Tax Deductions for Private Individuals in Switzerland
Tax deductions are a key instrument for reducing tax liability. They allow specific expenses to be deducted from taxable income. In Switzerland, a wide range of deductions exists covering various areas of life.
Income Tax Deductions
Tax Allowances
Tax allowances reduce taxable income before tax is calculated. Their amount depends on the canton and personal circumstances such as marital status and number of children.
Professional Expenses
Professional expenses include commuting costs, meals, work equipment, and further education. Business travel and work-related accommodation costs may also be deductible under certain conditions.
Social Security Deductions
AHV, IV, and EO Contributions
Mandatory contributions to AHV, IV, and EO are fully deductible and reduce taxable income.
Unemployment Insurance
Contributions to unemployment insurance can also be deducted and provide both tax relief and social security.
Family Deductions
Child Deductions
A cantonally defined amount can be deducted for each child. In addition, childcare and education costs may be deductible.
Spouse Deduction
Married couples may claim a spouse deduction, which reduces their joint taxable income.
Education and Further Training
Education Costs
Costs for education and training may be tax-deductible under certain conditions, both for oneself and for children.
Further Training Costs
Professional further training, specialist literature, and courses aimed at improving professional skills are deductible.
Health Costs
Medical Expenses
Medical costs not covered by health insurance may be deducted if they exceed an income-related threshold.
Disability-Related Expenses
Costs for aids, care, or structural adaptations related to disability are tax-deductible.
Home Ownership and Housing Costs
Mortgage Interest Deductions
Mortgage interest for owner-occupied property can be deducted from taxable income.
Rent Deductions
In certain cantons, rent or parts of it may be tax-deductible.
Retirement Provision and Savings
Pillar 3a
Contributions to Pillar 3a are tax-deductible and directly reduce taxable income.
Securities Losses
Losses from securities transactions may be offset against gains and thus reduce tax liability.
Environmentally Friendly Measures
Energy-Saving Measures
Investments in energy-efficient renovations or renewable energy may be tax-deductible.
Public Transport
Public transport costs can be claimed as professional expenses.
