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Corona child bonus: That's how much is really left for single parents

2020-09-15T15:11:30.093Z


300 euros for each child: Germany’s parents are now gradually receiving the state crisis premium. But not everyone is satisfied with the support.


300 euros for each child: Germany’s parents are now gradually receiving the state crisis premium.

But not everyone is satisfied with the support.

Parents who

receive

child benefit

are known to receive the 

Corona child bonus *

totaling 300 euros per child

.

Since September 7, 2020, affected families

 will be paid

the 

first installment of 200 euros per child

.

In

 October followed by another 100 euros

 - and does it automatically, as the German Press Agency (dpa) reported.

Parents who 

 receive

child benefit

can, according to reports, then 

 expect

the money to arrive on the account

.

When the first payment of 200 euros will be transferred to you, the parents concerned can easily

 read off

the 

last digit of the child benefit number

.

Another 100 euros will follow in October.

The bonus for affected parents is part of the economic stimulus package, which is intended to stimulate consumption again after the corona lockdown.

You can also read:

Child benefit should increase in 2021: This is how much money parents should get

Corona child bonus: Parents with a higher income cannot keep the bonus in full

Those affected should always keep an eye on the tax.

High-income parents

can

child bonus

not keep completely, because it is - like the

child benefit

in the -

control

to the

child tax credit

offset.

In other words: the higher the income, the less of it is left in the end - depending on the income level and family constellation.

Eight of the eligible families should benefit fully, reports dpa, “for example a couple with three children with an annual income of up to around 67,800 euros”, according to the example calculation.

With a higher income, there is less left over, "nothing more from 106,000 euros".

In the case of married parents with one child, if the annual income exceeds 86,000 euros, “ultimately nothing” remains of the bonus.

The

child bonus

is not

offset

against Hartz IV or advance maintenance payments - payments continue as normal.

Read here:

Corona tax trap: Taxpayers should not forget these costs

Corona child bonus: that's how much is left for single parents

Is there always 300 euros more left over

for

single parents

?

No, it says in the dpa report.

It is true that the single parent who

receives

the

child benefit also

receives the child bonus.

But if the other parent pays child support, he can deduct half of the bonus from it.

According to media reports, many single parents feel abandoned because of this.

And the Association of Single Mothers and Fathers also criticizes this.

Survey: this is what parents plan to do with the Corona child bonus

What do parents want to do with the child bonus?

61 percent of the recipients want to

spend

the

child bonus in

whole or in part

, according to a

survey carried out

on behalf of the

Institut der Deutschen Wirtschaft (IW)

according to dpa.

Accordingly, 24 percent of those surveyed say that they would spend the child bonus in full.

37 percent wanted to do this in part, the report said (as of September 2020).

And 39 percent wanted to save the child bonus completely.

In the top income group,

according

to the

survey

, 45 percent have no plans how they want to spend the money, in the middle only 34 percent.

And in the lowest income group, 39 percent wanted to save the money first.  

(ahu) * merkur.de is part of the nationwide Ippen-Digital editorial network.

Also interesting:

Child allowance: Which families will the money be paid to now - and in what amount?

With these seven tips you will save a lot of money in everyday life

With these seven tips you will save a lot of money in everyday life

Source: merkur

All life articles on 2020-09-15

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