The Australia Family Tax Benefit 2024 is a 2 part payment which is provided to the eligible citizens so that they can easily bear the cost of their children and can easily raise them without any financial burden. As said earlier that Family Tax Benefit has 2 parts which are FTB Part A which is given to each child as per the family circumstances and the FTB Part B which is given as an extra help to the single parents only. The Australia Family Tax Benefit Payment Amount 2024 which the child is eligible to get is either paid every fortnight or in lump sum during the end of every financial year. The Australia Family Tax Benefit Eligibility 2024 conditions of the child along with the parents needs to be met in order to get the benefits and the payment which the child gets is per the FTB Part which they are eligible for which will be provided through direct transfer.
Australia Family Tax Benefits 2024
The Services Australia has been continuously providing financial help to the eligible citizens so as to make their lives easy and help them bear their expenses. It has been seen that the parents are finding it really hard to raise their children due to the increased costs. Now the Government has come up with the program or the benefits named as the Family Tax Benefits. This program aims to provide the financial benefits to the citizens who meet the family requirements or are a single parent so that they can easily bring up their children. The parents will be given the benefits on their child’s behalf and will be provided if you have a child aged 16 to 19 years and the Child is dependent upon you and not getting any Youth Allowance or other pensions. To be eligible to get the tax benefits, you have to take care of your child for not less than 35% of the time and the income test criteria needs to be met.
Since the eligibility has been talked about, it can’t be neglected that FTB has 2 different parts and each of them gives different pay rates and have different Australia Family Tax Benefit Eligibility 2024. The Part A of FTB is given to each child if their family conditions come under the necessary requirements. The Part B of the FTB is given as an additional help to the single parent or the couples who rely on just 1 income. The Australia Family Tax Benefit Payment Amount 2024 which the child could get under Part A is $277.48 per fortnight if they are of age 16 to 19 years. The youngest child of the family of age 5 to 18 years could get the amount of $126.56 per fortnight as the FTB Part B Payment. You are advised to have a look at the complete article to know the insights of the tax benefits which the parents will get for their child who is under the secondary education.
servicesaustralia.gov.au Family Tax Benefits 2024
To lessen the burden of raising the child of the family, the Australian Government has initiated the Australia Family Tax Benefit 2024. The amount which will be provided will vary as per the needs and the age of the child. The income test has to be met in order to get the payment of the Family Tax Benefits.
| Post Title | Australia Family Tax Benefits 2024 |
| Organization Name | Services Australia |
| Benefit Name | Family Tax Benefits |
| Australia Family Tax Benefit Eligibility 2024 | Child of age 16 to 19 years and under 35% care of parent and has met the income requirements |
| Parts of Benefit | FTB Part A and Part B |
| Australia Family Tax Benefit Payment Amount 2024 | Mentioned Below |
| Benefits Mode | Direct Deposit |
| Post Type | Finance |
| Website | servicesaustralia.gov.au |
Who Is Eligible For Family Tax Benefit 2024?
- You will be eligible for the payment of the Family Tax Benefit if you meet the below said requirements.
- The child shall be dependent on the parent and shall be a secondary education student.
- The child shall be of age from 16 to 19 years and shall not be getting any pension or Youth Allowance.
- The parent must be taking care of the child for at least 35% of the time.
- The income requirements have to be met by the family.
- To check the eligibility for Part A and Part B you shall read the table given below.
FTB Part A and Part B
| Particulars | FTB Part A | FTB Part B |
| Given To | Each child on the basis of Family Requirements | Each Child for extra help to single parents |
| Income Limits | $80000 or less | No Income Limit |
| Age Of Child | 0 to 15 Years16 to 19 years if studying in Secondary Education | Member of Couple With 1 Main Income and Child Under 13 yearsSingle parent for child under 18 years and is dependent |
| Child’s care | 35% of times | 35% of times |
| Study Requirements | Full time study of Secondary educationNot having much loadHave an exemption | Child 16 to 18 years is under the full time study of Secondary EducationHave a minimal work load and have exemption |
How Much To Get Under Family Tax Benefit 2024?
To know the Australia Family Tax Benefit Payment Amount 2024 you have to check for Part A and Part B differently.
- For FTB Part A amount per Fortnight.
- The child of age 0 to 12 years will get $213.36
- Each child of age 13 to 15 years will get $277.48
- Each child 16 to 19 years old will get $277.48 provided they meet the educational requirements
- Children aged 0 to 19 years will get $68.46 under the approved care organization.
- For FTB Part B amount per Fortnight.
- Child aged 0 to 4 years will get $181.44
- The youngest child aged 5 to 18 years will get $126.56
How To Claim Australia Family Tax Benefit 2024?
- If you wish to claim the benefits, you need to open the myGov account and make use of the Centrelink.
- In case you are not having an account, you can first create it and then link the services to it.
- If having trouble while online claim for the benefits, contact the Families Line on the Services Australia Page.
- By correctly following the given steps, you can easily claim the benefits.
Links To Check Australia Family Tax Benefits 2024
| Australia Family Tax Benefit 2024 | Family Tax Benefit |
FAQS On Australia Family Tax Benefits 2024
The servicesaustralia.gov.au Family Tax Benefits 20244 is the amount paid to the eligible families to raise the children.
The Australia Family Tax Benefits 2024 will be given to those who meet the income requirements and have been caring for the child for at least 35% of the time.
FTB Part A and FTB Part B are the supplements under the Australia Family Tax Benefits 2024.
The FGTB Part B supplement can be provided only if you are a single parent or a couple who have only a single income source.