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Services Australia offer advice on payments

Services Australia have seen a few people asking if certain payments are taxable and what is required for tax purposes or income estimates. They have put together the following list to help you understand just a few payments. JobSeeker Payment This payment is taxable. This means you: • 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 financial year.

$750 Economic Support Payment This payment is not taxable. This means you don’t 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.

$550 Coronavirus Supplement This temporary payment is taxable. This means you: • 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 • need to declare it as income in your tax return for 2019-20 financial year.

$1,500 JobKeeper Payment This payment is taxable. 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.


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