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Some tax questions
:help: At risk of sounding really dumb.....
I am new to this whole tax thing with having a child and am a bit confused with payments and stuff in the income section.
I am doing etax online and in the income section it is asking me about partnered parenting payments...
I dont recall getting a statement as to how much I got in total this financial year and I was under the impression that it wasnt a taxable income anyway. (might be wrong) So if I am supposed to enter something there, I have no idea what to put.
If anyone has etax it is number 5 in the income section I am confused about.
We received family tax benefit B, the baby bonus and some rent assistance.
Any help appreciated
ETA-MORE QUESTIONS BELOW!
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FTB payments is not a taxable income, Parenting Payment is. If you don't receive parenting payment and only receive FTB payments, then you do not have to declare that on your tax return.
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:yeahthat:
We only got FTB which is not taxed. You could ring family assistance if your not sure and ask them??
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Oh thank you lovely ladies!
Okay we didnt get parenting payment then. Just wasnt sure if that is another name for it.
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Okay Another dumb question.....
Do I tick no to claiming the baby bonus seeming I ahve already claimed it in fortnightly payments?
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silly question- answered myself