Simplified Tax Return. Imagine it only takes 10 minutes to fill out your income tax return – and you still get a tax refund. What sounds incredible because of the complicated tax law- in different countries, actually works in many cases. By completing the simplified tax return for employees.
INFO! Simplified tax returns for employees will no longer apply from 2020! Since 2019, the tax authorities have not asked for data that has already been electronically communicated to it by third parties. Therefore, from the 2019 assessment period, there will no longer be a paper form for the simplified income tax return for employees. The “normal” cover sheet (ESt1A) has been simplified and now takes the place of the simplified tax return.
Who is allowed to submit the simplified tax return and for whom is it worthwhile?
The simplified income tax return is intended for employees who have only received wages (including pensions) and, if applicable, certain wage replacement benefits (e.g. parental allowance, unemployment benefit, maternity benefit and only the income-related expenses, outstanding expenses, extraordinary burdens and expenses specified in the simplified income tax return Have tax breaks. If an employee is married, the simplified tax return may only be submitted if the joint assessment is requested. For everyone who has more complicated tax cases or who want to optimize their tax refunds, professional tax software can be useful. There is now inexpensive tax software that is also worthwhile for simple tax cases. Such a program can help you increase your tax refund. The simplified tax return is therefore incredibly worthwhile for employees who are not looking for the ultimate tax-saving strategies and instead want to get back their overpaid income tax quickly and without great effort. If you like it a little more modern and don’t have a complicated tax case, you should take a look at the tax rule. The most apps enable the tax return via chat – easy, quick and understandable.
Simplified tax return: Restrictions on the deduction of business expenses, extraordinary expenses, etc.
The simplified tax return is intended for employees who do not present complicated expenditure items to the tax office. For income-related expenses, you can only claim the following expenditure items in the simplified income tax return:
- Distance flat rate for journeys between home and work
- Expenses for work equipment (PC, office chair, shelf)
- Training costs
- Account management fees with a flat rate
- Travel expenses for external activities
- Membership fees for professional associations