If the pension increases, pensioners may suddenly not be obliged to file a tax return until later in life.
(Photo: IMAGO / Shotshop)
Frankfurt The 21 million pensioners in Germany can look forward to more money from July. In the west, payments will increase by 4.39 percent and in the east by 5.86 percent. But for some retirees, the joy will be short-lived. Because for around 100,000 pensioners, the pension increase results in the first obligation to submit a tax return. There is a risk of a back tax payment.
However, if you can show that you have expenses such as insurance premiums, donations or tradesman services, you can at least reduce or even avoid paying taxes to the Treasury.
The pension notice does not contain any notification of the obligation to pay the fee. Therefore, the Handelsblatt explains what ways there are for pensioners and their families to find out whether they need to submit a tax return, why they often do not have to fear late fees and what happens if the obligation to pay the tax is only determined after death.
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