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Children without work at home: up to what age they can be considered fiscally dependent

Up to what age can unemployed children be dependent on the crown? As Ligabue sings with the song Forever: “My mother who prepares dinner while singing Sanremo, takes care of my father’s head, saying to him: “You see, we will do it”. Forever, just forever. What will it be like to carry yourself indoors all the time? Forever, just forever”. The love that unites parents and children is eternal and irreplaceable. Parents will never stop loving and above all caring for their children’s well-being.

For this reason it is more normal for parents to decide take responsibilitywhere necessary, too of the child financially. This happens not only when the child is still a child, but also when he becomes an adult. A situation that involves many families, who find themselves supporting young people struggling to find work. While it is true that there are no limits to the love and help of parents, unfortunately this does not apply from a fiscal perspective. Furthermore, the resources available to the State are not unlimited. It follows that the various measures implemented by the government almost always have specific limitations and are aimed at specific categories of people.

Children without work at home: up to what age they can be considered fiscally dependent

Families with dependent children and with financial difficulties, they can access several bonuses and reductions, such as those for any medical treatments or university fees. Going into detail, it is possible to benefit from reductions for dependent children only for children over 21 years of age. Up to this age, of course, the allowances are included in the same general allowance for dependent children. Well, according to the current legislation, as recalled by the Finance Agency through the account circular number 23 /E dated 1 August 2023considered:

“Financially dependent children whose income is not higher bought for 2.840,51 (to calculate this limit, income is considered before deductible expenses). For her children under the age of twenty-fourthis income limit has been increased to to buy for 4.000 Euro“. It is also emphasized that that is based on the “The principle of the unity of the tax period, the status of a dependent child for tax purposes must be determined with reference to December 31 each year. Therefore, in this case, as it is a benefit to be paid ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​front-end, in the future, the income limit has been exceeded on 31 December 2023. “.

According to the current provisions, therefore, nothe maximum age at which a child can be considered financially dependent. However, income that cannot exceed the above thresholds is taken into account, depending on whether the child is older or younger than 24 years of age.

What changes start from 2025

Starting from 2025, however, things could change. In fact, with the next budget law, the government could decide, once they reach the age of 30, children cannot be considered financially dependent on their parents. All regardless of income. Even a child who is unemployed or with an annual income of less than 2,840.51 euros, therefore, when he reaches his thirtieth birthday, cannot be considered financially dependent on his parents . Children with disabilities are an exception who will still be considered liable for taxes even if they are over 30 years old. This is as long as your income is less than 2,840.51 euros per year. However, we are waiting for the final approval of the budget law which, due to the various changes, may still be subject to various changes.

2024-11-19 00:17:00
#Children #work #home #age #considered #fiscally #dependent

1. Can you share your thoughts on the significance of the lyrics ⁤from the Ligabue song “Forever” in relation to ⁤the topic of ⁤financial dependence ⁢of children on​ their parents?

2. What are some challenges that families face when considering financial support⁣ for adult children who are struggling ‍to find work?

3. How does financial⁤ dependency vary between children⁢ with and without disabilities, and ‌what are the current‍ laws regarding this distinction?

4. What ⁢impact do ‍you think removing financial dependency for children⁣ over ​the age of 30,​ as‍ proposed‍ in the next budget law, will have on​ families and society as a whole?

5. Do you ​believe that the ⁤age limit​ for financial dependency should be changed or kept the same? If changed,​ what age limit would you recommend and why?

6. How does the current Italian ‌tax system support dependent children, and could⁣ it be improved⁤ upon? Are there any potential changes on the horizon?

7. As a professional in the field, what advice would ‍you give to parents who are struggling‍ to balance supporting‌ their children financially while also ⁤managing their own expenses?

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