The increase in the Family Bonus Plus as part of the eco-social tax reform strengthens families with children. You can calculate your personal savings with the auxiliary calculator of the Federal Ministry of Finance.
Record inflation and soaring energy costs are a major burden, especially for families with children. It is becoming increasingly difficult to cope with everyday life and to enable the children to achieve their usual standard of living. To counter this directly, the federal government put together one of the largest aid packages of the second republic with the eco-social tax reform. An important part of this is the increase in the Family Bonus Plus from a maximum of €1,500 to a maximum of €2,000 per child per year.
Families can count on this relief
The Federal Treasury Tax Reduction Calculator allows you to quickly and easily calculate how much the Family Bonus Plus or the Eco-Social Tax Reform directly supports families and how much your tax savings are. You will receive an overview of your total annual deduction by stating your annual or monthly income, the contribution group, the federal state and information such as receipt of the travel allowance, the number and age group of children.
This is how your individual savings are built up
The calculation also includes the anti-inflation premium, the regional climate bonus, the savings from the reduction of tax rates and the increase in tax credits as a result of the eco-social tax reform. For example, the calculator maps out important tax measures and provides you with specific information about the amount of your annual tax savings. Here is the relief calculator: https://www.bmf.gv.at/entlastungsrechner.
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.
