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What are the key tax benefits and support mechanisms available to employed parents in the Netherlands, and how do they contribute to the overall financial well-being of families over an extended period?
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Answer ( 1 )
Under the current tax system, parents with jobs are eligible for an IACK tax benefit, which discounts income tax. The benefit was designed to encourage parents to continue to work even after the birth of their child and over a period of 12 years allowing the couple to save around 30.000 euros.