Last night, various news outlets in Germany started talking about this tax credit deal that the German government is cooking up.
The deal?
If you did 'home-office' work in 2020....you would get a tax-credit of 5 Euro per day. The discussion right now....there would be a max of 500 Euro you could claim. So even if you worked more than 100 days at home....it wouldn't help you much.
Permanent deal? NO. They are writing this tax code deal to last only two years. Maybe it'll be permanent later, but right now....just two years.
The chief problem? My wife (German in nature)....has done home-office. To be honest though....she hasn't exactly kept a calendar for this situation. She will have to go back to various e-mails and office memos.....to get a 'best-guess'.
This affecting the mileage tax credit? Well....this is another problem. She was being paid a sum of tax-credit (each year) for the 32 km round-trip drive to work each day. She would have to go back, and subtract that sum of days spent at home, and probably 20-percent of that drive-credit would disappear.
In simple terms, if you go and think about it....with the credits here and there, and the mathematical game involved....she doesn't lose....she doesn't gain.
I suspect most everyone fell into the same category.
A tax regulation that doesn't do much except create more paperwork? Well....yeah, in the end, it sure does sound like it.
No comments:
Post a Comment