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Hungary PM announces lifetime income tax exemption for mothers
short by Disha Jana / on Monday, 24 February, 2025
Hungarian PM Viktor Orban has announced a lifetime income tax exemption for mothers of two or more children. Parents will be able to deduct 20,000 forints for one child, 80,000 forints for two children, and 2,00,000 forints for three or more from their taxes and contributions. Billionaire Elon Musk also reacted to the initiative, calling it a "great incentive programme".
read more at Reuters