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This is how much the child tax allowance will increase in 2024

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This is how much the child tax allowance will increase in 2024

The allowance for care, upbringing or training needs is 2023 2928 Euroalso 1464 Euro for each parent. Both allowances (child allowance and care allowance) are combined when income tax is assessed. So if the parents are married and taxed together, they will receive relief in the amount of in 2023 8952 Euro. If the tax is assessed separately, the allowance for each parent is halved accordingly. According to the current status, the allowance for care, upbringing or training needs will remain unchanged in 2024. In total, a married couple will receive a child tax allowance and a tax allowance for care, upbringing or training needs in 2024 9540 Euro, provided that the increase to 6,612 euros in the child allowance applies as planned. Otherwise it is only 9312 euros.

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