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What is the general tax credit?
It is one of the tax credits you can get to reduce the income tax and national social insurance contributions you have to pay. This general tax credit is for everyone who lives in the Netherlands for the whole year. The amount depends on your income.
Amount
The amount depends on your income and on the fact if you reached the AOW-age yet or not. The maximum amount of the is €2,837 in 2021. The higher your income, the lower the tax credit. With the help of the tables mentioned below, you can calculate the amount you are entitled to.
AOW age is not reached yet
| Taxable income higer than | taxable income less than | general tax credit |
|---|---|---|
| €0 | €21,043 | €2,837 |
| €21,043 | €68,507 | €2.837 – 5.997% x (taxable income from work and house – €21,043) |
| €68,507 | – | €0 |
AOW age is reached
| Taxable income higer than | taxable income less than | general tax credit |
|---|---|---|
| €0 | €21,043 | €1,469 |
| €21,043 | €68,507 | €1,469 – 3.093% x (taxable income from work and house – €21,043) |
| €68,507 | – | €0 |
Apply
You do not have to apply for this tax credit, because it is automatically calculated when doing your annual tax return. Besides that, if you are employed, your employer takes this rebate into account when calculating the tax which should be withheld.
We are happy to help you!
Do you have questions regarding the tax credits? Or do you have questions about other fiscal issues? The TaxSavers is happy to help you. Fill in our contact form or give us a call on +31 (0)20 – 2170120.
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