When will I receive my Family Tax Benefit lump sum 2023 - Study95

When will I receive my Family Tax Benefit lump sum 2023 :

Hello Here you will read When will I receive my Family Tax Benefit lump sum 2023. There are many people in Australia who are waiting for the Family Tax Benefit lump sum in 2023 to see when they will get it. You can read about it below. You all know that every year there is a financial year. You have to detail your income to Australia Taxation Office before the end of that financial year. You also have to file your taxes before the end of that financial year. Based on this, a lump-sum payment of the family tax benefit is made.

 

 When will I receive my Family Tax Benefit lump sum 2023 :-

For the year 2022–23, you have until June 30, 2024, to do two important things:

1. Confirm how much money your family earned during the 2022–23 financial year.

2. If you want to get the Family Tax Benefit (FTB) as one big payment for the 2022–23 financial year, you also need to do this by June 30, 2024.

If you don't do these things on time, you might not get the money you're supposed to receive.

 

Important Dates :

The amount for the year 2022-2023 will be given from July 4th to July 7th, 2023.

You and your partner must tell us about your income if:

1. You got the Family Tax Benefit (FTB) during the 2022–23 financial year.

2. You want to get FTB as one big payment for the 2022–23 financial year.

Even if you didn't receive FTB during that year, you can still ask for it all at once.

Sometimes, the tax office (ATO) might give you more time to submit your tax return, but this won't change when you need to tell us about your income for FTB. You still have to do it within our set time limits so we can calculate your FTB correctly.

 

If you get a family tax benefit, you need to confirm your income every year.