In this video I am going tell you how to Claim money sent to Parents from Germany in your Tax Return (Claim Remittance in Tax Return)
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In this video I am going to talk about the Maintainance declaration and how to Claim money sent to Parents from Germany in your Tax Return. I will share what is Maintainance declaration, who is eligible to receive such support, what is the maximum claimable amount and any other requirements you need to know about.
There are many expenses that fall under außergewöhnliche Belastungen or Extraordinary Burdens for example medical costs, care costs, funeral costs, replacement costs after a disaster AND maintenance payments to those in need.
You can only send money to your parents, grandparents, or inlaws who are older than 65 or in case of being younger are extremely handicapped and are unable to provide for themselves.
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#germantaxreturn #moneysenttoparents #expatingermany
Timeline//
This video is based on my research and the information may change at the time you are watching this video, sources are
🌍 German civil code 1601:
www.gesetze-im-internet.de/bg...
🌍 Income tax act:
www.gesetze-im-internet.de/es...
🌍 Form: www.formulare-bfinv.de/ffw/
🌍 Family Support: www.steuer-gonze.de/web/index...
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Disclaimer: None of the content in this video is meant to be considered as investment advice, as I am not a financial expert and am only sharing my experience with stock investing. The information is based on my own research and is only accurate at the time of posting this video but may not be accurate in the future.
6 июл 2024