Construction project single-family house, shed roof - feedback and assessment

Good morning,

sorry for the short off-topic but

Morning, why do you have tax class 4? Not because of parental allowance.
Tax class 3 would make much more sense with your income distribution. Or otherwise 4/4 with factor.

When I read something like this, I can only shake my head.
Changing the tax class makes sense in exactly 2 cases.
Case 1: you need the monthly net increase because otherwise you can't make ends meet and thus receive the annual refund monthly in advance.

Case 2:
The wife changes to tax class 3 to effectively receive higher parental allowance. The progression must be considered here. In the end, however, you still get significantly more out of it.

Whoever is smart and not obligated to submit a declaration delays the submission until the latest possible date and lets their credit bear interest from point X at 6% per year.

Regards

Hello Tassimat,

I would like critical feedback, so thank you very much!

I am planning a special repayment of 10K per year. This, combined with about 1,200 euros/month, corresponds to an annual payment burden of about 25K. In my opinion, that is realistic for us.
Nevertheless, I wanted a special repayment to remain somewhat flexible, for emergencies. But it should be 25K per year.

There should (planned) be no more children. We will be 40 next year. What could still happen in this regard would be an accident J Even with a second child, I could maintain my self-employment.

My wife could easily find a part-time job, but we have consciously decided on a mini job because our son is still too young and she is studying. She has a bachelor's and master's degree, and completed training as a childcare worker with many years of experience in daycare. Above all, as a childcare worker she could start quickly in many daycares, since at least today and probably for the next few years, staff is desperately needed.
But as I said, no more children are planned and I consider it unlikely that we will have another one. The heir is already here J
Regarding taxes: I am somewhat knowledgeable. I am quite aware of what I am doing here. I am also aware that tax classes only control the amount of prepayments and are reconciled with the annual return. So these are only temporary effects (since we are assessed jointly).

So: do you find our project appropriate to our conditions and do you consider it realistic?

There are (planned) to be no more children.

Oh sorry, I misread and thought there were supposed to be more coming.

So: do you find our plan appropriate to our circumstances and consider it realistic?

You’re not going in naïvely, so just do it. Seems realistic at first.

Do you already have exact construction costs and financing offers?

Unfortunately not yet :/

I could probably acquire the property in the next few weeks.

Anyone who is smart and is not obliged to submit a declaration delays the submission until the latest possible date and has their credit balance from point X earn interest at 6% per year.

But then do not forget to tax the interest received from the tax office as capital income in the following declaration, subject to exemption orders.
** End OT