From January 1, 2015 and January 1, 2016, the Family Tax Benefit Benefit Regulations have changed. It is worth taking advantage of the maximum discount, and if this year has not occurred, you can reclaim the amount you have not received by filing a tax return.Our most recent article on Family Benefits is available here: Family Benefits 2016: Amount, Terms, How to Apply
The family adulked guide - its official name family contribution discount - essentially a benefit for the consolidated tax fund, which is also eligible for family allowances for dependent young children. The number of non-searchable children in education is also taken into consideration. The basic condition for the benefit is that the claimant is insured under social legislation.
A family discount can add a lot to the family cashierMany wouldn't know about the family-friendly discount ...
… The discount is available for the fetus as early as 91 days, so a baby of the same age as the fetus can qualify as a favored child (in this case, a medical certificate may be required by the applicant at the official date of conception).
… In the tax return - if the payer did not take it into account, even if it was possible - it can be credited back;
… Not only for "normal" work, but also for CSED, GYED (if you have an insurance relationship);
… The benefit can be shared and validated between eligible persons (this can only be achieved if the gross income of one of the eligible earners does not reach the amount by which the maximum family benefit can be used or lost);
… A child eligible for a family ticket as well as an individual in disability classes.
What has changed since January 1, 2015?The most important change from the previous year was the extension of eligibility: from now on, a non-eligible family partner eligible for a family allowance can also qualify for the tax benefit. (This may be useful if you are raising a non-pregnant child in a household, that is, a parent.)
It is also important that the tax base on which the calculation is based should include income from other gainful activities (eg, permanent lease of property, etc.). In such a case, the claimant must apply for an advance payment certificate from the paying agent.
As of 2016, it is NOT mandatory to include the tax identification number of the dependent child (s) in the tax return in the employer's accounts. If more than one family is taxed or shared, the other party's tax number must be entered.
2016 also included a change for two-child: the amount of two-child allowance for children increased. It is planned to double the current amount by 2019 by 2015, so that starting from 2016, the discount will be gradually increased to HUF 2,500 per year.
What is the amount of the family tax benefit in 2015 and 2016?The benefit can be redeemed on a monthly basis depending on the number of dependent children and the number of children on whom the allowance is granted.
The value of the family discount:
- In case of 1 child it is childish $ 62,500 tax base discount, so the family tax rebate is maximum $ 10,000have to pay less to the state,
- For 2 children, the tax base allowance was $ 62,500 in 2015 (which meant a saving of $ 10,000 per child), while in 2016 the tax base discount is 83,330 HUF, so the family tax concession is maximum $ 12,500have to pay less to the state,
- Children with 3 or more children 206 250 Ft tax base discount, so you can validate the family tax discount up to $ 33,000with more in the pocket.
Calculating the Family Benefit BenefitThe basis for the calculation is the gross bar (also, by default, the corresponding PIT) and the number of children depending on the amount of tax deduction.
January 1st, 2014 In addition to personal income tax, contributions can also qualify for a tax credit. This is important because in many cases, the maximum benefit that could be taken from earnings was not limited, as the amount of personal income tax (personal income tax) did not exceed the potential ceiling, resulting in an "unused advantage". (For example, in 2013, a person earning a minimum of $ 98,000 had a personal income tax of $ 15,680, which he could not use for a $ 20,000 discount on 2 children.) However, from 2014, the allowance could be extended to $ 7,000. % health insurance contributions, plus 10% pension insurance contributions. Thus, the tax base has virtually increased to 33%, which is potentially covered by the discount.
To illustrate the calculation, we would like to take the minimum price, which in 2015 was HUF 105,000 gross. If you do not have a child who earns a minimum wage, you get $ 68,75 in hand. Let's say that those earning a minimum wage are children and are taking advantage of family tax breaks. If you have 1 child, 78,785 HUF, if you have 2 children, then 88,775 HUF, if you have 3 children, you have 103,425 HUF. (So $ 10,000 for 1 child, $ 20,000 for 2 kids, and $ 34,650 for 3 kids is more than work without a parent.
What is the difference between a dependent and a beneficiary?A dependent but not a favored child who studies in an institution of higher education, has passed away, has no parents, but still lives at home and does not search. Dependent and beneficiary is a child who returns to the family after 18 years of age.
If the situation is that there are dependent but uneducated children in the household, the combined calculation method will come to an end: for example, you have 2 college children who are family-friendly, have one child, 2 no, however, a multiple of a multiple is applied to the family discount for children of 3 or more. Calculated in this case, there is a tax deduction of HUF 206,250. This is realized with a monthly saving of 33 000 HUF, because in the case of 3 children this amount is enough for every child, but only 1 child is the beneficiary, therefore we multiply the discount by 1.
How do I get a family discount?You need to fill out a tax advance statement and submit it to your employer. The monthly rebate is non-refundable and is valid from the following month.
For accurate calculations, you can use the NAV Family Benefit Calculator and the HR Portal Calculator for the HR Portal.