Tax changes of 2022

From January 1st, 2022, your study costs will no longer be deductible. The government has come up with an alternative: the STAP budget, in which you can apply for a maximum of € 1,000 for development and schooling.

The tax rate for your income up to € 69,398 (basic rate, first tax bracket) will be slightly reduced in 2022 from 37.10% to 37.07%. The second tax bracket for income above €69,398 remains the same (49.50%).

In 2021, the rate for deductible items was 43%, but in 2022, this rate will decrease to 40%. This rate only affects if your income falls in the second bracket (more than €69,398). Think of deductible items, such as the mortgage interest deduction, self-employed deduction, and personal deductions.

One of the tax changes is the change in box 3. If you have savings and/or investments, this information can be useful.

• Tax-free capacity. This will be increased from €50,000 in 2021 to €50,650 in 2022.
• Notional return. These are adjusted to the average returns achieved on savings and investments, which reaches the following amounts:
  • Return on savings from 0.03% to -0.01%
  • Return on investments from 5.96% to 5.53%
• Tax rate remains the same (31%).

In 2021, the annual gift exemptions were increased once by € 1000. In 2022, this will no longer be the case, and the exemption will be reduced:

• For a child: from € 6,604 in 2021 to € 5,677
• Other recipients: from € 3,244 in 2021 to € 2,274

To reduce the gap between employed and self-employed people, the self-employed deduction will step-by-step be reduced to € 3,240 in 2036. This year, the self-employed deduction will be reduced from € 6,670 in 2021 to € 6,310 in 2022.