Sunday, 03.12.17 , written by Anja Schlicht By the end of the year, consumers can still save taxes by spending their money at the right time. Stiftung Warentest is currently drawing attention to this (Finanztest 12/2017). For example, employees may already pay a 2018 upcoming training to claim expenses as income-related expenses in the 2017 tax return. >  With the right expenses tax can be saved for 2017

  • Depending on their income, taxpayers can now secure tax savings of more than € 1,300.
  • This is possible by additional expenses over the advertising costs and 36-euro special expenditure lump sum, so Stiftung Warentest.
  • If the tax office stands in the acknowledgment of the expenditures transversely, the module Steuer-Rechtsschutz of your legal expenses insurance helps you.

With a few tax tips, consumers can now reduce their tax burden for this year . The prerequisite is that they have already exhausted existing lump sums, such as the flat-rate advertising allowance of € 1,000, through different expenses. As Stiftung Warentest calculates, the savings can add up to more than 1,300 euros , if the taxable income at 60,000 euros per year and beyond the flat-rate expenses are 3,000 euros.

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Prefer expenses and optimize taxes for 2017

For example, employees can save on taxes by paying for training courses due in 2018, or at least paying a partial payment later this year. The amount can then be deducted in the tax return 2017 as income-related expenses, as long as the bill was settled in that year.

Similarly, the tax deduction works for craftsmen . The tax office takes into account up to € 6,000 a year, paid by taxpayers to craftsmen for wages, travel and machinery. For example, if a renovation is planned in the spring of 2018, consumers can now make a down payment in order to use the full tax deduction.

Another tax tip is donations . “Expenditure to promote benevolent, church, religious or charitable purposes can be sold as special expenses, even with donations to other EU countries,” says Stiftung Warentest. A donation receipt is necessary starting from amounts of 200 euros and more.

Here are tips and more information about the investment. >

Anja Schlicht

editorial staff

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Thursday, 21.09.17 , written by Anja Schlicht Future homeowners take a lot of money for their dream home. Often, the credit is in the six-digit range. Some mistakes, however, make construction financing much more expensive. But with the right tips, consultants can warn their customers of pitfalls and make a name for themselves as a competent partner. >

Fehler bei der Baufinanzierung vermeiden The dream of owning a home is shared by many people

While savers are suffering from the low interest rate phase, this ensures that borrowers enjoy their loans thanks to very favorable interest rates. Many people are now choosing mortgages to help them build or buy their own house. However, future homeowners do not seldom fall into stumbling blocks . In the worst case, this leads to the dream of your own home breaking and you are sitting on a huge mountain of debt. Which expensive mistakes can happen with the mortgage lending , is summarized in the current financial test magazine (10/2017).

High repayment and long term agreement

Thanks to the low interest rates, borrowers can also borrow more money. At the same time, however, if they set a low repayment, for example, of one percent, the loan has only been repaid in decades. However, it is advisable to make the financial burden of the loan as short as possible. Because no one can say how interest rates will develop in the future. Therefore, a high repayment of two to three percent makes sense to be relatively quickly debt-free.

In addition, the earliest possible interest rate commitment is recommended. Only then can borrowers secure the good interest rates for the next 20 or 30 years. A look at state subsidies for building or buying a house can not hurt either.

Consider additional financial burden due to additional costs

Among the important questions that future homeowners should ask before completing a mortgage, which counts on the additional costs . Expenditure on land transfer tax, notary, land register entry and brokers can account for more than ten percent of the purchase price. If these costs are not taken into account, the financing plan gets cracked right at the beginning.

Last but not least, many borrowers are surprised by additional costs due to so-called provisioning rates. These are incurred if they do not call the loan in one fell swoop, but in stages depending on the construction progress. On average, the interest on the money the bank withholds is three percent. Therefore, it should be clarified in advance with the financial institution, as of which point the provisioning interest accrues. Tip: Point your customers to possible pitfalls in their mortgage lending. In this way, you can profile yourself as a competent contact person trusted by customers. Are you looking for new customers interested in consulting? Then purchase our cheap leads in the Construction Mortgage division and expand your customer base.

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