Australia’s $211 Fortnightly Family Tax Benefit in 2024: Know Key Payout Dates, Amount & Application Process

Australia’s $211 Fortnightly Family Tax Benefit in 2024: Australia’s low-income families will benefit from the $211 fortnightly Family Tax Benefit. The Australian government is still providing low- and middle-income families with significant support in the year 2024 through the Family Tax Benefit (FTB), a $211 fortnightly payment intended to ease the financial burden of having children.

This payment is a component of the Family Tax Benefit Part A and Part B program, which is very important in assisting larger families in managing necessities. Beginning in September 2024, eligible families are expected to receive respite from the $211 Fortnightly Family Tax Benefit.

Categories of $211 Family Tax Benefit in Australia

The Australian government offers a financial assistance program called the Family Tax Benefit that is dependent on income. It is divided into two sections:

• From FTB Part A, families with dependent children under the age of 18 or if full time students up to 22 years old can receive benefits. The number of children and household income are taken into account when adjusting payments.
• From FTB Part B, intended for households headed by a single parent or those in which one parent makes a notably lower income. It offers additional help for kids less than 13 years if they have a disability.

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$211 Weekly Family Tax Benefit Eligibility 2024

In order for families to be eligible for the $211 biweekly payment in 2024, they need to fulfill certain requirements:

• The candidates must be Australian citizens or permanent residents, as well as their dependent children.
• A single parent’s yearly income for Part A cannot be more than $151,014, and a couple’s combined income cannot be more than $163,578. The maximum for Part B is $100,000 for couples and $75,000 for single parents.
• The child must be under 18 years old or a dependent full-time student under 22 years in order to qualify for FTB Part A. The child must be under 6 years old for FTB Part B, or under 13 years old if they are disabled.
• The claimant must have legal guardianship or custody of the child if they are not its biological parent is the primary caregiver.

Amounts of Australia’s $211 Fortnightly Family Tax Benefit Payment

The number of children and the family’s financial situation determine the Family Tax Benefit payment schedule. Under FTB Part A, each child’s base amount for 2024 is up to $916.15, with $211 allotted for the fortnightly payment based on the family’s income.

FTB Part B, on the other hand, supports single-parent households or homes in which one parent makes a sizable income reduction up to $448.95 per family.

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How to Apply for $211 Fortnightly Family Tax Benefit 2024?

Step 1: Firstly, open the Services Australia portal after logging into your MyGov account.

Step 2: After that, you have to go through the application section.

Step 3: Then, you have to fill out the application, making sure that all information and supporting documents are correct.

Step 4: Then, government will process your application after it is submitted and let you know if it is approved.

Step 5: Then, after being approved, you will receive payments into your bank account every two weeks.

Fact Check

Most deposits for government programs will vary based on individual circumstances, including income, work history, and eligibility. To avoid becoming a victim of misinformation, always verify claims through official government websites or consult a financial advisor. The article is based on news and data. It is advised not to use this article as professional advice for use. For accurate information, refer to the official website