Taxation Taxpayer statistics reveal: Pandemic forced low-income people to work close-ups, telework is a treat for high-income people

Last year, nearly 700,000 people received tax deductions for travel expenses between home and work. Low-income earners applied for the most tax deductions for business travel expenses.

Under Those earning € 40,000 a year received the most tax deductions for travel expenses between home and work in 2020.

Last year, nearly 700,000 people received tax deductions for business travel expenses. A total of EUR 1.4 billion in reductions was paid.

The tax administration says 55 percent of the recipients of the deduction were men. Those who received the most reductions were among those with a secondary and bachelor’s degree.

Travel expenses between home and work have been the most popular tax deduction for years, both in terms of the number of applicants and the amount of euros applied for, although Korona reduced the number of applicants by 5.6 per cent between 2019 and 2020.

In the corona year 2020, many well-earning experts remained telecommuting.

See also  Tess for 19 thousand dirhams leads two people to court

“36 per cent of those who earn more than 60,000 euros a year applied for a reduction in their office, and travel expenses between home and work were applied for less. According to statistics, on the other hand, low-income people continued to work in the workplace and their relative share of reducing travel costs between home and work increased, ”the product owner Aki Savolainen says in the taxpayer bulletin.

Tax Administration the statistics do not show who has applied for reductions in public transport tickets or who has used their own car.

However, travel expenses between home and work can only be reduced according to your own car if certain conditions are met.

In principle, costs must be calculated at public transport prices.

Domestic and there is currently a deductible of € 750 for travel expenses between the place of work and the place of work.

The average reduction made in 2020 was approximately EUR 2,800, of which approximately EUR 2,050 remained to be deducted after the deductible. With an employee’s taxable annual income of 40,000 euros, the tax benefit of the deduction from the average deduction is less than 400 euros, the Tax Administration says.

See also  Football | The Swedish national football team is in trouble - Serbia got a backlash in the Nations League and relegation to the C level threatens

“Some low-paid people also apply for travel expenses between home and work to some extent that they do not have to deduct taxes because they do not have to pay taxes on such a small salary anyway,” says the leading tax expert. Sami Varonen says in the Tax Administration’s press release.

#Taxation #Taxpayer #statistics #reveal #Pandemic #forced #lowincome #people #work #closeups #telework #treat #highincome #people

Related Posts

Next Post

Leave a Reply

Your email address will not be published. Required fields are marked *

Recommended