The Limited Times

Now you can see non-English news...

Child bonus of 150 euros per child is paid in May - not all families benefit 

2021-02-23T21:52:28.153Z


The child bonus of 150 euros per child should be paid as early as May. But which families actually benefit from it in the end?


The child bonus of 150 euros per child should be paid as early as May.

But which families actually benefit from it in the end?

For many

parents it

is good news: The 

child bonus 

of 150 euros per child is to be paid out in May *.

Such a corona child bonus of 300 euros at that time was already available for families last year.

The 

surcharge on child benefit should now

 amount

to a one-off 150 euros in 2021

.

The child bonus is

offset against the

child tax allowance

.

Child bonus: 150 euros per child - which families benefit from it?

Not all families benefit

equally

from the child bonus

.

Because this time too, as

reported by

wiwo.de

, the

high earners will

"go away empty-handed" - because they would already

benefit

more from the

child allowance

.

This year, the child allowance is 8,388 euros per child.

You can also read: 

Childhood sick days: Is a tax return due and what are the disadvantages?

Sample calculation for child allowance and child bonus

In the above-mentioned report on

wiwo.de

, Daniel Schollenberger, tax expert at the specialist portal

Steuertipps.de

,

explains

the bill using a fictitious example case as follows: Two “freshly baked” parents with one son have a joint taxable annual gross income of 80,000 euros and have to pay about 16,904 euros in taxes.

If you subtract the allowance of the two, i.e. 8,388 euros, from the 80,000 euros annual income, you get a taxable income of 71,612 euros.

Correspondingly, less taxes were incurred on this lower income - in this case around 14,062 euros, as it is said on

wiwo.de

for the example

calculation

.

Without the child allowance,

you would have had

to pay

16,904 euros

in taxes, and with a

child allowance 14,062 euros

, the so-called example

calculation

- which corresponds to a

relief from the child allowance of 2,842 euros

 .

By comparison to

child support

parents in the fictional example of a month would get 219 euros and 150 euros one-time

child bonus.

.

Which adds up to a total of 2,778 euros.

This amount is therefore lower than the tax relief from the child allowance.

wiwo.de

finally quotes the expert as follows: The example of the two young parents shows that with the child allowance "more than 64 euros more tax-free money a year than would be the case with the child benefit and child bonus" .

It also says on

wiwo.de

: This means that the child bonus "is in fact of no use for both of them, because with and without the child bonus they have more tax relief than the amount of child benefit".

You can also read:

More child benefit and a child bonus: How parents can benefit in 2021

With what income do parents benefit from the Corona child bonus?

Which families ultimately benefit from the child bonus and how?

In addition,

wiwo.de

reports

specifically: "Spouses only benefit

at least partially from the new

child bonus

up to a 

joint gross annual income of around 75,000 euros a year

,

for

single parents

the limit is an annual income of 37,500 euros." According to the report, these values ​​are related on the taxable gross income.

By taking into account pension and health insurance contributions for tax purposes, the exact gross limit could be a little higher in individual cases.

You can also read about this:

Child bonus: that much is really left for single parents

In the

meantime,

low-wage earners in

particular

would be dated

Benefit from the children's bonus.

Because it is

offset against

the

tax child allowance

as described

, but

not added to the basic security

.

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

Also interesting:

Using the home office flat rate correctly: This is how it works with the tax return

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

List of rubric lists: © Jens Büttner / dpa

Source: merkur

All life articles on 2021-02-23

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.