Save taxes with the logbook or individual valuation

Logbook

Here, the monetary benefit is calculated based on the kilometers actually driven privately and the total expenses for the car.

(Photo: dpa)

Frankfurt Across the country, many company cars are idle because they work in the home office and do not travel. While those who keep a logbook only have to pay tax on the kilometers driven, those who have chosen what is known as one percent taxation have a problem. Because here there are monthly lump-sum tax payments.

At the turn of the year it is therefore worthwhile to take a critical look at your own taxation method. This can only be changed on January 1st or if a new vehicle is purchased during the year. If you don’t drive a lot privately, it is best to use a driver’s log. Those who rarely commute to the office can switch to individual valuation using the one percent method. This can even be done retrospectively.

Company cars, which can also be used privately free of charge, are counted by the tax authorities as gifts in kind that increase taxable income. The wage tax, social security contributions and, if applicable, solos and church tax are calculated on this so-called “pecuniary benefit”.

Two evaluation methods

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