How to file tax return in germany for students
Get Tax Returns for Students in Germany | Even If You Have Paid Zero Taxes !!!
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if you are a student in Germany or if
you were a student in Germany filing a
tax return will get you a considerable
amount of money in return even if you
have paid zero taxes as a student you
don't believe me let's get started if
you are new here my name is Trader and
in this channel we talk about wealth
happiness and sometimes taxes now I am
not a financial advisor or a tax expert
I'm just sharing my experiences from
what I have learned so take all this
information but make your own decisions
College time is both exciting as well as
a struggle your income is usually
limited as a student but you still have
a lot of costs associated with your
studies in every aspect of life having
more expenses than income is bad except
for one filing your taxes if you are a
student in Germany in most cases you
don't have to pay any taxes because any
income less than 10 908 Euros is not
taxable and most mini jobs pay less than
that so what is the point of filing a
tax return Why should Finance amp on the
tax office refund does anything if if we
haven't paid any taxes more students
aren't aware of the fact that they can
carry forward the expenses for up to
seven years and reduce the taxable
income from the future job this is
called furless for track or loss carry
forward all you have to do is file your
tax return and then take a small check
box at Clear room so fast
four tracks then you will get a separate
loss assessment from the tax office and
this game continues until you no longer
study and start earning a taxable income
then the combined losses are the
detected from the taxable income and you
get a significant tax refund for example
beta did a master's degree in
Engineering in 2019 and 2020 costing him
10 000 Euros per year luckily Peter had
seen this video so he files a tax return
and gets his loss registered by the
financer now in 2021 he joins a company
at a salary of 50 000 Euros since he is
starting with a net loss of 20 000 Euros
he has to pay taxes only for the
remaining thirty thousand that that's a
considerable amount it returns but
unfortunately this does not apply to all
students it also depends on the type of
expenses you had as a student and tax
loss carry forward is only valid for
those expenses that are related to
generating an income or also called as a
verbum costant and which all expenses
would be considered as verbum cost and
would depend on whether you are studying
your first degree or a second degree
program your first degree is a course of
study that you start immediately after
graduating high school like a vocational
training or a bachelor's degree and
cause for the first degree program are
considered special expenses or sound
Ralph's carbon thus includes for example
contributions to your personal insurance
your private health insurance pension
Church taxes donations Etc but direct
expenses such as tuition fees or
expenses for work material cannot be
detected as special expenses there is
also a limit of 6 000 Euros and you
can't carry forward the losses to the
coming year a voluntary tax return is
only worthwhile if you earn more than
the basic tax-free allowance and do pay
some taxes but things get a lot better
if you are in your second degree program
like Masters or a dual study now in this
case you can claim the entire study cost
as verbum constant both tuition fees and
semester fees can be completely detected
you just need a confirmation of payment
as proof work equipment such as pens
folders calculators or even computers
can be fully considered as verbum
question if you can prove the purchase
with an invoice and without such proof a
maximum of 110 Euros per year can be
detected and if the price of an
equipment is above 800 Euros then you
must write off the cost over several
years based on the depreciation rate
decided by the Federal Ministry of
Finance specialist books and journals
can also be completely detected with a
flat rate of 80 Euros per year you can
detect the travel cost from your
apartment to University with a flat rate
of 30 cents per kilometer if the
distance is less than 21 kilometers and
at the rate of 38 cents if the distance
is more than that this also includes a
travel to the library or a part-time job
if you commute by public transport then
instead of the distance flat rate it you
can include the cost for individual
tickets or a monthly ticket for every
day that you spend at home for your
studies and were not in the University
or Library you can claim the home office
for Chalet or the home office flat rate
at 5 Euros until the end of 2022 and a
maximum of 1 600 euros a year and from
2023 this will increase to 6 Euros a day
and a maximum of thousand two hundred
sixty Euros per year now if you rent an
apartment or room near to your place of
study and then commute regularly from
your main residence then you may be able
to claim the rent utility and commute
cost under double household management
just note that this is only applicable
if the place of study is not the place
of life that means the student must have
another primary residence where they pay
at least 10 percent of the running costs
you can also claim the cost for training
abroad if certain conditions are met the
main one being that the study
achievements at a foreign University are
recognized in Germany if you are a
member of an alumni association or a
Student Association then you can claim
the membership fees in your tax return
you can also claim the fees for a
language if you can prove that the
language skill is needed for your
professional activity now bank account
management fees are always recognized by
the tax officers with a lump sum of 16
euros per year without any proof also
you can detect the interest payments on
your student loan as verbum constant
even if you don't have any claimable
expenses there is a lump sum tax
exemption of thousand Euros without
proof this means you don't have to
provide any receipts to claim this you
can check the link in the description
below to get a list of everything that
you can claim as expenses but now some
of you may be thinking this all sounds
so complicated even if I have some
claimable expenses I don't know how to
file a tax return and getting help from
a Tax Advisor comes with additional cost
and as a student you don't want
additional cost right but don't worry
Finance amped or the tax office is kind
enough to provide us with a tool called
elster where you can fill out some forms
and file your tax return without
spending anything and which forms to
fill depends on your personal situation
hop for drug are the main form this
contains some basic personal and Account
Details and this is the one form
everyone has to fill and the remaining
forms are attachments to the main form
that you have to fill on a need basis or
the attachment n has to be filled out if
you were an employee at some company and
received a salary it could be a highway
job or your job at a supermarket and at
the end of the year you will receive a
tax certificate from your employer
called the launch driver shiny gum where
you will find most of the information
you need to complete this form now the
attachment s has to be filled out if you
worked as a freelancer and the
freelancing jobs are clearly defined in
Germany so do check the link in
description below to see if you have
worked in one of these categories now
attachment G must be accumulated by
anyone who has generated income from
your business this could be a small
business a single owner business or a
corporation now finally attachment AV
has to be filled to register expenses to
pension contributions these are the main
forms of attachments there may be some
additional forms which has to be filled
out in special cases but most people
will be covered with any of these forms
which I just mentioned if you need help
with tax filing often filling out these
forms then you can find videos with
detailed instructions on my channel so
do check them out and subscribe to the
channel I hope you got some value from
this video if so then share this with
your friends so that they can also make
use of these benefits when you're a
student every Euro counts until I see
you with another video take care have a
wonderful rest of the day and bye
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