Allowances: report changes and pay attention to capital limits!
Tax tip 1
Are you entitled to benefits? The Dutch tax authorities determine this based on your information available in MijnToeslagen. Capital limits are also relevant in determining this.
Did your income increase or decrease? Or are there other changes in your life, such as moving in together or divorce? Then, it is important to report these changes immediately to the tax authorities. This way, you avoid receiving too much or too little allowance.
It is best to overestimate your income a bit. This way, you avoid unexpectedly having to repay the excess amount received afterward. Do you still earn less than you specified? And does this affect the allowance to be received? Don’t worry: you will still be paid out the insufficient amount received after submitting the income tax return.
Capital limits 2020
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