However, there is a total limit for all retirement savings products, i.e. the maximum amount that can be deducted from the tax base, which is CZK 48,000 .
In the case of supplementary pension insurance, only the part of monthly contributions exceeding CZK 1,700 can be claimed. Therefore, if you save CZK 1,700 per month or less, you cannot claim this item. If you save CZK 2,000 per month, you will only claim CZK 300. In the case of employees, employer contributions are not included in the eligible payments.
Please prove that you meet the conditions with a copy of the insurance contract and a document showing the payments made for 2024, which will be issued to you by the relevant insurance company.
Briefly
For employees, tax discounts are reflected in the net salary each month, or they can be applied retroactively for the entire year as part of the annual tax settlement.
Self-employed persons can claim tax credits and deductible items retroactively in their tax return for turkey phone number data the entire year.
A deductible item reduces the tax base. Tax is calculated from the tax base after deducting non-taxable items. Tax credits then reduce the personal income tax calculated in this way.
The basic tax credit per taxpayer is CZK 30,840 (or CZK 2,570 per month) for all taxpayers.
If you live in the same household with a husband or wife / registered partner who cares for a child under 3 years of age and whose total income for 2024 did not exceed CZK 68,000, you are entitled to a discount of CZK 24,840.
The discount for a dependent child under 18 years of age is CZK 15,204 for the first child, CZK 22,320 for the second child, and CZK 27,840 per year for the third and each subsequent child. The discount for a child aged 18-26 can be applied if the child is studying full-time or is long-term ill.
Applying a child discount may entitle you to a tax bonus.