Your 2023 income tax return must be submitted before May 1. Thanks to digitization, the Tax Authorities are already helping you by completing most of your tax return. However, it is smart to check all data additionally, especially if you can make use of deductions. Our partner, Huis & Hypotheek Veenendaal, is ready again this year to help you save on your taxes. Here are a few essential deductions you shouldn't forget.
- Purchasing a House
Buying a home in 2023 not only brings joy, but also tax benefits. You can deduct certain costs for the loan once. Consider advice and mediation costs of the mortgage advisor, notary costs for the mortgage deed, and even construction interest that you paid before signing the mortgage deed. Don't forget the costs for a National Mortgage Guarantee (NHG) and any new construction or renovation loans.
- Mortgage interest deduction
As a proud homeowner, you may deduct certain costs from your income from work and home (box 1). This includes the (mortgage) interest on your home acquisition debt, one-off financing costs, and periodic payments for leasehold, building or encumbrance. You can find more details here.
- Personal deduction
In some situations you can deduct additional expenses from your tax, or personal deduction. Consider paid spousal support, expenses for specific healthcare costs, costs for the temporary stay at home of seriously disabled people, and gifts. Can't your personal deduction be fully offset? You can then offset the remainder against your income in a subsequent year. Check the details here
- Annuities
Are you planning for your retirement? With an annuity product you enjoy tax benefits. Whether you choose an annuity insurance policy, an annuity account at the bank, or an annuity investment account with an investment institution, the premiums are deductible if you have a pension deficit. For more information you can here rightly so.
- Healthcare costs
Did you incur a lot of healthcare costs in 2023? Good news! You can deduct costs above a certain amount under certain conditions. Consider expenses for nursing, GP, dentist and physiotherapy. The complete overview of deductible healthcare costs can be found on the website tax authorities.
Would you rather have an expert file your tax return? At Huis & Hypotheek Veenendaal you can get expert help, including independent mortgage advice and insurance advice. Visit their website here or send an e-mail to taxveenendaal@huis-hypotheek.nl.
And especially for our members, we have made a great deal with Huis & Hypotheek Veenendaal: you get a discount for help with your income tax return. Do you want to know more? Check our Tax service.
In short, don't miss out on any tax benefits and take advantage of these deductions. This way you have more money for the things that really matter!
