Australia Family Tax Benefit 2024: Part A, B, Payout Amount, Eligibility, Dates

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The Australia Family Tax Benefit 2024 provides the amount to the citizens with the aim to help them with the cost of raising their children. To alleviate the financial burden of the citizens, the Australia FTB has been started and it has 2 different supplements naming Part A and B. The FTB Supplement A is given to the individuals based on their family circumstances and the Part B Supplement works as the extra income support to the single parents. You are advised to check the Australia FTB A, B Eligibility 2024 to know who can qualify for this benefit. Now the payout dates and the amount you can get has been provided in the post mentioned below.

Australia Family Tax Benefit 2024

The Services Australia is continuously giving financial help to the natives of the Nation to make simpler living and let them cover the cost of their children. Due to inflation, people have been facing trouble due to lack of finances and are unable to meet the expenses of their children. Seeing this issue of the natives, the Australian Government has been providing the Family Tax Benefit to the citizens. This is a 2 payment program which aims to reduce the financial burden of the citizens by providing them with the cost to easily raise their children. The parents will be able to get the benefit on the behalf of their children and the child has to be a dependent aged 16 to 19 years with a provision of not getting the Youth Allowance or other pensions. You will get this payment only if you are looking after the child and that has to be at least 35% of the time and the single parent will be given the special benefit.

Australia FTB A, B Eligibility 2024 will let you know what amount you will get and under which benefit you will fall. The 2 part payment has Part A and Part B supplement and the Part A is given in order to raise their children and the Part B is given to the single parent or the couples who rely on just 1 income who face many issues. The benefits under both the supplements are different and you are advised to read the complete post to have the updates on the payment date and the amount you will be given under each of the supplements. 

Australia Family Tax Benefit 2024

Services Australia FTB 2024

  • Since the citizens are facing trouble due to lack of income, the Australia Family Tax Benefit 2024 is the best support to them.
  • The individuals who are having children aged less than 19 years will be given the benefit under both Part A and B.
  • The rates you could get is based on the family circumstances and it is different for both Part A and B.
  • To have a look at the Part A and Part B Supplements, you shall read the given headings below.

servicesaustralia.gov.au Family Tax Benefit 2024

Post Title Australia Family Tax Benefit 2024
Organization Name Services Australia 
Benefit Name Family Tax Benefit 
Country Giving Benefits Australia 
Supplements In FTBPart A and Part B
Eligibility Whose income is less than the given limits
Payment frequency Fortnight basis 
Benefit amount Check from table below 
Benefit release mode Online 
Post typeFinance 
Website servicesaustralia.gov.au

What Is Australia FTB A, B Eligibility 2024?

  • To be eligible towards getting the FTB, you shall be a Native of Australia.
  • The child shall be aged under 19 years. 
  • The child has to be staying with parent only and shall be a Secondary School Student.
  • The child shall not be getting any of the Youth Allowance or other benefits.
  • The income test limits are to be met.

Australia FTB Part A and B

Supplement ASupplement B
The benefit is given to the children as per the family situationThe benefit is provided to a single parent in order to raise child
The income of the family shall be $80000 or less There is no income limits under this supplement 
The child has to be aged 0 to 15 years Those aged 16 years or more shall be a Secondary StudentYou are a member of couple having 1 main income for the child under 13 years
The child has to be under 35% care of the parent The parent shall be looking after the child for 35% of the time. 
The child shall be under Full Time Secondary Education but having a minimal work load.The child shall be aged 16 to 18 years and shall be under the Full Time Secondary Education with a very less work load.

Australia FTB Payout Amount 2024

Supplement ASupplement B
Child who are age 0 to 12 years – $222.04Youngest Child who are of age 0 to 4 years – $188.86
Child aged 13 to 15 years – $288.82Youngest child aged 5 to 18 years – $131.74
Child ages 16 to 19 years – $288.82
Child under care organization – $71.26

How To Claim Australia FTB 2024?

  • You need to create an online account named MyAccount and it has to be linked to Centrelink.
  • If you are unable to login, take help from the Family Line.
  • Provide all the necessary documents
  • Then prove the child’s birth or adoption with relevant documents.
  • Prove your identity and then get a claim.

FAQs On Australia Family Tax Benefit 2024

What is the Australia FTB 2024?

It is the amount to be paid to the citizens with children in order to raise them.

What are the supplements under the Australia FTB 2024?

The Supplement and Supplement B are the part of the Australia FTB.

How much can you get under the Australia FTB?

The amount you can get is different for the FTB A and FTB B which is mentioned in the table above. 

Kiran Iyer

Kiran Is a full time content creator on simhachalamdevasthanam.net, She has experience of 7.5 Years in this field. She has been writing and editing content ever since. She has expertise in Finance and News articles as she has done her graduation mass media and communications.

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