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Corona: Is there a threat of back tax payment in 2021 after short-time work?

2021-01-19T13:35:24.809Z


Anyone who receives support in the corona crisis may have to pay taxes retrospectively. What those affected by short-time work must consider in their tax return.


Anyone who receives support in the corona crisis may have to pay taxes retrospectively.

What those affected by short-time work must consider in their tax return.

  • Many people received

    Corona aid from the state

    in 2020

    , many were or are on

    short-time work.

  • However, those affected should inform themselves in good time whether and which

    taxes are

    due.

  • Experts explain what those affected should look out for so that you do not experience a nasty surprise in the end.

Corona crisis: after short-time work in 2020, is there a risk of additional tax payments?

Update from January 19, 2021:

Many Germans were

affected

by

short-time working

due to the

corona pandemic

in

2020

.

What is the

tax return *

to note?

These state benefits are initially tax-free, as it says on BR.de.

In the report, Ulrich Daumoser from

Lohnsteuerhilfe

Bayern

explains

it like this: “The short-time work allowance is a tax-free benefit, but it is viewed as additional income”.

It thus increases the average tax rate in the tax return.

In other words: there may

be an

additional tax payment

in

2021

.

Because, as the report also says,

wage replacement benefits

are subject to the “progression proviso”.

This means that the short-time work allowance is added to the regular wage retrospectively in the tax return.

It thus increases the

assessment base

and the

tax rate for the regularly paid salary

.

And that in turn can be found in the

tax assessment

.

Also read

: Using the home office flat rate correctly: This is how it works with the tax return

Short-time work: Tax returns from 410 euros wage replacement per year

Anyone who was on short-time should therefore find out more.

According

to

the report,

whether an

additional payment to the tax office

is

really

necessary depends on many factors - including the

duration and the proportion of short-time work

.

But the

individual marginal tax rate

and the distribution of

tax classes among married couples

would also play a decisive role.

It is important:

From 2021 onwards,

everyone who “

receives a wage replacement of at least 410 euros per year due to short-time work

must

submit their

income tax

return, ”

the report says in detail.

Also read

: Tax return 2020: What to consider now

Corona grant: Make use of the tax-free bonus by December 31, 2020

Update from November 12th, 2020:

During the first wave of the corona pandemic *, many employees already received a

tax-free corona bonus

of up to 1,500 euros.

Especially in the health care and retail sectors, the money was paid because of the special workload.

Such a corona bonus is not only conceivable there, however.

"

The possibility of receiving this tax-free Corona bonus basically applies to all employees and even to mini-jobbers,

" explains Erich Nöll from the Federal Association of Income Tax Assistance Associations of the German Press Agency.



Employers who have not yet exhausted the maximum amount or have not yet paid a tax-free Corona bonus

can do so

until December 31, 2020

, as the report continues, because the regulation is currently limited to this date.

“The

prerequisite for the tax exemption of the Corona bonus is that this bonus is paid in addition to normal wages and that no salary conversion takes place,

” explains Nöll, according to dpa.

In the case of mini-jobbers, the

corona bonus is

not

offset

against the average monthly income of 450 euros, the report also says.

Corona: Taxpayers should not forget these costs

Article dated August 14, 2020:

Anyone who

receives

Corona aid

from the state should make sure that subsequent claims by the tax office may be due.

The experts from

Stiftung Warentest

refer to this

in a current article.

"Whether employees, self-employed or families: Those who receive support

often have to

pay

taxes retrospectively

," says Finanztest.de. The tips from Stiftung Warentest to avoid a nasty surprise in the end:

Corona aid - in some cases taxes are payable retrospectively

  • Self-employed

    : "Clarify with your tax advisor how high your

    tax burden

    will be in the future, for example if you

    receive

    immediate aid

    or

    have

    postponed payments

    ", so the advice from Stiftung Warentest.

  • Families

    : "Think about whether you

    benefit

    fully from the

    Corona child bonus *

    or whether your

    income

    is too high for it.

    The

    tax assessment for the previous year

    and the income stated there

    serve as a guide

    . ”The child bonus, like the child benefit, is offset against the child tax allowance.

  • Employee:

    "If you have received

    short-time work allowance

    *

    , plan additional claims from the

    tax office

    .

    If you were in the

    home office,

    check whether you can

    deduct the

    costs for a study. "

  • Early retirees:

    Before starting a part-time job, ask what remains net.

    Plan for deductions if your monthly gross is over 450 euros.

Find out here:

Saving taxes in the home office: Urgent advice from experts - would you have thought of that?

Corona child bonus to short-time work allowance: don't forget taxes

Those affected should find out more about each individual case.

According to the experts,

many recipients of

short-time allowance

have to

expect

additional demands from the tax office

- "The wage replacement is tax-free, but the short-time allowance can increase the tax rate for the other income," says the statement from Finanztest.de.

You can also read

: Tax return: How you can deduct moving costs and get a lot of money back.

With the

Corona child bonus with a total of 300 euros per child

,

which has been paid out to families since September 7, 2020 (the first installment of 200 euros flows in September and the second with one hundred euros in October), the situation is as follows:

families with low and middle incomes

should benefit from this in particular

.

The extra payment does not count towards other ongoing family or social benefits.

So their amount does not change.

Families with higher incomes

, on the other hand, benefit less or not at all from the

child bonus

, writes the German Press Agency, since it - like

child benefit

- is offset against

the

child allowances

in the tax.

“The higher the income, the more parents benefit from these allowances.

When calculating the tax, the tax office automatically selects the variant that is cheaper for the parents. "

In other words, the money naturally ends up in the

family budget

.

At the end of the day, the 300 euros only remain in full if

married parents

with one child do not have an annual income of more than 67,800 euros.

Unmarried parents

benefit fully from the child bonus up to an income of 33,900 euros.

Families should plan accordingly.

Read here: The

300 euro corona child bonus for child benefit will be paid out from now on: When do you have to pay the first installment?

However, the

tax return

for 2020

could also be "disappointing" for many taxpayers who have not received Corona aid, it says on Finanztest.de - for example for

commuters, because they can claim less travel expenses than in previous years.

The tax savings could then be correspondingly lower.

"If the annual statement brings you a lot of money back, you should take into account that you may have to be content with less this time." Those who work from home for several months in 2020 will of course save on commuting expenses at the same time.

"However, these savings may no longer be in the back of the mind when the tax forms are filled out next year," the experts said.

Can work equipment be deducted from tax?

Another tip for the next tax return - regardless of Corona:

Consumers should basically check which

work equipment

they can possibly deduct from their

tax

.

For example, if you also need the PC or notebook (promotional link) you bought last year for your job, you can immediately deduct such equipment with a purchase price of up to 952 euros including VAT.

“This makes it easy to skip the € 1,000 flat rate for advertising expenses.

Expenses for things that taxpayers use 90 percent for work can be included entirely as income-related expenses, including office furniture, "advises Stiftung Warentest. It is best to file all documents for the next tax return in a folder that you can use at home Shelf (promotional link) have quick access at any time.

Read more here

: Tax returns: These items bring you back a lot of money from the state

Some things are largely used privately.

“They count as work equipment even if only half of them are used professionally.

However, only the professional share of the costs can then be

claimed

in the

tax return

. ”

For more expensive work equipment, the following applies

:“ A purchase price over 952 euros must be divided equally between taxpayers and the years of the expected useful life of the item.

In the year of purchase, the costs are divided exactly to the month. ”

(Ahu) * Merkur.de is part of the nationwide Ippen central editorial network

Source: BR.de;

Test.de;

Help with the tax

Taxable?

Appropriate control software (promotional link), in which the individual steps are clearly explained, can be of great help.

Also interesting:

Child benefit should increase in 2021: parents should get this much money for their children

Compact tax return: amendments, deadlines and submit retrospectively

Compact tax return: amendments, deadlines and submit retrospectively

This article contains affiliate links.

Source: merkur

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