Field help:
Do you want to claim losses for <%0100301%> from other years in 2024 or claim a loss carryback?
Do you want to claim losses for <%0100801%> from other years in 2024 or claim a loss carryback?
Select Yes if you want to claim a loss deduction or a donation carryforward.
Loss carryback in the previous year: Negative income that is not balanced out in the year in which the loss occurs can be carried back in the previous year. Since 2013, an amount of up to 1 million Euro - up to 2 million Euro for married couples - can be carried back in the previous year.
Loss carryforward/donation carryforward to the following year: If the negative income is not or not completely offset in the previous year, you will receive an assessment notice on the "remaining loss carryforward". This amount is then deducted from the total amount of income in the income tax assessment for the following year up to a total amount of 1 million Euro - for married persons 2 million Euro. If the loss amount is even higher, the excess amount is offset up to 60% of the total income amount in the following year, so that 40% of the profit is always taxable.
Note: Due to the coronavirus crisis, self-employed persons and entrepreneurs suffered losses in 2020 and 2021. The regulation for loss carryback has been adjusted:
- In 2020 and 2021, the loss carryback was increased to a maximum of 5 million Euro or 10 million Euro for joint assessment.
- From 2022, the loss carryback period will be permanently 2 years. The amount limits are 10 million Euro or 20 million Euro for 2022 and 2023 (amended by the "Fourth Corona Tax Assistance Act" of 19.06.2022).
Note: Previously, you had a double option for loss carryback: you could waive it altogether and save the loss entirely for the following year, or you could make partial use of the loss carryback, thus carrying back a partial amount and carrying forward the rest into future years. Since 2022, this option has been restricted, and you can only waive the loss carryback altogether. It is not possible to carry back a partial amount.
