Question 1

What is the Family Tax Benefit?

Accepted Answer

The Family Tax Benefit is a payment from the Australian Government to help with the cost of raising children. Part A is paid per child based on family income ($6,574/year per child under 13). Part B provides extra help for single-parent families or families with one main income.

Question 2

What is the income limit for Family Tax Benefit?

Accepted Answer

FTB Part A reduces by 20 cents for every dollar of family income over $61,865. FTB Part B has a primary earner income limit of $106,305. The exact cutoff depends on the number and ages of your children.

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