Great spring that started! When spring comes, the topical issue is tax deductions. You know that as a light entrepreneur at Truster, you're entitled to a lot of money-worth tax deductions, right?
As a rule, you can deduct the following expenses as expenses for the production of income:
Contributions to be charged in connection with the payment of wages and YEL insurance
Truster service charge (including Truster 49 €/month service charge)
Accident service fee
Health insurance contribution
YEL insurance premiums
Taxable reimbursement of travel expenses
Travel expenses that you have not invoiced by invoice to your customer, but have only requested to be taken into account in connection with the payment of wages, are taxable travel expenses. You can claim a deduction for these taxable travel expenses on your personal tax return.
Tax-free travel costs
The travel expenses that you have invoiced by invoice to your customer have, in principle, been paid to you in the form of tax-free compensation. Travel expenses already paid to you as tax-exempt reimbursements must not be reported on your personal tax return. You have received the full tax benefit of tax-free allowances in connection with the payment of wages.
Tools and accessories
Expenses that cannot be taken into account in connection with the payment of wages it is possible to apply for deduction on a personal tax return. Such work-related expenses may include, for example, telephone, computer, workwear and tools, and related maintenance and repair costs.
If you have worked a lot at home, you can make a deduction for your tax return. If more than half of the total number of working days has taken place from home, the value of the deduction for the office is EUR 920. You can also apply for a deduction for furniture and accessories related to the study.
Expenditure on studies and education
It is possible to apply for a tax deduction for work-related study and education expenses, such as participation and course fees. The expenditure must have been paid in person and must be accompanied by an explanation of how the above-mentioned expenses relate to your duties.
During the exceptional period, face masks can also be taken into account as tax deductions. Face masks must be personally paid for. The advice gathered in this article has been done to help you without commitment. Please note, however, that individual tax decisions are always made.
Read more about the tax deductions of light entrepreneurs on the Tax Administration's website: