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Which costs can I deduct from my income?
When you are filing the annual tax return, you may use deductible items. Deductible items are costs that you may deduct from your taxable income in box 1. The result is that you have to pay less income tax. However, there are conditions attached to these deductible items. We will explain it to you on this page.
Leave your details in our online contact form or call us at +31 (0)20 – 2170120 and we will get in touch to see if we can help you with filing the tax return.
1. Study costs
Did you follow a course/studies for a (future) profession? Then you may deduct certain costs from your income for this. However, there are several conditions attached to this. Read more about study costs here.
2. Own house
Generally, buying your own home has a lot of impacts, also on filing the annual tax return. Homeowners are allowed to deduct certain costs from their income. Read more about buying your own house here.
3. Health costs
Did you incur health costs? In some cases they are deductible. There are several requirements that healthcare costs must meet. How much you can deduct depends on your income height. Read more about the health costs here.
Did you ever give money or goods to a charity or institution? You may be able to deduct this from your income when filing the tax return. This depends on the institution to which you donated and how. Read more about donations here.
An annuity is a periodic payment on a pre-determined moment in the future. The annuity can be build up by taking out annuity insurance or by saving on an annuity bank account. Read more about annuity deduction here.
6. Travel costs
Do you travel to work by public transport? Then, your travel costs might be deductible. They have to fulfill certain requirements. Read more about travel costs here.
We are happy to help you!
The TaxSavers is happy to help you get the most out of the deductible items with your annual tax return or provisional assessment. A provisional assessment ensures that you receive a monthly refund from the tax authorities.
Do you have questions regarding the deductible items or other tax-related matters? Fill in our contact form or give us a call on +31 (0)20 – 2170120.