The allocation of the first round of family tax refunds has been completed, and by February 14, more than HUF 610 billion were received by parents raising children. All eligible persons are entitled to a family tax refund, this right cannot be taken away from anyone. Those who did not receive the amount of the tax refund by February 14 can claim the tax refund in their tax return, informed András Tállai.
The State Secretary responsible for parliamentary affairs of the Ministry of Finance added that the money will be transferred by the tax office within thirty days of receipt of the return, but no earlier than March 1, 2022.
The most important tax period of the last thirty years may be the personal income tax return period until May 20, András Tállai stated. Its significance is on the one hand the fact that the second round of family tax refunds will start on March 1st, and on the other hand the fact that families with children, expectant mothers and those entitled to family allowance and disability pension have never received so much money before - he detailed .
The state secretary said that tens of thousands of parents of children can use the family tax refund in their income tax return. And for many, even after the submission of the tax return, in addition to the amount received by February 14, tax may be refunded; for example, for those who, in addition to wages, also earned income from real estate leasing or primary producer activities last year, he noted.
The amount of the family tax refund was automatically received by February 14 by mail or by transfer to the beneficiary whose data the tax office knew about the transfer, or who submitted his statement by December 31, 2021 and his entitlement to the tax refund existed without a doubt, he recalled the secretary of state.
Those who failed to submit the declaration required for the allocation by December 31, as well as those sole proprietors, primary producers and landlords who only earned income in 2021 for which they paid the tax advance themselves can claim the tax back in the sja return - the state secretary listed.
Those who have conflicting or incorrect data from their employer to the tax office can also apply for a tax refund in their personal income tax return, for example, the employer did not provide the family allowance data for every month, but only intermittently, or the two parents together used more family allowances than he would look after the children based on the law - added András Tállai.
Most people plan to use their tax refund for savings
The majority of people plan to use the tax refund for long-term savings, according to a joint research by OTP Bank and Groupama Biztosító, which was presented at an online event on Wednesday.
Erika Gönczi, head of the bank insurance department at Groupama Biztosító, said: according to their research, the respondents plan to spend 51 percent of the sja refund on savings, while roughly half of this would be kept in a checking account or in cash, i.e. in an easily accessible way.
Among those who answered, the proportion of mentions of government bonds, savings accounts, pension insurance, or fixed deposits was also significant, he added. 10 percent of those planning to save would invest in an insurance product, and many would start life or pension insurance for the first time.
The experts of OTP Bank, OTP Nyugdíjpénztár and Groupama Biztosító agreed at the discussion that it would be important to direct a part of the huge amount that has just been transferred back to self-care.
Source: Magyar Hírlap/MTI
Image: Iriszoffice
