der Grundfreibetrag
Translation
basic tax-free allowance, personal allowance
Examples
Der Grundfreibetrag wird jährlich angepasst.
The basic tax-free allowance is adjusted annually.
Sein Einkommen liegt unter dem Grundfreibetrag.
His income is below the basic tax-free allowance.
Grammar Patterns
the basic allowance is ... The basic tax-free allowance is $13,850.
to be below the basic allowance His income is below the basic tax-free allowance.
Similar Words
Synonyms: Steuerfreibetrag (tax-free amount)
Etymology
Composed of 'Grund' (basic), 'frei' (free), and 'Betrag' (amount). It's the 'basic amount' that is 'free' from tax.
Memory Tips
Break it down: Grund (ground/basic) + frei (free) + Betrag (amount). It's the basic amount of income that is free from taxation.