Together Stronger than Before - Benefits for Citizens
Save - relieve - invest
Reduction of wage and income tax
Income portions from € 11,000 to 18,000 were previously taxed at a rate of 25%. This basic rate will be reduced to 20%. This will result in a relief of up to € 1.6 billion per year for wage and income tax payers. The reduced tax rate in the amount of 20% applies retroactively from 1.1.2020.
Increase of the social security refund
In order to relieve the burden on employees who do not receive taxable income (i.e. whose income is below € 11,000), the maximum surcharge on the transportation deduction will be increased from the previous € 300 to € 400. At the same time, the maximum social security bonus within the framework of the social security refund will also be increased from the previous € 300 to € 400. This applies from the assessment for the calendar year 2020 on.
Calculate your personal benefits at www.bmf.gv.at/rechner (in German)