Japan is giving out tax credits and benefit payments in 2024 to most of population

The 2024 tax credits and benefit payments are starting to be paid out. But how much are they and who is eligible to receive them?
___________________________________________________

Gear:

#Japan #investing #personalfinance #retirement #lifeinjapan #investinginJapan #NISA #financialgoals #financialindependence #exchangerate #jpyusd #tax

[GTV-Japan]

3:08 thank you! The answer nobody else would give and I couldn’t find!

[rs]

Thank you for the update, when is the PDF book on Nisa will be finished. Been waiting for a while now.

[ChristopherCricketWallace]

18 million yen is HIGH. I read on some Japanese govt site that average Japanese salary in 2024 is around 4 Million

[ellebrook]

As someone on an unimpressive salary who therefore pays pretty low income tax anyway, I'd have much preferred the full 40000 off my 住民税 as that is one of the 3 salary drains for me (along with health/pension) . As you said it's a pretty wide range from from crap pay →18 million, so as ever, the wealthy will get something else they don't need and for those of us feeling the cost of living pinch, it's a mere drop in the ocean.

[shibafujiwatches]

It would have been much better to give a lot more over a year to people who really need it - single mothers who can’t afford to take care of their kids properly.

I don’t know what they were thinking by giving to people who are even just getting by.

Give it to those who are really hurting.

[karlint]

I suppose people who have recently become unemployed still have to pay residence tax (so they're not eligible for the 100, 000 yen payment you mentioned at the beginning) but if they are not getting a pay check, or if their new pay check is very low, there's not anything to deduct the payment from. Perhaps it is a very rare case, but depending on the actual implementation, it seems like there may be some people who fall through the cracks and can't get the benefit. In any case, I really enjoy your videos!

[ShikokuFoodForest]

Do you know if I may qualify for the benefit payment considering my income for 2023 was ¥0?

[russellschaeffler]

I was wondering why the first month of tax was lower than the next two.

[internalizequotes]

Isn’t it called residence tax? Maybe inhabitants tax is a UK term?

[bailey]

Looking at my June paycheck I did get the 30, 000. Is it only a one-off? Or is this every month from now on?

[bailey]

Ok you said later in the video it’s a one-off sad😢

[nanayanet]

I'd be impressed if it's permanent and not just one off thing...

[lieutenantpepper]

You need to be broke to be able to get it?