In Hugary, the government has introduced various tax benefits over the years to support young people and families. One of the most significant benefits for young workers in 2024 is the tax discount for those under 25 (25 év alattiak adókedvezménye). This incentive provides valuable financial relief, allowing young professionals to keep more of their income. Let’s dive into the key details you need to know about this tax advantage, as well as other related benefits like the tax exemption for parents with three children (3 gyerek szja mentesség 2024) and the tax benefits for mothers under 30 (30 év alatti anyák kedvezménye 2024).
Mi az a 25 év alattiaknak járó adókedvezmény?
The tax discount for under-25s in 2024 (25 év alatti adókedvezmény 2024) is a tax exemption introduced to help young people with their tax burdens. Under this program, individuals under the age of 25 are exempt from paying personal income tax (személyi jövedelemadó, SZJA). The goal is to support youth employment and ease the financial challenges young professionals face as they begin their careers.
This exemption applies to a wide range of employees, including those working in various industries, provided they meet the basic eligibility criteria.
Ki jogosult a 25 év alattiak adókedvezményére?
To qualify for this tax discount for under 25s (25 év alatti adókedvezmény), the following conditions must be met:
- Életkor: You must be under 25 years of age on January 1st of the given year. The benefit is available to anyone who meets this age requirement.
- Foglalkoztatási Státusz: The exemption applies to salaried employees, meaning you must be working under a formal employment contract, either full-time or part-time.
- Adóügyi illetőség: You must be a Hungarian tax resident, meaning you primarily live and work in Hungary.
This benefit is also available to young people who qualify for other tax incentives, such as the tax benefits for mothers under 30 (30 év alatti anyák kedvezménye 2024), which offer additional financial relief for mothers under 30.
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