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Can you expect any money back? Three tips for an early tax assessment

2024-03-07T07:06:03.210Z

Highlights: Can you expect any money back? Three tips for an early tax assessment. As of: March 7, 2024, 7:56 a.m By: Anne Hund CommentsPressSplit If you don't take too much time with your income tax return, you will receive a possible refund earlier. The income tax assistance association United Income Tax Assistance (VLH) explains this and gives three tips to get the tax assessment in your mailbox as soon as possible. Download the tax return checklist HERE for free and find out at a glance which costs you can deduct from your taxes.



As of: March 7, 2024, 7:56 a.m

By: Anne Hund

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If you don't take too much time with your income tax return, you will receive a possible refund earlier.

Many people don't want to wait too long to file their tax return and prefer to submit it as early as possible.

Either because they expect a tax refund and would like to have the money in their account quickly.

Or because they expect a back tax payment and want to be certain quickly.

The income tax assistance association United Income Tax Assistance (VLH)

explains this

and gives three tips to get the tax assessment in your mailbox as soon as possible.

Download the tax return checklist HERE for free and find out at a glance which costs you can deduct from your taxes.

Tax return 2023: Three tips for an early tax assessment

  • If you want the tax assessment to be issued as soon as possible, according to tax experts it is actually worth submitting the declaration “as early as possible”.

    The tax office processes tax returns as they are received, “at least from March onwards,” as the VLH message said (as of February 26).

  • “Digital takes precedence over analogue,” the tax professionals also explain, with a view to the time component.

    Because that usually means less effort than in paper form.

    In many cases, applications submitted electronically via Elster to the tax office are even processed fully automatically, according to the VLH.

    Then the notification will be given particularly quickly.

  • The experts also recommend keeping proof, receipts and receipts to hand.

    Taxpayers could then react quickly if the tax office had questions or asked for evidence.

You should keep receipts and receipts handy.

(Symbolic image) © Zoonar.com/Erwin Wodicka - wodicka@aon.at/Imago

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When can you expect the tax assessment at the earliest?

At the beginning of the year, current tax law changes would first have to be fed into the software in the tax offices, the VLH explained in general terms in its communication.

“In addition, the tax offices are initially waiting for the tax data that is transmitted electronically by employers or insurance companies.

This must be done by the end of February.” Only then would tax returns for 2023 be processed.

As a result, taxpayers can usually only expect their tax assessment from the end of March, even if they had already submitted their tax return in January, according to the VLH.

In principle, you would have to wait several weeks after submitting the tax return before the tax assessment arrives.

Tax return 2023: When does it have to be at the tax office at the latest?

There is still a lot of time left until the 2023 tax return is submitted.

However, you should keep an eye on all deadlines.

What deadline applies if you are obliged to submit a tax return and want to prepare the return yourself?

In such cases, the declaration for the 2023 tax year must be submitted to the tax office by August 31, 2024.

Since this date is a Saturday, the latest submission date is the following Monday - and therefore September 2, 2024.

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Do you need help with your tax return?

With our large tax return checklist you can find out at a glance which costs you can deduct from your taxes.

Download now for free and get your money back!

You can submit the return for the 2022 tax year by July 31, 2024 using a wage tax assistance association or tax advisor.

Under this condition, there is still time for the tax return for 2023 to be submitted “until May 31, 2025 (a Saturday!),” the VLH also informed on its website, so June 2, 2025 is crucial (because it falls If the deadline is a Saturday or Sunday, it is postponed to the Monday after the weekend).

Anyone who submits a tax return voluntarily is not bound to the usual filing deadlines: The voluntary return can be submitted retroactively for up to four years.

Source: merkur

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