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From home office to Tozo: ten questions about the tax return | NOW

It is the week of the tax return on Bernard Devilee, tax expert at the Tax Authorities, answered all your questions about this last Friday on reaction platform NUjij. We have listed the ten most interesting and frequently asked questions and answers.

yeah42: This year I work from home a lot. That’s why I had to convert my garage into a home office. What are the possible tax allowances / deductions for a home office if you are employed?

“It is not possible for an employee to deduct income tax (renovation) costs related to a home office and / or working from home.”

King_kahn: I no longer receive a student grant, but I am still entitled to a loan. Why can I not declare my study costs as an expense item if I have not taken out a loan?

“You cannot deduct study costs if you are entitled to student finance. Being able to apply for a loan also falls under student finance. It does not matter whether or not you make use of that option; because you can use it, you are allowed to do not deduct the study costs. ”

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Don’t just assume it: I was wondering how to deal with the value of your cryptos. The value fluctuates enormously. Which reference dates are important here?

“For all assets, the value on the reference date is important. For cryptocurrencies this means that the economic value must be stated on January 1 of the year. The rate you must use is the rate on the reference date of the used exchange platform. ”

Willie_Roosen: If you forget a deductible item, can you still enter it next year?

“If you have forgotten to enter a deductible item, you can do so now. If the assessment has not yet been determined, you can resubmit the tax return for that year and process the deductible item in the tax return. you can submit a request to take the deductible item into account. ”

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“The deadline within which this must be done is 5 years after the year to which the attack is concerned.”

Mohamed_Moussaoui_cebaca: What about having a bank account abroad? Does something have to be done with this in the declaration?

“All assets at home and abroad must be reported in box 3. This includes the balance of a savings account abroad.”

Josjen: Can I use my student loan as a loan to pay less wealth tax?

“The amount that you have to repay from a lifelong learning loan and an amount that you have borrowed according to the Student Finance Act may be included as a debt in box 3. The latter is subject to the condition that this student debt can no longer be converted into a gift.”

Maarten_S: My girlfriend and I live together. We do not have a joint bank account or a registered partnership. According to the tax authorities, we are not tax partners, but allowance partners. Is this possible?

“That may indeed be the case. For the housing allowance, co-residents are also important, even if this is not your tax partner.”

Gokce_Turer_Varol: Are the costs related to interest averaging deductible?

“The costs that you have paid to the bank in connection with the interest rate averaging are deductible. You can state these costs in your tax return under the heading financing costs.

Brabantia: For the first time I have to complete my tax return myself and I don’t understand the concept of payroll tax. Can you explain in Jip and Janneke language what ‘wage tax’ entails?

“Payroll tax is the collective name of the tax and premiums that are withheld from your gross salary. This amount is deducted from your gross salary together with any other levies, such as your pension contribution. What remains is your net salary, the amount that your employer transfers to your bank account. ”

Henk_Goede: I got the Tozo 1. Now my partner is taxed even though she hasn’t had Tozo. Is that right?

“Tozo 1 is a benefit that is provided by the Ministry of Social Affairs under the Participation Act. Under the Participation Act, half of the Tozo 1 benefit must be attributed to both partners.”

“Due to the allocation to the partner, it may in some situations be the case that the payroll tax credit was incorrectly applied to that part of the Tozo 1 benefit that was allocated to the partner. As a result, too little wage tax may have been withheld. Income tax return corrected so that less is recovered or has to be paid extra. ”

Bjarne_Mulder: What is the maximum amount of money you can earn on a second job without having to pay tax on it?

“There is no ‘hard’ limit. If you have a second job, it depends on how much you earn with both jobs in total whether or not you have to pay extra. tax credit, because otherwise you will definitely have to pay extra! You apply the general tax credit to the job with which you earn the most. ”

Because this week is all about the tax return, there are articles on every day that can help you with the tax return.

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