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Two parent family
If you are a two-parent family in which your primary earner has an annual adjusted taxable income of more than $150,000 you will not be eligible for Family Tax Benefit Part B. This is regardless of the lower income of the other parent.
If the primary earner’s income is at or below this limit, Family Tax Benefit Part B will be assessed on the basis of the second earner’s income. Secondary earners can earn up to $5,329 each year before it affects the rate of Family Tax Benefit Part B.
Payments are reduced by 20 cents for each dollar of income earned over $5,329.
If you are the secondary earner and your partner earns $150,000 or less, you can still get some Family Tax Benefit Part B if your income is below:
•$27,065 a year, if your youngest child is under 5 years of age, or
•$21,043 a year, if your youngest child is 5–18 years of age |
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