How long do I have to submit my income tax return?
June 4, 2024 | 40,00 EUR | answered by Tatiana Herrmann
Dear Tax Advisor,
My name is Karl Heinze and I work as a salaried architect in a renowned architecture firm. I have never filed an income tax return before, as my employer deducts the income tax directly to the tax office. However, I have heard that it may be beneficial to submit an income tax return in order to possibly receive tax refunds.
I am now wondering how much time I have to submit my income tax return. I am unsure if I am already late and if I may face penalties or other consequences if I have missed the deadline.
I am concerned that I may make mistakes or not meet important deadlines. Therefore, it would be very helpful for me if you could explain to me exactly how much time I have to submit my income tax return and what consequences may arise if I miss the deadline. Are there any extensions or other options to gain more time?
Thank you in advance for your support and advice.
Kind regards,
Karl Heinze
Dear Mr. Heinze,
Thank you for your question regarding the submission of your income tax return. It is good that you are addressing this topic, as filing an income tax return can have benefits for you, especially if you may be eligible for a tax refund.
First of all, I want to assure you that you are not late yet. The deadline for filing the income tax return for the calendar year 2021 is usually July 31, 2022. However, this deadline may vary depending on the state, so I recommend that you gather more information, as there may also be extensions available.
If you do miss the deadline, you may face late filing penalties. These penalties can vary depending on the amount of taxable income and the duration of the delay. Therefore, it is important to meet the deadline to avoid additional costs.
To avoid errors in the income tax return, I recommend that you consult a tax advisor. An expert can assist you in correctly preparing the return and ensure that all relevant data and receipts are considered.
If you are unable to meet the deadline, there is the option of requesting an extension. However, this must be done in a timely manner with the tax office, and is usually granted if there is a valid reason.
I hope my response was helpful to you. If you have any further questions or need assistance with your income tax return, I am happy to help.
Sincerely,
Tatiana Herrmann
