Get Tax Returns for Students in Germany | Even If You Have Paid Zero Taxes !!!

Рет қаралды 8,425

Жыл бұрын

Get the Student Tax Guide here:
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If you are a student, you may not have to pay any taxes at all. This is because any income below 10.908€ (*2023) is not taxable, and most mini jobs pay less than that per year.
But here's the thing: just because you don't have to pay taxes now doesn't mean you won't have to pay them in the future. That's where Verlustvortrag, or Loss Carryforward, comes in. This is a little-known tax strategy that students can use to reduce their taxable income from their future job.
All you have to do is file a tax report stating your expenses and tick a small check box "Erklärung zur Feststellung des verbleibenden Verlustvortrags:” in your declaration. By doing so, you can carry forward your expenses for up to 7 years and reduce your taxable income from your future job.
The game continues until you are no longer a student and start earning a taxable income. At this point, the collected losses are then deducted from your taxable income, and you can get a substantial tax refund. This can make a huge difference in your financial situation, so it's definitely something to keep in mind.
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Пікірлер: 38

@syousufimam Жыл бұрын

Really one of the most helpful information and most relevant channel with respect to filing taxes on elster.

@SrijithKariyattil Жыл бұрын

Thank you for your kind words.:)

@shweta.1195 Жыл бұрын

You are too good ! Thank you for such a valuable information 💯 Your efforts are much appreciated.

@SrijithKariyattil Жыл бұрын

Hey Shweta, Thank you so much for your kind words! It's always great to hear that my content is valuable to people. If you have any suggestions for future content or any questions, feel free to let me know.:)

@gohilrajveer2007 Жыл бұрын

Thank you for this valuable information.

@SrijithKariyattil Жыл бұрын

Thank you for taking the time to watch and comment.:)

@Gwarzonicus Жыл бұрын

looking for these exact scenario, thank you very much for speaking English. too many indians post videos with english titles and speak a different language in the video 😂

@SrijithKariyattil Жыл бұрын

Great to hear that the video was helpful to you! I believe it's important to respect the viewer's time and ensure that the content matches the title.:)

@mahsaomrauni 8 ай бұрын

Thank you. in the min 5:25 you said there is a link that we can find the list of items which we can claim to reach 1000 euro without any receipt but there is no such link!!

@SrijithKariyattil 8 ай бұрын

Hey, Sorry, I forgot to update the link. You can find it now in the description.

@Zaid-nj8rh 7 ай бұрын

Thanks for the nice video! One question! I am applying for tax return as a student for the year 2021 through Elster. I didn't do any jobs in 2020 so I just had the carry loss forward for 2020. My Question is where do we add the carry loss forward amount of 2020 or the previous years in Elster form?

@SrijithKariyattil 6 ай бұрын

Hey Zaid, You need to declare this as business expenses or Werbungskosten in Anlage N for each corresponding year.

@ctrl_alt_win97 Жыл бұрын

Hi, Currently, I am in masters of second year. Should I file for these losses after completing the 2/3 yrs of masters and after completing 1st full fiscal year of a full time job? Or do I need to register for them immediately after completing my master's? Thanks for your answers,

@SrijithKariyattil 8 ай бұрын

Hey, You can do that while studying or even after completing your studies.

@parthkakadiya7503 Жыл бұрын

Thanks a lot for Info. do you know what extra to fill if I have done 2 Job (Master thesis and studentJob). Also I have paid extra Health insurance due to study time exceede. Can I mention that amount while tax return?

@SrijithKariyattil Жыл бұрын

Hey Parth, Unfortunately, I am not legally allowed to give tax advice on a personal level. Sorry about that.

@user-ze7sf1wz7f 10 ай бұрын

My master's degree from a recognised German Hochschule costed 7k/year as tuition fee. Im using Taxfix here. The application doesnt consider my tutiton fee for the refund at all. Any suggestions?

@SrijithKariyattil 10 ай бұрын

Hey, Sorry I am not familiar with Taxfix. Would be better if you write to them directly. :)

@user-cj8tr5bn1v Жыл бұрын

I did not find the link for the list of expenses we can claim as a student. Could you provide it please?

@SrijithKariyattil 8 ай бұрын

Hey, Sorry for the delay. You can now find it in the video description. :)

@mayanksharma5093 2 ай бұрын

Super informative video. Hi bro just a quick question, I am enrolled in a paid course. And also I have worked part time in last year. But the annual salary amount in less then 10k. So should I file an income tax this year with carrying forward the losses or can I file together at once after getting a full time job after completing my studies.

@SrijithKariyattil 2 ай бұрын

Hey Mayank, Unfortunately, I am not legally allowed to provide personal tax advice. When it comes to loss carry forward for student expenses, this can be done retrospectively for up to 7 years.

@fahadhussain66 Жыл бұрын

Wheres the link in the description you talk about in the video?

@SrijithKariyattil 8 ай бұрын

Hey, Sorry for the delay. You can find it now in the description.

@pavansai1638 Жыл бұрын

Is it possible to claim University fee? Under which section can I enter my University fee while tax filing.

@SrijithKariyattil 8 ай бұрын

Hey, Please check the guide here for more details srijithkariyattil.com/digitalproducts/studenttaxguide/

@jerishram4048 Жыл бұрын

Hello bro, this video was so informative but I have some questions regarding this topic. Is there any way I could contact you to clarify my doubts? Thanks in advance my bro

@SrijithKariyattil Жыл бұрын

Hey Jerish, Unfortunately, I am not legally allowed to give personal tax advice. For general queries, you can contact me on insta or Twitter. srijithkariyattil.com