Household deduction for the painting contract: Take full advantage of the tax relief!
The painting services offered by Loistepinta Oy in the Pirkanmaa area offer not only a new shine to apartments and buildings, but also the opportunity to take advantage of the household deduction. In this blog post, we delve into how the household deduction can be used for the services we offer. These services include painting the house, painting the plinth, coating and cleaning the roofs.
Basics of the household deduction
The household deduction is aimed at households that do household work, such as painting and renovation work. It is a tax deduction granted for the portion of the work, not materials or travel expenses. This means that customers who do painting work with Loistepinta Oy can deduct part of the labor costs from their taxes. Loistepinta Oy is registered in the advance collection register, which means that all the work we perform is eligible for household deduction.
Maximum deduction and deductible
According to the 2023 rules, a single person can receive a household deduction of no more than 2,250 euros. The deductible for the deduction is 100 euros per person per year. The household deduction is personal, so couples can get a maximum deduction of 4,500 euros together.
Calculation examples
1. Individual Maximum deduction: The maximum deduction received by an individual person (2,250 euros) is reached when the total price of the work is 5,875 euros. Billing formula: EUR 5,875 x 40% - EUR 100 deductible.
2. Joint Maximum Deduction for Spouses: Couples can receive a total deduction of 4,500 euros when the amount of work is 11,750 euros. Billing formula: 11,750 euros x 40% - 200 euros deductible (100 euros from each spouse).
An example of a real painting job
Let's imagine that the painting contract carried out by Loistepinta Oy costs 5,000 euros. If work's share of this is 4,000 euros, your household deduction is 1,500 euros (4,000 euros x 40% - deductible of 100 euros). In this case, you will have to pay 3,500 euros (5,000 euros - 1,500 euros deduction).
How to apply for a household deduction?
The household deduction is applied for from the Tax Administration, and it is deducted directly from the income or capital income tax. It is important that the part of the work and materials is itemized in the invoice you receive from the painting contract, so that you can easily see the deductible amount. In Loistepinta Oy's offers, contracts, as well as invoices, the proportions of work and materials are clearly specified, so that it is easy to apply for the household deduction.
Summary
The household deduction is a valuable benefit that can significantly reduce the costs of a painting job. We offer high-quality painting services in the Pirkanmaa region, and our commitment to customer satisfaction makes us an excellent choice for all your painting needs. We recommend asking our expert to go over the situation of the contract with a free evaluation visit. In addition to the mapping and operating instructions, you will receive an exact offer and you will get the opportunity to make use of the household deduction in the best possible way.