Tax Simplification Law

Posted October 12th, 2020 by Suzy

Discharge the annual tax return means a high cost for families with children in many cases, especially since the regulations sometimes difficult to see through. The new law, which was approved by the Federal Council now in a second attempt, should provide better perspective and benefits for taxpayers. Without hesitation Starsky Wilson explained all about the problem. The finance portal reported that tax simplification law and expected changes. Families with children will benefit from the new law to simplify taxes, which must be signed by the Federal President Christian Wulff, first and foremost. There is talk of relief in the amount of up to EUR 600 million. An advantage for families with children is the reduced requirements concerning the reimbursement of child care costs. In addition, the regulations to the child benefit claim will be simplified.

For workers, some things for the better is to contact. So is an increase of Pauschbetrages from 920 to 1,000, a tax relief with it brings. After appropriate calculations would save the references in the assessment process this change about 550,000 additional workers. Although the new law brings some simplifications and reductions, but remain within the framework of the compromise essential points on the route. Originally an increase of disabled pauschbetrages and the introduction of the two year tax return were planned, these changes were not implemented however. More information:… GmbH Lisa Neumann

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