Published: March 24 2023
Summary:
Saving money in a health savings account (HSA), also known as Egészségpénztár, could be used to repay a housing loan in Hungary. A person who uses their HSA to pay for their mortgages could avail of tax refunds on 20% of the amount they deposit. However, the amount a person puts in, particularly to meet housing needs, is limited to the minimum wage for that year or the amount the person has to pay towards the loan. To qualify, a deposit of up to HUF150,000 per annum in HUF-based accounts can be claimed for tax refunds. Couples can qualify for up to HUF300,000 tax refund, however, they will have to do it separately.
Key Points:
- Depositing money in Egészségpénztár, the HSA account in Hungary, could be an option in repaying a housing loan
- Deposited money comes with tax refunds of up to 20%
- Monthly deposits a person can make for the purpose of a housing loan is limited
- A deposit of up to HUF150,000 per annum in HUF-based accounts can be claimed for tax refunds
- Couples can qualify for up to HUF300,000 tax refund but they will have to do it separately.
Source article:
https://www.napi.hu/magyar-gazdasag/lakashitel-torlesztes-egeszsegpenztar-befizetes-szja.769106.html
This summary was created using AI, so there may be some inaccuracies. Always check the original linked article to be sure.
