This article outlines the tax benefits for students, pensioners, and parents in Slovakia, including the potential for tax refunds and higher child bonuses.
The article discusses the tax situation for employees in Slovakia, particularly focusing on students and pensioners who may benefit from filing their own tax returns. While employers typically handle the tax reconciliation for employees, certain individuals, especially those with additional sources of income or under specific circumstances, may find it advantageous to submit their own tax declarations. By doing so, they can claim refunds on taxes paid and potentially increase their child tax credits.
In addition, the article highlights a new opportunity for parents in Slovakia to receive a higher child bonus by considering the incomes of both parents. This change aims to support families more effectively and acknowledges that households often rely on incomes from multiple sources. Furthermore, there is a mention of tax bonuses related to mortgage payments, making it clearer that the government is trying to create a more favorable economic environment for families and individuals who may struggle with high costs.
Lastly, the article notes the adjustment in tax regulations, specifying that for the year 2025, individuals will be required to submit a tax declaration if their income surpasses a certain threshold. This threshold is set at 2,876 euros, a figure that reflects the government's approach to ensuring that everyone who earns above this amount contributes their fair share while still providing exemptions for those who earn less, thus supporting lower-income households.
