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Shortage of money because of Corona? There is this relief with income tax

2020-05-20T15:20:16.948Z


In the corona crisis, many of those affected have financial bottlenecks. There is a relief when it comes to the demands of the tax office.


In the corona crisis, many of those affected have financial bottlenecks. There is a relief when it comes to the demands of the tax office.

  • Many taxpayers have experienced financial constraints as a result of the corona crisis *.
  • Current expenses continue to be incurred.
  • However , there are reliefs for claims by the tax office .

Income tax prepayment can be reduced in the corona crisis

The corona crisis * caused financial bottlenecks for many people. At least there is relief with regard to the demands of the tax office . Thus, sufferers who have less money to spend because of the Corona crisis, its E inkommensteuervorauszahlung reduce, as the German Press Agency reported.

At the request of a reduction to zero euros is possible, cited dpa the Bavarian tax help (Lohi). Advance payments already made could also be reimbursed.

There is one prerequisite: the taxpayer is directly and not insignificantly affected by the corona crisis. For the tax office it is sufficient if there is a brief justification that the personal income situation has deteriorated due to the crisis, for example because a second job has been canceled and payment difficulties have arisen from this.

Read here : Tax return 2020: That's why you should take a picture of your home office right now

Corona crisis: deferment of income tax payments

If the tax office announced with the last tax assessment * that a subsequent payment of a higher amount is due, there are two options according to the dpa report:

  • If someone cannot make the full payment in due time due to the current income amount, an installment payment may be  agreed with the tax office .
  • Or an application for deferral of the additional payment is made. The additional payment does not expire due to the deferral, but it can be made up later. Because of the corona crisis, the postponement is possible until the end of the year.

Find out here : Tax return 2019: These items bring you a lot of money back from the state

Corona crisis: deferred interest no longer applies

For an open tax liability, interest of 0.5 percent per month is due from the first day of the deferral, as the report goes on to say. This is high given the current interest rates on the capital market, because the interest rate per year is 6 percent.

A deferral does not normally automatically result in the waiver of interest unless the deferral application is made because of the corona crisis. Then the deferral takes place without interest.

Also interesting: Pay with a card in the shop: Attention, it can be that expensive

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* Merkur.de is part of the nationwide Ippen editorial network.

Source: merkur

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