What applies to the tax return in retirement?
(Photo: Imago)
Frankfurt Finally retired, finally no more tax returns? Unfortunately, this is becoming less and less the case. The number is even increasing year after year. According to the most recent data available from the Federal Statistical Office, a total of 7.3 million pensioners were taxable in 2018, which corresponds to a share of 34 percent. However, being taxable does not mean that taxes always have to be paid.
If you have high expenses for health or craftsmen, for example, you can reduce your tax burden or even reduce your income below the allowances so that no taxes are due at all.
Retirees only have to pay tax on part of their pension income.
In the case of statutory pension insurance, this part has been steadily increasing since 2005. If you retire in 2022, 82 percent of the pension payment is taxable.
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