Tax return: last-minute guide – how investors can save

Dusseldorf The deadline for submitting the 2021 tax return will end in a few days. For many citizens, the deadline is October 31st. The Elster tax portal should be running at full speed again that day. After all, most Germans did not submit their tax returns until the last day of the period last year. This is shown, among other things, by the figures from the Wiso Tax Report 2022.

“Anyone who now notices that they need a little more time can extend the deadline by consulting a tax advisor. As a private person, you can also try to apply for an extension of the deadline,” explains influencer Fabian Walter in this episode of Handelsblatt Today. On the social media platform Tiktok, as a “tax specialist”, he teaches his around 714,000 followers everything about taxes in short videos.

For investors in particular, there are a number of tax aspects to consider. In addition to the monthly wages, income from private investments is also taxable. The regulations may differ depending on the asset class. However, not every cent has to be taxed.

The tax expert explains: “The exemption for capital gains is 801 euros. This will soon be increased to 1000 euros. But that’s not over yet.” Double the amount applies to married couples and registered life partners. In the interview, you will learn how investors take advantage of these allowances and what other legal tricks they can use to reduce their tax burden.

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