The Limited Times

Now you can see non-English news...

100 euros children's bonus in July to relieve families - no credit to social benefits

2022-07-21T09:42:30.091Z


Child Bonus 2022: Parents need to know that Created: 07/21/2022, 11:31 am By: Carina Blumenroth Parents benefit from the federal government's child bonus. The third bonus payment will be transferred in July 2022 - you have to pay attention to a few things. The costs for people in Germany have risen, regardless of whether it is the cost of living, prices for electricity and gas or fuel costs. T


Child Bonus 2022: Parents need to know that

Created: 07/21/2022, 11:31 am

By: Carina Blumenroth

Parents benefit from the federal government's child bonus.

The third bonus payment will be transferred in July 2022 - you have to pay attention to a few things.

The costs for people in Germany have risen, regardless of whether it is the cost of living, prices for electricity and gas or fuel costs.

The federal government's relief package is intended to help absorb the costs.

The child bonus is part of this relief that is being planned and implemented.

In July, parents will receive an extra 100 euros per child – this is intended to create a balance.

Child bonus 2022: who is entitled to the payment?

All parents who receive child benefit for at least one month in 2022 are also entitled to the child bonus.

This also applies to parents who only receive child benefit from August or later.

Foster parents also receive the bonus for all foster children.

The payment is made without deductions, the federal government states on its website that the child bonus is not counted as income.

This means that people who depend on social benefits do not have to reckon with any deductions.

This applies to the child allowance, the housing allowance and the maintenance advance – this is how low-income people are to be supported.

A seizure of the money is also excluded.

The child bonus 2022 does not have to be applied for, the payment is made automatically.

The child bonus 2022 will be paid out in July shortly after the regular child benefit.

(Archive photo) © Fleig,Eibner/Imago

High-earning families will not benefit from the child bonus for 2022

Families with a higher income do not automatically benefit from the child bonus.

The Lohnsteuerhilfeverein Bayern eV explains: “Only in the case of higher-income parents does the tax authorities offset the bonus against the child allowance as part of the tax family benefit equalization.

In the comparative calculation based on the income tax return, if parents are better off with the child allowance than with child benefit, the child bonus no longer has a tax-relieving effect".

The time before the euro: Who still knows these currencies?

View photo gallery

Child bonus and immediate child supplement – ​​what are the differences?

A major difference between the child bonus and the immediate child supplement is that the child bonus is only paid once to all parents and foster parents.

Families with low incomes receive the immediate child supplement monthly.

In addition, the amount of the payment differs, with the immediate child supplement, 20 euros are transferred monthly.

also read

Pension tax drops drastically: A vintage benefits the most

Big Tax Refund: How Much Money Will Workers Get Back in July? 

How will the child bonus be paid out in 2022?

The child bonus will be transferred in July 2022, a few days after the regular child benefit, to the account indicated at the family benefits office.

For children born after July, the child bonus can be transferred together with the child benefit.

This means that the one-off payments are a little higher.

Source: merkur

All life articles on 2022-07-21

You may like

News/Politics 2024-04-01T03:37:13.006Z

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.