Do I have to declare income from Centrelink (Newstart, Austudy) on my tax return?
Yes, it must be declared. This is because the tax office needs to determine what tax rate applies to your other earnings for the year. At the end of the financial year you will receive a Payment Summary from Centrelink indicating how much must be included in your tax return (taxable amount). You may be entitled to a rebate to ensure that no tax is payable on your benefit.
Related Questions
- Can a spouse declare all the interest from joint accounts in their tax return because their income is much lower than their partners?
- How will the new calendar affect my eligibility for income support from Centrelink (e.g. Youth Allowance, Austudy or ABSTUDY)?
- Do I have to declare income from Centrelink (Newstart, Austudy) on my tax return?
