Parliament boosts child benefit payments
Berlin — The German parliament has ushered in an enhancement of child benefits, officially passing the Second Family Assistance Act in the afternoon of yesterday. This move saw votes from the Union, SPD, and AfD, with the FDP, Left, and Greens choosing to abstain.
Starting January 1, 2021, each child will receive an additional 15 euros per month in child benefits. Here's a breakdown of the new rates:
- The child benefit for the first and second child will be 219 euros each.
- For the third child, it's 225 euros.
- While the fourth child and subsequent children will enjoy 250 euros each.
It's also worth mentioning that tax-free child allowances will also witness an increase. In a separate move, a bill aimed at enhancing disability tax deductions was passed unanimously. The new law, which doubles disability tax deductions and updates the system, will considerably boost disability and care tax deductions.
However, noted research suggests that child benefit is a non-income related benefit applicable to all children up to a certain age. Moreover, parents can receive parental allowance, with amounts ranging from 300 to 1,800 euros per month for up to 14 months, and there are rules in place that allow parents more flexibility in returning to work and balancing work with family life, offering up to 24 months of unclaimed parental leave between their child's third and eighth birthday.
While the specifics of the Second Family Assistance Act and the changes to disability tax deductions aren't extensively detailed in available sources, it's clear that the German government is committed to supporting families and individuals with disabilities. If you're seeking further, specialized information on these matters, it may be advisable to consult more recent or specialized resources.
The enhances in child benefits and disability tax deductions under the Second Family Assistance Act and the recent law, respectively, are not limited to a specific sector but extend to general-news, politics, and the business world. These financial adjustments, also impacting the other aspect of finance, taxation, might attract wider discussions and analyses within the finance and economics segment of general-news and business media.
