If you are moving to Germany, before you move you should already be thinking about and preparing for tax season. This is not to scare you for high German taxes, but rather to advise you on a simple practical matter which could save you some serious Euros and even more serious Dollars the way the x-rate is changing these days. Save Receipts!
Save all receipts for:
- travel and other expenses if you are searching for a job in Germany before moving
- plane tickets and other travel related expenses once you leave for your new home
- car rental expenses once you arrive and are getting settled
- moving expenses including movers, packing supplies
Assuming you are not being reimbursed by your employer for them, it’s likely you will be able to deduct at least some of them on your taxes.
Can you deduct the expenditures from your first trip to IKEA? Nope, but don’t worry we asked a professional on that one.
Do you have any suggestions for receipts to save in order to maximize deductions? Please leave them in the comments!
