This is how pensioners can save on taxes

Seniors

Old age brings more free time, but does not exempt you from tax liability.

Source: imago/Eckhard Stengel

Frankfurt More than half of those with statutory pension insurance take early retirement. Most of them immediately put their feet up because they were only allowed to earn an additional 6,300 euros without their pension being reduced. The corona pandemic has made some early retirees rethink.

Since 2020, you can go big again instead of making a mess. Because the additional earnings limit was temporarily raised to 44,590 euros and since 2021 to 46,060 euros to counteract staff shortages in connection with the pandemic.

Those who have reached the statutory retirement age can earn unlimited additional income. Most of the time, however, pensioners who work have to pay taxes, and even without additional income, the tax authorities are asking more and more old people to pay. The old motto “Finally pensioners! Finally no more tax returns!” is now considered obsolete.

Because of the change in taxation for new pensioners and regular pension increases, the number of seniors who have to file a tax return is increasing year after year.

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