The federal government has taken numerous measures to ease domestic budgets. The “crown” gives a small overview of how the money actually ends up in your wallet.
The eco-social tax reform is expected to bring in some €18 billion in relief, and another €4 billion from the two energy packages. “Life must remain affordable,” emphasizes Finance Minister Magnus Brunner (ÖVP). However, with so many measures, it’s easy to lose track of which should be requested and which will “come” automatically. So here’s a brief overview:
Income tax: As of January 2022, the second bracket has been reduced from 35% to 32.5% (2023: 30%). The employer must already take this into account in the salary or “roll up” afterwards with one of the following benefits, namely repayment. If this does not happen, you can also get the savings back through the tax equalization.
Flat rate commuter: 400 million euros will go to a home-work allowance that will be increased by 50% by mid-2023 and the home-work euro will quadruple. The amount of the personal allowance varies. As with the collective labor agreement reform, the tax benefit comes with the wage/salary or afterwards via the tax equalization.
Energy costs voucher: Every household will receive a voucher worth 150 euros in April. This can be redeemed online or by post by anyone with a gross household income of less than 11,340 euros per month. The amount will then be deducted from the energy supplier’s next annual invoice.
Inflation adjustment: In March, approximately 345,000 people entitled to unemployment benefits or social assistance received an automatic inflation correction of 150 euros with their unemployment benefits (300 euros per social assistance or minimum-income household).
Climate bonus: To compensate for the CO2 pricing that will come into effect on July 1, every resident of Austria will automatically receive 100 to 200 euros (depending on the region) without application.
Family Bonus Plus: This year, up to 1750 euros is tax deductible. This can be declared to the employer or via the assessment (mandatory, even if the employer takes this into account).
Electricity tax, green energy contribution: Are automatically reduced or not charged by the energy supplier.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
