If you have children, you can significantly reduce your income tax or even qualify for a tax bonus. Although the consolidation package has reduced or abolished a number of tax deductions, the tax benefit for children has remained unchanged. Self-employed persons and employees, including those working on a temporary employment contract and a temporary employment contract, who meet the conditions set by law can also receive a tax bonus this year. Find out how.
What is a child tax credit?
Tax credits reduce the amount of income tax already calculated. The child tax credit is the only one that can reduce the tax to negative values, which creates an overpayment of tax ( tax bonus ). So if your child tax credit is higher than your income tax, the tax office will pay you the difference.
However, to claim the child tax bonus, you must meet a number of conditions .
Which child can be eligible for a tax credit?
The tax benefit can be applied to each dependent child spam database under the age of 18 living in a household with a personal income tax payer.
own child,
adopted child,
a child in care that replaces parental care,
a child who has attained full legal capacity or the age of majority in foster care,
child of the other spouse,
own grandchild or grandchild of the other spouse, if his parents do not have sufficient income from which they could claim the tax benefit.
The discount amount for 2023 is:
CZK 27,840 per year for the third and each online marketing – comparison of success rates subsequent child.
In 2024, the amount of the tax credit per child remains unchanged. In addition, since 2021, there has been no upper limit for the payment of the tax bonus, which previously amounted to CZK 60,300 and limited the payment of the bonus to the 4th and subsequent children.
TIP: How to maximize your tax bonus?
The law does not specify in which order you must list your children, and therefore how much bonus you will apply to each child. Therefore, the oldest child is not considered the first child .
For example, if you have 3 children and the oldest of them holds a ZTP/P card, list them last and you will receive the highest possible tax bonus. The same applies if, for thailand data example, your older child is studying, while the younger child is not studying and reaches the age of majority during the year – you will only draw a tax bonus for the younger child for part of the year (while for the older child for the whole year), which is why it is worth listing them first.
CZK 15,204 per first child
You can claim the tax bonus for a child for each calendar month in which the child met the conditions for at least part of the month . This means that if the child was born on, for example, October 26, you will claim the tax bonus for 3 months (October-December).
Conditions for obtaining the child tax bonus
If both parents and two (or more) children live in a common household, each parent can claim the benefit for one child, or one parent can claim the bonus for all children.In the case of joint or alternating custody, the parents must agree on which of them will claim the benefit, and it is also possible to agree on drawing it in a proportional amount (each in t