The Family Tax Benefit (FTB) of Australia is designed to provide financial support to families with dependent children, making it easier to raise them without financial stress. The FTB consists of two parts: Part A, which provides survival benefits based on family requirements, and Part B, which offers additional support to single parents or families with only one income source. Payments can be received either fortnightly or as a lump sum at the end of the financial year. Understanding the Australia FTB Eligibility & Amount 2024 will help you determine who can receive these benefits and the payment amounts involved.
Services Australia offers financial support to eligible families with dependent children, helping ease the financial burden of raising children. The Family Tax Benefit program aims to assist parents who are struggling due to increased living costs. This benefit is available to families with children aged 16 to 19 years who are dependent and not receiving Youth Allowance or other pensions. To qualify, parents must care for their child at least 35% of the time and meet income test criteria.
Australia FTB Eligibility & Amount 2024
The Family Tax Benefit (FTB) is split into two parts, each with different eligibility criteria and payment amounts. FTB Part A is provided to each child if their family meets specific requirements, while FTB Part B offers extra support to single parents or couples with a single income. For FTB Part A, children aged 16 to 19 years can receive $277.48 per fortnight. FTB Part B provides $126.56 per fortnight for the youngest child aged 5 to 18 years.
To claim the Australia Family Tax Benefit 2024, you need to create a myGov account and link it to Centrelink. If you do not have a myGov account, you can create one and then link the necessary services. If you encounter difficulties during the online claim process, you can contact the Families Line on the Services Australia website for assistance.
Overview of Australia FTB Eligibility & Amount 2024
| Title | Australia FTB Eligibility & Amount 2024 |
|---|---|
| Agency | Services Australia |
| Country | Australia |
| Benefit Known As | Family Tax Benefit |
| Eligibility | Child aged 16 to 19 years, under 35% care of parent |
| Supplements | Part A and Part B |
| Payment Amount | As per the Supplement |
| Payment Date | 30 June 2024 |
| Category | Finance |
| Website | www.servicesaustralia.gov.au |
Eligibility Criteria for Australia FTB Eligibility & Amount 2024
Who Will Get Australia FTB Payment 2024?
To be eligible for the Family Tax Benefit (FTB) payment, you must meet the following conditions:
- You are permanently residing in Australia and taking care of the child.
- The child is dependent on you and studying in secondary education.
- The child is under 19 years of age and not receiving Youth Allowance.
- You care for the child at least 35% of the time.
Eligibility for FTB Part A and Part B:
| Particulars | FTB Part A | FTB Part B |
|---|---|---|
| Given To | Each child based on family requirements | Extra help for single parents or couples with one income |
| Income Limits | $80,000 or less | No income limit |
| Age of Child | 0 to 15 years, 16 to 19 if in secondary education | Under 13 for couples with one income, under 18 for single parents |
| Child’s Care | 35% of the time | 35% of the time |
| Study Requirements | Full-time secondary education | Full-time secondary education |
Australia Family Tax Benefit Payment Amount 2024:
FTB Part A:
- Child aged 0 to 12 years: $213.36 per fortnight
- Child aged 13 to 15 years: $277.48 per fortnight
- Child aged 16 to 19 years (if meeting educational requirements): $277.48 per fortnight
- Children aged 0 to 19 years (under approved care organization): $68.46 per fortnight
FTB Part B:
- Youngest child aged 0 to 4 years: $181.44 per fortnight
- Youngest child aged 5 to 18 years: $126.56 per fortnight
How To Claim Australia Family Tax Benefit 2024?
- Open a myGov account and link it to Centrelink.
- If you do not have an account, create one and then link the services.
- If you encounter issues while claiming online, contact the Families Line on the Services Australia website.
- Follow the steps correctly to ensure your benefits claim is processed.
Summary
The Australia Family Tax Benefit (FTB) 2024 aims to provide financial support to families with dependent children, easing the burden of raising them. The benefit is divided into two parts: Part A and Part B. Part A offers survival benefits based on family requirements, whereas Part B provides additional assistance to single parents or families with a single income source. Payments can be made fortnightly or as a lump sum at the end of the financial year.
Eligibility criteria include having a dependent child aged under 19 who is not receiving Youth Allowance, and parents must care for the child at least 35% of the time. Part A benefits depend on the family’s income not exceeding $80,000, while Part B is for single parents or couples with one main income, catering to younger children or those in full-time secondary education. Claims must be lodged by June 30, 2024, and the payment is expected on the same date.
FAQs on Australia FTB Eligibility & Amount 2024
1. What is the Australia Family Tax Benefit (FTB) 2024?
The FTB 2024 is a financial assistance program for families with dependent children to help ease the costs of raising them, divided into Part A and Part B.
2. Who is eligible for FTB Part A?
Part A is available for each child based on family requirements, with the family’s income not exceeding $80,000. The child must be under 19 and in secondary education.
3. Who qualifies for FTB Part B?
Part B is for single parents or couples with one main income, catering to children under 13 or dependent children up to 18 if a single parent.
4. What is the payment amount for FTB Part A?
> Children aged 0 to 12 years receive $213.36 per fortnight.
> Children aged 13 to 19 years receive $277.48 per fortnight, provided they meet educational requirements.
> Children under care organizations receive $68.46 per fortnight.
5. How much is the payment for FTB Part B?
Children aged 0 to 4 years receive $181.44 per fortnight.
The youngest child aged 5 to 18 years receives $126.56 per fortnight.
6. When is the FTB payment date for 2024?
The payment date is June 30, 2024, provided the claim is lodged by this date.
7. What are the basic eligibility criteria for the FTB?
Eligibility includes having a dependent child under 19, meeting income requirements, and the parent caring for the child at least 35% of the time.
8. Can both parents claim the Family Tax Benefits?
No, typically one parent who meets the eligibility criteria claims the benefit.
9. How do I claim the Australia Family Tax Benefit 2024?
You can claim through your myGov account linked to Centrelink. If you don’t have an account, create one and link the services.
10. What if I face trouble claiming the benefits online?
You can contact the Families Line on the Services Australia page for assistance.
11. What is the main objective of FTB Part A?
Part A provides income to families based on their circumstances to help raise dependent children.
12. Are there any special conditions for FTB Part B?
Yes, Part B is specifically for single parents or couples with a single income, focusing on younger children or those in full-time secondary education.
13. What happens if I miss the claim deadline?
If you miss the deadline, you can contact Services Australia at 136150 to discuss your situation and find a solution.
14. What should I do if my situation changes after claiming FTB?
You should update your information with Services Australia to ensure your benefit amount is accurate.
15. Where can I find more information about the Family Tax Benefit?
Detailed information can be found on the Services Australia website at servicesaustralia.gov.au.
Disclaimer and Fact Check
This article provides information on the Australia Family Tax Benefit 2024 based on current guidelines. Users should verify the information with official sources such as the Services Australia website. This content is intended for informational purposes only and does not guarantee specific benefits or eligibility criteria.
