We know we think tax is exciting and you might find it a bit boring, but regardless. Check your tax messages. What is this about?
Check your tax messages
A tax message is a blue envelop you receive by regular mail. The tax office never sends you a WhatsApp. You are never send an SMS by the tax office. The tax office never sends you an email. The tax office is also never sending you a link via what you can easily pay an amount. An amount introduced to you for the first time in such a message. The tax office is an old fashioned dinosaur. It uses mail and expects you to make the bank transaction.
Soon we expect home owners to receive from the Dutch tax office the 2021 mortgage refund assessment. You see the word refund and you think, approved. We see the word refund and we wonder if that is the correct amount.
When you own a home with a mortgage, you pay off the mortgage monthly. Hence every month you pay less interest, so less the deduct. At the same time the WOZ value is a kind of threshold on this deduction. As you know, the WOZ value is like a rocket, keeps on climbing. Which implies your deduction keeps on being less and less.
The question is, is that refund not too high. You might wonder how can anything you get from the tax office be too high. Well, when you file your 2021 income tax return in 2022 and it turns out you have received too much that you need to pay back. Paying back is never nice.
Check your tax messgages – Filing obligations
Maybe you have not received a refund assessment, but another letter. Dutch letter of course. You are unsure what it is about. Expecting this to be solved by putting it away is a misjudgment.
Believe it or not, but the tax office can also make you aware of tax refund that is waiting for you. You only need to file the income tax return. We will be glad to assist you.
Child care benefit
You might have learned about the drama taking place with Dutch parents that were denied the child care benefit tax credit. If you have a child that you bring to daycare and you are both working, you are entitled to such a credit. If you do not have such a credit, request for one.
That said, if you have such a credit, check if the income details you used for the initial application are still correct. If not, please update your income details for this tax credit.
We think tax-is-exciting and we understand you might have a different opinion. Never the less, you need to check your tax messages. Could be important.
Sorry for the dashes in the middle of the word tax-is-exciting. Apparently Google has a dirty mind and sees only a three letter word that we refer to when we practice to reproduce ourselves. Anything related to that word is spam, hence this devout solution.