'Age deduction' [Ouderenaftrek] is an additional tax-free allowance for persons age 65 and over who are in tax class 2, 3, 4 or 5, and to whom the green table is applied. The age deduction is only granted if the employee's earnings are below a defined maximum amount. The calculation is influenced by the following parameters:
The data is supplied with the standard delivery. In this step you can enter new values yourself if necessary.
For 1995 the following rule is applied:
The amount available is HFL 792 (age deduction) if the wage earned per year does not exceed HFL 50,423 (maximum annual wage).
The following values are defined:
You can modify data if necessary. Please note that when making changes, you must always use the data defined by the tax authorities.