a divorce or altering your employment situation.
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Tax classes in Germany

There are a total of 6 tax classes based on your life- and professional situation. Tax class 1: for singles. Tax class 2: for sing...
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How is inheritance tax calculated?

The inheritance tax is dependent on how close the deceased and the heir are related. A closer relation, like children or siblings,...
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What is tax relief on pension contributions?

In Germany several kinds of pension insurance include a tax relief on the contributions. This means that the money paid into the c...
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How much is income tax in Germany?

Germany has a progressive tax; this means that the tax-rate will rise with your income. It starts with about 14 % if your income i...
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What is my tax class in Germany?

Your tax class is directly linked to your life- and professional situation. You have to look up which one fits you best.
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Why are taxes in Germany so high?

Taxes are always too high. Nobody on this planet likes to pay taxes. The question of whether they are too high depends on your per...
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