The exemption for young mothers under the age of thirty only came into effect on January 1st, but in just one month more than three thousand people took advantage of the opportunity provided by the newest element of the family support system. You have to apply for this discount, it doesn't come automatically, but it's definitely worth taking care of it, because it means an average of HUF 52,000 extra money for a mother every month - said András Tállai, Deputy Minister of the Ministry of Finance and Parliamentary State Secretary, in an interview with Magyar Nemzet.
In the interview given to the newspaper, he also said that the support of Hungarian families is among the government's priorities despite the economic difficulties caused by the war and sanctions. " What's more, despite the challenging economic situation, we continued to expand the range of family subsidies. In addition, let me point out that from January 1, 2022, the government introduced the new tax base discount, according to which those under the age of 25 do not have to pay personal income tax up to the average wage. The cabinet has now expanded this with the sja discount for young mothers under the age of thirty, which is such a new option that the government decided on it at the end of last year. It came into effect on the first day of this year, so I can provide data from January. Accordingly
in the first month, 3,091 people applied for this discount, which data is probably a fraction of the number expected at the annual level, and the affected mothers can count on almost HUF 52,000 per person per month. This is because the employer can deduct at most this much less tax from his employee's salary. So the young mother receives a maximum of this much more net salary each month.
Young mothers under the age of thirty can also use the discount for wages or other income from non-independent activities, for example income received for the performance of the duties of a senior official of a company, or for remuneration for personal contribution as a member of a company.
But
the discount can be claimed from taxable social security benefits, such as the infant or child care fee.
If the mother works as an individual entrepreneur, the entrepreneur's allowance or the flat-rate income can be reduced with this discount. If the mother works as a primary agricultural producer, she can claim the discount from her income as a primary producer. And if you obtain income from the payer on the basis of an assignment contract or usage contract, you can use the discount from this income.
Those entitled to the discount for mothers under the age of thirty must submit a tax advance declaration to their employer. If the young mother applies the discount during her pregnancy, she must make a new declaration after the birth of the child, as she becomes entitled to family allowance after the birth of the child.
since 2010, the government has been continuously reducing taxes on labor: the personal income tax was reduced from 36 percent in the Gyurcsány era to 15 percent, with which we achieved the third lowest tax rate in Hungary among the countries of the European Union.
In this difficult and dangerous global economic situation, in the middle of the protracted Russian-Ukrainian war and the sanctioned energy crisis, the government does not change the tax system to the detriment of families, young people, and pensioners. Our primary goal remains to help economic growth, simplify the tax system, minimize the administration related to tax returns and expand the range of family support measures."
Source and full article. Hungarian Nation
Featured image: Lidl Hungary
