if you underestimated, the CCB will have already been done. you would have had a debt, which would have been taken out of the CCR payment you received (so hard without seeing for sure!)
ftb would have been reconciled too - if you haven't received a payment, chances are you may have a debt - jump on online services and go to "manage the money you owe" - it should show the debt (but only if it's been raised already)
so hard to say for sure - too many variables (it may still be a credit that was sent to ATO as outlined previously too kwim)
Awesome, thanks BG. FTB debt isn't showing yet under "manage the money you owe" but as least I only have that to worry about, so I'll just check again over the next few days for it to show on the system.
you're welcome
there is a chance, given the brood you have, that you may not have been too severely underpaid (if at all)
you should get a letter very soon about the ccb/ccr thing
I underestimated by $22000 in total, and mostly that was my income so I would be very shocked if there wasn't a debt. That said, I didn't claim for the whole year so that might be my saving grace.
it also depends on where your incomes fell on the "spectrum" - as there comes a point, for ftba only, where it "plateaus" - for about 20k - so even if you have underestimated, it may not be as scary bad as it seems
worst case scenario, if you said you have no income at all, and you were below the plateau for ftba, you may have to pay back as much as 400 for every 1000 - but it really does depend on where you were on the estimate spectrum.
if you were receiving ftbb, you can pretty much assume you have to pay all you received back
ftba would be 200 for every 1000 up until you reach plateau point
and maybe rent assistance if you got any
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and mostly that was my income so I would be very shocked if there wasn't a debt. That said, I didn't claim for the whole year so that might be my saving grace.
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