The majority of the changes in the Annual Tax Act 2020 will take effect in 2021. But there are also some changes that will take effect retroactively or with a delay.

The biggest reform in the tax law on donations and non-profit organizations brings improvements for taxpayers and non-profit organizations almost across the board.

With three measures in tax law, the governing coalition wants to provide further tax relief and economic stimulus in the Corona crisis.

Starting in 2021, the often suggested increase in disability lump sums will be implemented and combined with further tax improvements for the disabled and long-term care cases.

There are numerous changes in 2021, especially in income tax, many of which reduce the tax burden.

In the future, parents will be able to file applications for child and parental benefits much more easily when a child is born, as benefits can be applied for in bundled form and authorities can exchange data with each other.

Bonus payments from a statutory health insurance fund for participation in health measures that are subject to a charge are not a reimbursement of contributions that would reduce the special expenses deduction.

For tax purposes, admission tickets are an asset for which a speculative gain from resale is taxable.

More child benefits and an adjustment of tax benchmarks mean a financial improvement for families in particular.

The often suggested increase in the lump-sum disability allowance is now being implemented and combined with further tax improvements for the disabled and long-term care cases.