Australia $750 Economic Support Payment
$550 Coronavirus Supplement
This payment is not taxable
This temporary payment is taxable
This means you don’t include it:
This means you:
•
when you report your fortnightly income to receive your Centrelink payment
•
•
in your family income estimate for FTB/ CCS
don’t need to report it as your fortnightly income as it’s part of your Centrelink payment
•
as income in your tax return for 2019-20 financial year
need to include it in your family income estimate for FTB/CCS
•
need to declare it as income in your tax
•
JobSeeker Payment
$1,500 JobKeeper Payment
This payment is taxable
This payment is taxable
This means you:
This means you need to include it:
•
•
when you report your fortnightly income to receive your Centrelink payment
•
in your family income estimate for FTB/ CCS
•
as income in your tax return for 2019-20 financial year
• •
don’t need to report it as your fortnightly income as it’s part of your Centrelink payment need to include it in your family income estimate for FTB/CCS as income in your tax return for 2019-20
Services Australia (formally the Department of Human Services) includes Centrelink, Medicare and Child Support. There are lots of people asking if certain payments are taxable and what is required for tax purposes or income estimates. Hopefully these information blocks to help you understand some of the available payments. There is a temporarily increase the JobSeeker Payment partner income test. From 27th April
your partner can earn up to $3,068 per fortnight before their income stops your payment. Financial Help We may be able to help you financially even if you don’t already get a payment from us. If you already get a payment from us, there’s financial help for people affected by coronavirus. This includes the Coronavirus Supplement and the Economic Support Payment. 5
