Breaking: Maximize Your 2024 Tax Return with These Essential Tips
Frankfurt – June 19, 2025, 10:43 a.m. – Millions of employees risk missing out on significant tax refunds by not filing their 2024 tax returns. With the deadline fast approaching, it’s crucial to understand which expenses can be deducted to maximize your reimbursement. Robin Dittrich breaks down the key points to ensure you don’t leave money on the table.
Tax Return Deadlines for 2024
Taxpayers have until July 31, 2025, to submit their 2024 tax returns. Special deadlines apply for those who receive income from agriculture and forestry, extending to February 2, 2026. If you use tax advice services, the deadline is April 30, 2026. For others using tax advice, the deadline is September 30, 2026.
Deductible Expenses in Your Tax Return
Many expenses that seem unrelated to taxes can actually be deducted. Employees can claim advertising costs, including commuting expenses (38 cents per kilometer from the 21st kilometer) and business trip expenses. Home office costs, such as work equipment and telephone costs, are also deductible. Failing to specify these can result in the tax office applying a flat rate of 1,230 euros annually.
Moving Costs and Pension Contributions
Professional movers can deduct 964 euros, plus 643 euros for each additional household member. Private movers can claim 20% of their moving expenses. Additionally, contributions to statutory pension insurance up to 27,566 euros can be fully deducted from taxes.
Special Expenses and Educational Costs
Private costs such as insurance contributions, donations, and maintenance payments can be deducted as special expenses. Educational costs, including course fees, materials, and travel expenses, are also deductible. The Tax Office North Rhine-Westphalia provides detailed guidelines on eligible expenses.
Home Improvement and Disease-Related Costs
Homeowners can deduct 20% of labor, travel, and machine costs for home improvements, up to 1,200 euros annually. Household services can be deducted up to 4,000 euros. Disease-related costs, such as physiotherapy and dental expenses, can also be claimed, offering significant savings.
With these tips, you can ensure you maximize your 2024 tax return. Stay tuned to archyde.com for more updates on financial news and tax tips. Don’t forget to mark your calendar for the upcoming deadlines and start gathering your receipts to make the most of your tax refund.
