Family Tax Benefits (FTB) is a payment system provided by the Australian government to help families with the cost of raising children. There are two parts to the FTB system: FTB Part A and FTB Part B. FTB Part A is a payment that helps with the cost of raising children, and is paid per child. The amount of FTB Part A that a family receives depends on their income, the number of children they have, and their children’s ages. FTB Part B is a payment that provides extra assistance to single parents and families with one main income earner. The payment amount depends on the family’s circumstances, such as the age of their child and their income level.
The FTB system aims to support families with the costs of raising children, especially those on lower incomes. FTB payments can help families with the cost of child care, school uniforms, textbooks and other expenses related to raising children. The system also provides additional assistance for families with children who have a disability or medical condition. Eligibility for FTB payments is based on the family’s income and circumstances, and payments are generally made fortnightly. The FTB system is an important part of the Australian government’s efforts to support families and ensure that all children have access to the support they need to thrive.
What is the family tax benefit A and B?
Who is eligible for the family tax benefit?
How much is family tax benefit
How is Family Tax benefits Calculated
What is the Family tax benefit threshold
How to Apply for Family Tax benefits