The parents of Around 800,000 boys and girls will stop collecting child benefits. It’s because, as reported Clarionthe national government reduced the income limits due to workers formalities to collect these family allowances, such as the family salary per child, prenatal and annual school help, among others, according to the decree of necessity and urgency 194/2024.
This year, parents of 4,782,604 boys and girls were expected to receive the family stipend per child. Now it is estimated that the parents of almost 4 million would collect it.
At the same time, the values of those who continue to collect These family allowances will have a strong reduction in relation to inflation because will increase between March and May by 27.18% (equal to pension mobility) when inflation could be around 50% in the first quarter.
Until now, for example, the family wage per child was $20,661, $13,934, $8,426 and $4,345, according to Total Family Income. up to the limit of $3,960,000, with different values for some provinces and localities.
From now on the aid will be as follows:
- If the family income does not exceed $406,909will be charged per child $26,277, 27.18% higher than the current $319,947 and $20,661, respectively.
- If the family income exceeds $406,909 and up to $596,776, will be charged per child $17,72227.18% above the current $319,947 and up to $469,237 and a profit of $13,934.
- If the family income is around between $596,776 and $689,000, will be charged per child $10,717above $469,237 and up to $541,751 and the current profit of $8,426.
- Finally, if your total family income is over $689,000 and up to $2,154,806, you will be charged $5,526 per month per child. So far, it is between $541,751 and up to $3,960,000 and $4,345.
The monthly income limit which was $1,980,000 and has now been changed was established based on the 15 Minimum, Living and Moving Wage (SMVM) to be entitled to income tax or not.
Instead, Now the DNU n. 194/2024 establishes that “the new family income limit which determines the collection of family allowances it was calculated by applying mobility corresponding to the month of December 2023 and that established for the month of March 2024 on the value corresponding to the month of September 2023.”
In September 2023, the earnings cap was $700,875. To this value is added the mobility of December (20.87%) and March (27.18%), which gives 1,077,403 dollars. And for father and mother it amounts to $2,154,806, even if one of them receives the family salary as long as it does not exceed the individual limit.
In March these values increase by 27.18%, but the ANSeS must establish the new family income brackets based on the reduction of the limit.
Family allowances are, among others, for birth, adoption, prenatal, child, child with disability. And it is granted to Workers in Dependency Relationship, to the benefit holders of an Employment Risk Insurance Company (ART) who are not in a relationship of employment, to the Pensioners and Pensioners of the Argentine Integrated Pension System – ANSeS and to the holders of the Honorary Pension of the Atlantic War Veterans of South.
Source: Clarin
