What can you deduct on your tax return? There are three categories of tax deductions:
The organic prints
This category relates to determining income. It includes, for example, the costs of transport between home and work, the costs of meals or stays outside the home, other professional expenses, etc.
The general deductions
These are deductions that are not directly related to a specific income, but have an impact on the taxpayer’s economic performance. This includes, for example, insurance premiums, training costs, gifts, maintenance payments, interest on private debts and all pension contributions. Payments into occupational pension plans (2nd pillar) and private pension plans (3rd pillar) are tax deductible. To find out everything on this topic, read our article about the 3rd pillar and tax deductions.
The social deductions
They are granted on the basis of purely social considerations and concern in particular social deductions for housing, for dependents, for taxpayers living in modest economic circumstances or for the family.
There are numerous deduction options for these three categories, which are not limited to the examples mentioned above. However, they vary depending on the canton and the taxpayer’s situation. The same applies to the deductible amounts. We therefore recommend that you read the documents attached to your tax return to know exactly what you can deduct and how much.
Advice on how to save taxes in Switzerland
To pay less taxes, consider the following tips:
- 3rd pillar pension provision: contributions are tax deductible
- The purchase of contribution years in the 2nd pillar: also tax deductible
- Early donations: be sure to observe the cantonal tax limits
- Mortgage: to pay less taxes, you can deduct your mortgage interest
- Choosing your place of residence: The tax burden varies considerably depending on the canton and municipality. If you are planning a move, you should take this into account
Deadline for filing tax returns
The deadline for submitting the completed tax return varies from canton to canton. As a rule, the tax return must be submitted in March. The official deadline can be found on the tax return or the attached documents. Note that it is possible to request an extension. If you are late, you will receive a reminder with a new deadline. If you do not meet the deadline, you will be assessed and fined by the authorities.
2024-01-17 18:52:11
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