Save Taxes on Severance Pay in Germany
Severance pay (Abfindung) is not subject to social security contributions. But it is subject to income tax. As you get the whole severance pay in a single month alongside your […]
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Ukraine War Casualties Reach 1.8 Million After Four Years
On 24 February 2022, Russia launched a full-scale invasion of Ukraine. Four years later, combined Russian and Ukrainian losses are reported to be as high as 1.8 million. The Centre for
No More Paperwork to Get Kindergeld
The German government has drafted a law to automatically pay the child’s benefit (Kindergeld) into your bank account. You no longer have to apply for it. The new law for
Become Eligible for Parental Allowance in Germany
Germany’s parental allowance (Elterngeld) is one of the most valuable financial benefits for new parents. But not every parent qualifies. If your income is too high, you lose your entitlement
Tax Saving Tip For Spouses
What Is the Ehegattenschaukel? The Ehegattenschaukel (spousal swing) is a tax-saving arrangement. In this, you sell your rental property to your partner/spouse. Your partner restarts the property depreciation at the
New Rental Reform to Fight High Rents in Germany
The rents in Germany are increasing consistently. This is good news for investors. However, for tenants, it has become very tough to find an affordable place to rent. How to
Did Your Relative Leave Money Behind in a German Bank? Here Is How to Find Out
Up to €4.2 billion is sitting in forgotten German bank accounts right now. Most of it belongs to people who have died. Their heirs have no idea the money exists.
Preventive Medical Check-Ups in Germany
Your public health insurance covers the following preventive medical checkups. Best dental insurance in Germany -> You get further gender-specific medical examinations (G-BA). Preventive medical checkups for women in Germany
Who is Responsible for Clearing Snow and Ice in Germany?
You, as a property owner, are responsible for clearing snow and ice in front of your property during winter. This includes access to the building and, usually, to the sidewalk
Deduct Stock Losses From Taxes in Germany?
You can deduct stock losses from taxes in Germany. However, there are the following exceptions. How does stock loss offsetting work? Suppose you are single and hold two stocks: Other