Family relief is one of the most commonly used tax deductions. It is due regardless of the number of children you have. In order to receive it, of course, certain statutory requirements must be met. The amount you can pay depends on the number of children. It should be noted here that when raising one child, there is also an income limit.
Who is entitled to pro-family relief?
All parents, foster parents and legal guardians with a dependent child under the age of 25 and continuing education can take advantage of the pro-family relief. The child’s income in a tax year may not exceed USD 3089 so that parents can take advantage of the discount. The upper age limit does not apply to parents who raise a child receiving a care allowance or a social pension. In the event of the expiry of this benefit, the pro-family relief shall cease to apply.
Family relief is available for marriages , as well as for single parents: widowers, divorces and persons married to a person who does not have parental rights. The situation is slightly different for parents who are divorced or separated. Tax settlement depends on the agreement between the parties. In the absence of such an agreement, the parent deducts the relief based on the number of days he actually provided childcare.
The amount of relief depends on the number of children
The exact amount of the family relief depends on the number of children being raised. It should also be remembered that people bringing up one child cannot exceed the joint income of USD 112,000. For single parents, the threshold is USD 56,000. The income limit does not apply to more children. This is the family-friendly tax relief that can be used in 2019:
- One child – 92.67 USD per month.
- Two children – USD 92.67 per month for each child separately.
- Three children – 92.67 USD monthly for 1 and 2 children and 166.67 USD for the third.
- Four and more children – 92.67 USD per month for 1 and 2 children, 166.67 USD for the third and 225 USD for the fourth and each subsequent child.