The compulsory contributions to statutory pension insurance included in sick pay, which are also taken into account in the progression proviso, are not tax-deductible.

With a comprehensive tax amendment act, which primarily contains simplifications and simplifications, the German government wants to provide new growth impetus for the German economy.

Although this year's pension adjustment is significantly higher than in previous years, it is below the current inflation rate.

Pensions will increase significantly again this summer, meaning that more pensioners will be obliged to submit a tax return for the first time.

Bonus interest from a home loan and savings contract is only subject to flat-rate or income tax when it is received and therefore generally only when the home loan and savings balance is paid out.

Cryptocurrencies are among the other assets for which speculative gains are taxable in the first year after acquisition.

A tax exemption for many solar systems, changes to accruals and deferrals and other changes resulting from the Annual Tax Act already apply retroactively.

Taxpayers can look forward to higher tax-free allowances and an improvement in the home office allowance in 2023.

Many pensioners will also receive an energy price lump sum of 300 euros on December 1, 2022.

The federal government has passed the government draft for the Annual Tax Act 2022, which also implements parts of the new tax relief package.