Tax Credit for Illness – Many Do Not Take Advantage of the Opportunity
The tax benefits available for people with severe disabilities can provide significant financial relief in covering everyday expenses. Since various health issues often come with extra costs, taking advantage of these benefits can be crucial for patients. The purpose of the personal allowance is to alleviate the financial burdens of individuals with chronic illnesses or disabilities, thus assisting them in their daily lives.
However, to claim the benefit, it is important for the patient to have a medical diagnosis that confirms the severe disability or chronic illness. The various conditions and diseases are defined by government regulations, and the list is continuously updated to reflect the latest medical knowledge and social needs. The tax benefit not only provides financial assistance but also acknowledges the struggles that come with illness.
Many still do not take advantage of this opportunity, even though the benefit can amount to a significant sum each year. Those who are eligible can receive up to 100,440 HUF in tax allowances annually, which can help cover various medical expenses, medications, diets, and other needs.
Who is considered chronically ill?
The concept of chronic illness is defined by legislation and encompasses a variety of health conditions. Based on medical diagnosis, patients may live with different severe disabilities that can qualify them for the tax benefit. The aforementioned diseases include diabetes, lactose intolerance, Crohn’s disease, cancer, and many other conditions.
Included among the diseases are malabsorption disorders, various autoimmune diseases such as Addison’s disease, as well as heart diseases like myocarditis and heart failure. Additionally, mental disorders such as schizophrenia and autism are also listed, which may qualify for the benefit.
Many of the listed conditions are chronic, meaning that the patient must manage them long-term, which can impose significant financial burdens on families. The purpose of the benefit is to alleviate these burdens and provide patients with the opportunity to better manage their health conditions.
Diseases qualifying for tax benefits
The various diseases and conditions that qualify for tax benefits cover a wide spectrum. Without claiming to be exhaustive, the following diseases are included in the list: lactose intolerance, gluten sensitivity, Crohn’s disease, endometriosis, as well as cancers such as breast and cervical cancer.
The list also includes heart diseases, respiratory problems, and vision or hearing impairments. Among the diseases qualifying for tax benefits, we can mention paralysis of limbs, muscular dystrophy, and rarer genetic disorders such as Huntington’s disease or myasthenia gravis. The wide spectrum of diseases indicates that the regulatory frameworks aim to support as many affected individuals as possible.
It is essential for a specialist to determine the diagnosis of the disease, as the necessary medical documentation is required to claim the benefits. The benefit not only reduces costs related to the treatment of diseases but also contributes to improving the quality of life for patients.
The necessity of certification
To claim the personal allowance, a proper medical certificate is essential, which substantiates the severity and permanence of the illness. The certificate is issued by a specialist or the general practitioner and must include the patient’s identification details, residence, and tax identification number.
The form of the certificate may vary depending on whether the illness is permanent or temporary. In the case of a temporary certificate, it is necessary to renew the document annually, while for a permanent condition, the certificate remains valid. When issuing the medical certificate, the date of the diagnosis and the extent of the condition must be taken into account.
The forms required for claiming the benefit can generally be found on the tax authority’s website, where detailed guidance is also provided for the application process. Having the certificate and completing the appropriate forms is crucial for the smooth claiming of the benefit.
Thus, applying for the personal allowance is an important step for individuals with severe disabilities, as it provides financial support for daily life and offers the opportunity to live with their illness.
