How can employees claim tax credits and deductions?
An employee can only claim tax deductions and non-taxable parts of the tax base from one employer. Employees must request an annual tax settlement for 2024 from their employer no later than mid-February 2025, the same deadline applies to the submission of documents confirming the entitlement to deductions.
The discounts will then be reflected in the net salary each month, or they can be applied retroactively for the entire year as part of the annual tax settlement .
How can self-employed persons claim tax discounts and deductible items?
Simply as part of the tax return for 2024. All discounts phone number lead and deductible items are therefore applied once for the entire year retroactively in the case of self-employed persons . The claim for discounts must be documented with attachments to the tax return.
However, if a self-employed person is in the flat-rate regime , they do not have to file a tax return and the right to discounts and deductible items automatically expires.
What is the difference between a tax credit and a non-taxable item?
A deductible item (or non-taxable item or non-taxable part of the tax base) reduces the tax base. The tax base is:
in the case of self-employed persons, the amount of income after deducting expenses,
in the case of employees, gross salary (income including bonuses, allowances and rewards).
Tax is calculated from the tax base after deducting non-taxable items. Tax credits then reduce the calculated personal income tax.
All discounts and tax-free items can be applied even if you met the condition for only part of the year. In such a case, the amount of the discount is calculated proportionally according to the number of months during which you met the condition. The exception is the basic tax discount, which is always applied in full.
Tax credits you will claim in 2025
Although the consolidation package abolished or limited a acknowledge the problems and apologize number of discounts, taxpayers still have the opportunity to significantly reduce their taxes, even to zero.
Discount for spouse or registered partner
If the husband or wife is the owner of a ZTP/P card, the amount increases to CZK 49,680. However, some benefits, such as sickness or maternity benefits, are included in the income. On the other hand, state social support benefits, such as parental allowance, are not included.
The income of your spouse/registered partner is documented by means of a signed affidavit.
the case of self-employed persons, this restriction will first be reflected in the tax return filed in 2025. For employees who apply the discount monthly, the new condition has been reflected in monthly wages since January 2024.
TipDo you need funds to develop your business fax lead or cover operating costs? With ČSOB loans, you are not alone in your business. If the child has a ZTP/P card, the discount amount is doubled. The discount for a child aged 18-26 can be applied if the child is studying full-time or is long-term ill.
