Table of contents:

Tax return: news for the extension of the deadline
Tax return: news for the extension of the deadline

Video: Tax return: news for the extension of the deadline

Отличия серверных жестких дисков от десктопных
Video: IRS extends federal tax filing deadline but states may differ 2023, January
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The deadline for filing tax returns for the previous year is July 31 for anyone who does not have a tax advisor. Ignoring this appointment can be expensive. Enforcing an extension of time is no longer as easy as it used to be. Here you can find out what you need to know about the legislative changes from 2020 and how you can still extend the deadline.

Table of contents Table of contents Tax declaration: How to apply for an extension of the deadline

  • When does the deadline for the tax return end?
  • Tax return submitted too late - what happens now?
  • How do I request an extension for the tax return?
  • Who has to file a tax return?

Table of contents Table of contents Tax declaration: How to apply for an extension of the deadline

  • When does the deadline for the tax return end?
  • Tax return submitted too late - what happens now?
  • How do I request an extension for the tax return?
  • Who has to file a tax return?

When does the deadline for the tax return end?

You must submit your tax return no later than July 31. The date has been applicable to all taxpayers since 2019, whether employees or pensioners who do not have a tax advisor and submit their tax returns themselves. All those for whom the tax office can expect an additional payment are obliged to file a tax return.

With the extended submission deadline, the tax office wants to ensure that everyone submits on time. After a transition phase until February 2020, stricter rules regarding the extension of deadlines now apply.

Tax return submitted too late - what happens now?

Delinquent taxpayers receive a reminder from the tax office. So far, it has been in the benevolence of the clerk, what time period he allows for a second period and whether he also imposes a penalty payment or not. It will be different from 2020: If you do not deliver on time by July 31, you pay 0.25 percent of the specified tax, but at least 25 euros per month or part thereof, by which the deadline is exceeded. If the additional payment is over 10, 000 euros, a higher penalty fee will be charged - however, this is capped at 25, 000 euros. From the 15th month of delay, the tax office also charges interest at a rate of 0.5 percent for each additional month. So it will be expensive to miss the deadline. If a taxpayer does not respond to a reminder, the tax office estimates the income and levies the tax on it. As a rule, the taxes are higher.

How do I request an extension for the tax return?

The hassle and especially the costs can be avoided if you request an extension in July. But be careful: In the past, an informal letter or email to your tax office was sufficient to achieve an extension. The reasons for the postponement were previously:

  • outstanding, missing documents
  • own illness or that of a family member
  • a longer absence
  • special occupational burden

It's different today! Since you have two months more time, the clerks are required to enforce the deadline more restrictively. The delay surcharge is automated, so it definitely comes.

If you receive a penalty from the tax office with a deadline but you still do not submit the tax return, the penalty will be fixed with a further deadline. As a third step, the tax office sets the tax and requests payment. Then you have no choice but to pay. However, it is imperative to submit your own tax return. In the end, the estimated tax is credited to the correct tax. A lot of trouble that you should avoid.

Another and more convenient way to get an extension is to submit your tax return to an expert. This automatically gives you more time, because for tax consultants and income tax relief clubs, the deadline for submissions is only in February of the following year. And you can quickly get rid of the annoying paperwork.

Who has to file a tax return?

people

all employees with tax class III, IV with factor, V or VI

all traders, freelancers and other self-employed

Pensioners whose income is above the basic allowance (this is EUR 9, 408 for single persons and EUR 18, 816 for married couples - * as of 2020)

income

They have additional income of 410 euros, for example from renting or leasing

You have received wage replacement benefits over 410 euros, for example parental allowance, maternity allowance, sickness benefit, unemployment benefit or short-time allowance

You have changed your employer

You received two salaries or received severance pay at the same time

You have earned investment income (e.g. interest, dividends, or speculative gains) without paying withholding tax

You have money in foreign accounts

marital status

You and your legal partner have chosen tax bracket combinations III and V

You and your legal partner have been assessed according to tax class IV

Your marriage was divorced and you or your ex-partner remarried the same year

Allowances

The tax office has entered exemptions for you or your partner, for example:

- Ride costs

- Childcare

- Flat rate for disabled people

- Losses from rental

Voluntary tax return

You can also submit a tax return voluntarily - in most cases it even pays off. About when …

  • high advertising costs or special expenses were paid
  • Artisans, household services or domestic help were paid
  • an employment relationship was interrupted
  • wages vary
  • the tax class was changed

In this case, the deadline for filing the tax return is four years.

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