In which parents of the children bonus really matters | life

families with children in the Corona-crisis is a Bonus. For each child entitled to child benefit be paid 300 euros. The money is not but for all parents alike.

In which parents of the children bonus really matters | life

families with children in the Corona-crisis is a Bonus. For each child entitled to child benefit be paid 300 euros. The money is not but for all parents alike.

Berlin (dpa/tmn) - According to the plans of the Federal government to families with children receive financial support. 300 euros per child are expected to be in three Installments paid. Coupled with the power to be the children of money, which then increases consequently, three Times around 100 euros per month.

300 euros extra per child will be charged at the income tax the Child tax credit. This means that Not all parents can benefit from the additional performance, equally, explains Uwe Rauhöft by the Federation wage tax assistance associations (BVL).

Happy to be able to parents with lower incomes: "Non-married parents benefit up to an income of about 33 900 euros, the full amount of the child bonus", has Rauhöft, of all things. Married parents benefit up to an income limit of 67 800 Euro in full.

higher income effect of allowances relieving

Earn parents more, bring the kids-free amounts over the income tax assessment usually more discharge than in the course of the year, child benefit paid. For 2020, however, it remains also for these parents, usually when the child, including the child bonus.

"Only from an income of more than 85 900 euros, the effect of allowances for 2020 about the children, money, in addition to tax relief," says Rauhöft. In the case of unmarried parents, the limit is 42 950 Euro.

This means: "From the income of the first paid kids bonus, the income is charged to tax clarification 2020 complete again," explains Rauhöft. "Consequently, the proposed Bonus only of benefit to parents with low and middle incomes."

IRS checks tax return automatically

Background: the child, the state pays, on application, until the children are 18 or until you have finished your training. At the same time for parents, so-called children's allowances in the case of the control (2020: 7812 Euro per child). This will be deducted from the taxable income, which reduces tax payable.

The tax office checks the tax return, whether or not the parents had the child benefit or the allowance. In the case of high-income earners the tax-free amount is worth more, you then get a higher discharge. The children's money collected via the tax again.

Date Of Update: 08 June 2020, 08:34
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