From March, the income ceiling for child benefit will increase: who will start to receive the benefit

The government today announced an extension of child benefit coverage for registered workers. From March, the income limit to receive the benefit will be the same as the income tax floor. In this way, the new income limit for collecting transfers will increase from $158,000 to $404,000.

The measure is permanent, according to official sources. This means that each time the floor from which income tax begins to be paid is updated, the ceiling up to which family allowances are received will also be updated.

“We have extended Family Allowance coverage to more than 4.4 million children and adolescents and 2.9 million registered workers”

During the announcement, fernanda ravertathe head of ANSES stressed that “with this measure, from March 900 thousand girls and boys will have their Family Allowance, like the daughters and sons of the rest of the workers in Argentina”.

“This announcement is very important because it recognizes the efforts of 600,000 workers. This measure will remain permanent since, from now on, each time the income tax floor increases, the ceiling up to which family allowances will be received will also be assimilated.

As, Sergio Massa, Minister of Economy, maintained that “it is very important that we have strength in the social security system”. In this context, he added: “Argentina faces a huge challenge. On the one hand, to recover income and, on the other hand, to guarantee macroeconomic stability. Both are important to guarantee a challenge that we have as a government, which is the recovery of income in Argentina and the improvement of its distribution”.

“There is an individual income ceiling for the receipt of family allowances. Beyond this limit, coverage is by deduction of income tax. As of February 2023, the individual income limit for receiving benefits is $158,366 and the value of wages that start paying income tax is $404,062. .

“With this measure, we are extending the coverage of family allowances to more than 4.4 million children and adolescents and to 2.9 million registered workers”, they detailed in a joint press release from the Economy and from ANSES.

The new income limit for collecting assignments will increase from $158,000 to $404,000

Family allowances correspond to dependent workers. But they also include people who collect through an occupational risk insurer; monotributists; seasonal workers; rural workers people who receive unemployment benefits; Veterans; and retirees and pensioners.

“There is a range of girls and boys who don’t get the allowance because the family income is above the ceiling, but also these workers are below the income floor. These guys left in the middle need to be understood. When a worker pays earnings, he can deduct the charge,” Raverta explained in early February, when analyzing the measure.

“The proposal is to equate the ceiling of family allowances with the floor of income tax so that all children in Argentina, those who have a father who works and do not pay income tax, can collect their allowance and those who pay income taxes can deduct their family responsibilities,” the official said at the time.

Family allowances for each child range from $2,059 to $9,795 per month, depending on income levels. However, the amounts can reach $31,900 in the case of disabled children or $21,124 depending on the region of the country where the family receiving the benefit lives.

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