Is it sensitive to change tax class during parental leave or do I have to pay additional taxes?
Hello everyone,
We had our first child in August and are considering whether I, as a father who continues to work, should choose tax class 3 since she is going on parental leave for two years.
I would then receive more each month, but would I have to pay additional amounts when I file my tax return?
If so, can you roughly say whether it would still be worth it?
Thank you in advance for any helpful answer 🙂
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The tax class has exactly zero impact on the total amount of income tax to be paid. It only regulates the interim payments of income tax.
4/4 is usually the option that most closely corresponds to the actual tax burden, with a tendency towards refunds from the tax office as part of the tax return.
If a working taxpayer switches to tax class 3 while on parental leave, this usually results in a large back payment!
Would it be worth it in your particular case?
Determine ZvE and see how high a tax would be with parental allowance.
Correctly.
No. You can't save taxes by changing your tax class! After your tax assessment, you pay exactly the same amount of tax, regardless of whether you were previously in tax class 4/4, 3/5, or 4/4 with a factor.
That's right. It's strange that some people still think they get more. The only advantage I know of, or knew of, is that parental allowance is calculated based on net salary (or what?). So it certainly made sense to adjust classes accordingly before planning to have children so that one partner gets more parental allowance.
Yep, or maybe higher sickness or unemployment benefits. That doesn't save you any taxes.
It might not be worth it, since the same amount of tax was paid in the end, only the timing is different. So either have more now and pay it later, or maybe get something back at the end. Your decision.
What do you mean by "worth it?" You pay exactly the same tax, regardless of which tax bracket you choose. With tax bracket 3, you'll simply be more liquid during the year, but you'll probably have to set aside some for the additional payment. So, the bottom line is, it doesn't matter.
The double basic allowance still applies. Once she starts working again, you can change her tax bracket again.
And that answers the question how?
A tax advisor should calculate this for you in detail. Far too many factors play a role for it to be easy to answer this question.