The entire relief package consists of many individual points. In total, almost 35.2 billion euros are being invested to counteract the consequences of inflation. The first two relief packages were decided at the beginning of the year, the third in June. Now the electricity price brake is coming, relief for other heating energy sources is to follow.
– were in August 180 euros for each child paid in addition to family allowance.
– Flow in September 300 euros for low-income people such as welfare recipients, the unemployed and minimum pensioners.
– As compensation for the CO2 price, everyone gets in September 250 euros climate bonus plus another 250 euros inflation bonus. This means that all adults living in Austria receive 500 euros. There is an additional 250 euros for each child. People in the highest tax bracket (50 percent) have to pay taxes on the inflation bonus, so they only get half.
– Of the The family bonus will be increased to EUR 2,000 per child or EUR 650 for children over the age of 18 in 2022. If the family bonus is not taken into account by the employer’s payroll accounting, it must be applied for via the employee tax assessment at the beginning of 2023.
– In parallel, the so-called child allowance, i.e. the tax deduction for parents with low incomes, increased from 450 to 550 euros. It can be applied for via the employee tax assessment at the beginning of 2023.
– pensioners received from your pension insurance provider in September 2022 a tax-free and SV-free one-off payment of up to 500 euros. At the same time, the existing tax credits for employees and pensioners will be increased once for 2022 by up to EUR 500 (cost-of-living tax credit). The cost-of-living tax credit must be actively applied for in the employee tax assessment at the beginning of 2023. Pensioners who are entitled to the one-off payment are not entitled to the cost-of-living tax credit.
– The regulation adopted in the Corona crisis 2020/21 that additional allowances and bonus payments made by up to 3,000 euros per employee: can be paid out tax-free per yearwill be extended to 2022/23.
– From 2023, cold progression will be abolished. This means the increase in the tax burden due to the annual adjustment for inflation in wages and pensions. So far, the tax burden has been offset by regular tax reforms. In the future, the tax rate is to be adjusted annually. For this purpose, tax levels and deductions are adjusted with 2/3 of the previous year’s inflation. Politicians decide how the remaining third is distributed.
– social benefits such as family allowance, child tax credit, childcare allowance, study allowance and rehabilitation, sickness and retraining allowance should be reduced Continuously adjusted to the consumer price index (CPI) at the beginning of 2023.
– The living screen is extended. This provides for support from the federal government to secure housing in the event of rising rent and energy costs and to prevent evictions.
– The non-wage costs will be permanent from 2023 0.3 percentage points lower.
– companywhose energy procurement costs amounted to at least three percent of the production value in 2021 and whose national energy tax amounted to 0.5 percent of the added value in 2021, should be able to apply for a grant in 2022.
– With the beginning of the Green electricity subsidy amount and the green electricity subsidy flat rate set to zero. This saves every household an average of 90 to 100 euros.
– All households have one energy cost compensation in the form of a voucher in the amount of 150 euros to get.
– The commuter allowance was quadrupled by 50 percent and the commuter euro by June 30, 2023. For negative tax recipients there is a one-time negative taxable amount of 100 euros.
– With the Electricity price brake all households up to the mark of around 2,900 kWh electricity consumption will only be charged ten cents per kWh, only for the excess consumption the usual market price should be paid. This brings savings of 400 to 800 euros.
Source: Nachrichten
