The Australia Family Tax Benefit (FTB) is the latest program started by the Services Australia to provide the finances to the families in order to cover their child’s cost. So, we decided to come up with complete information related to Australia FTB Eligibility & Amount July 2024. There are 2 different parts which together make up the FTB program which has the Supplement Part A which acts as the survival benefits and is given on the basis of the family requirements. The Part B supplement is an extra benefit which can be taken by the parents who are individually taking care of the child. There are 2 ways to get the payment which is on fortnight basis or lump sum. The Australia Family Tax Benefit Eligibility 2024 has to be checked in order to get the benefits. The Australia FTB Supplement Amount 2024 will be as per the supplement you are claiming for. Through this post you will be able to get the complete updates on the FTB in Australia.
Australia FTB Eligibility & Amount July 2024
The Services Australia has aimed to provide the necessary benefits to the citizens who are eligible and they have dependent children and have been facing trouble with raising them. With the financial help to be given to the parents, Australian Services is taking measures so that parents can easily raise their children without any difficulty. Inflation is the major cause which is making it difficult for the parents to bear the education and the nutritional needs of the children as they have lack of resources. We have briefly discussed Australia FTB Eligibility & Amount July 2024 in this post for your reference. The Family Tax Benefit is the new benefit to be provided to the families so that they can easily raise their children and can bear their necessary costs as the inflation is on peak and this is together made up of 2 supplements. The first one is the FTB Part A which is the survivor benefits and is given if you meet the family requirements. The other one is Part B which is given only to single parents and this is supposed to be an additional benefit to them. The benefit will be given only if you are taking care of the child for at least 35% of the time. The benefit supplement will have different eligibility and now the rates of the benefits have been increased after the implementation of the new budget. You can check the new amounts from the post which we have provided below.
Australia Family Tax Benefit 2024
The FTB is the benefit which is given in order to raise the children and is given to the parents. The Program has been started by the Services Australia and the age of the child will vary the amount you are eligible to get.
| Program | Australia Family Tax Benefit 2024 |
| Agency Name | Services Australia |
| Country Giving Benefits | Australia |
| Benefit Known As | Family Tax Benefit |
| Eligibility To Get Benefits | Child who is under 19 years of age and is dependent on the family. |
| Care of child | By parents for more than 35% of the time |
| Australia FTB Supplements | Part A and B |
| Payment Amount | As per the Supplement |
| Payment Date | July 2024 |
| Post Type | Finance |
| Website | servicesaustralia.gov.au |
Australia FTB Eligibility 2024
- The payment for the FTB will be given to you if you meet the conditions for both the supplements.
- You have to be a PR in Australia and you are the one who is taking care of the child.
- You have a dependent child who is 19 years or less in age.
- You are the parent and have been taking care of the child for 35% of the time.
To know more about the Australia FTB Eligibility 2024 you shall go through the tabular form below.
| FTB Part A Supplement | FTB Part B Supplement |
| This benefit will be given only on the basis of your income and it shall be under $80000. | If you are a single parent who is taking care of the child, you will get the benefit on their behalf |
| Your child is not more than 15 years of age or is 16 to 19 years if is a Secondary Student | The child shall not be more than 13 years of age if having both parents and less than 18 years if having a single parent. |
| The child shall have a full time education with no burden. | The child shall be a Full Time Education Student in the Secondary School with no work load. |
Australia FTB Supplement Amount 2024
| Part A | Part B |
| The child will get $222.04 if age is 0 to 12 years.If the age is 16 to 19 years, the benefit will be $288.82 if they meet the study requirementsIf the age limit is 13 to 15 years, the benefit will be $288.82$71.26 will be given to children aged 0 to 19 years as is in the Care Organization which is approved. | The maximum rate per family each fortnight is:$188.86 if the youngest child of the family is 0 to 4 years$131.74 when the youngest child of the family is between 5 to 18 years of age |
How To Claim Australia FTB Benefits 2024?
- You have to login to the website servicesaustralia.gov.au on your device.
- You need to set up an online account first.
- You must submit all the supporting documents.
- You need to prove the child birth’s or adoption in order to claim the benefits.
- At last you need to prove the identity in order to get the benefits.
FAQs On Australia FTB Eligibility & Amount July 2024
The Part A supplement is given on the basis of the family requirements and the Part B supplement is provided if you are a single parent.
To be eligible for the benefits, you shall have a child of age 19 years or less and is dependent upon you.
The amount of the FTB is different for the supplements and as per the age of the child which can be checked through the table above.
James Stallon is a senior editor in this company who has completed his Mass Media degree. He has experience of 8 years as senior content writer in Finance, Tax and stocks related articles and 4 years experience as a senior editor in this organization. He keeps on learning new things related to international monetary policies and taxes around the world.