Increase in deduction for childcare costs - max. Fr. 25'000 per child
As of January 1, 2023, the higher deduction for childcare costs will come into effect. As of the 2023 tax year, up toFr. 25'000 per child and year can be deducted for direct federal tax purposes. Previously, the deduction was a maximum of Fr. 10'100 per child per year and will thus be significantly increased, thus providing relief for families. For the deduction of the higher costs, it is up to the taxpayer to prove the actual costs, as before.
For any further questions or advice, please contact Cornelia Hager, Head individual taxation, firstname.lastname@example.org or Remo Merz, Swiss certified tax expert email@example.com.
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Remo Merz, 25 January 2022
Keywords: tax, deduction for childcare costs, tax deduction