Find out what income we use to calculate your household income.
Household income
If your household income is $45,000 or more in 1 quarter you will not be eligible for FamilyBoost in that quarter, even if your household income is under $180,000 for the year. This is because we assess FamilyBoost in quarterly periods. This may mean you can get FamilyBoost in 1 quarter, but not the next.
If your income is taxed before you get it (like salary and wages) we’ll use your income from the relevant quarter to work out your household income.
If you get other income (like self-employed income), we’ll use your latest income tax return. We will divide the income in your return by 4 to get your quarterly income amount. You need to file overdue income tax returns before you can claim FamilyBoost.
There will be no change to your claim if your income is different at the end of the year.
Other payments and subsidies
You can claim FamilyBoost if you get a benefit, pension, prize money or subsidies.
Prize money
We assess FamilyBoost using taxable income. Generally, winnings from raffles, Lotto or prizes are not taxable, and so will not affect your FamilyBoost claim.
Subsidies
If you get other subsidies to help with your childcare, like the Childcare Subsidy from Work and Income, you can only claim FamilyBoost for any extra costs. You cannot claim for costs already covered by a subsidy.
Schedular payments
If you get income from schedular payments, we'll apply an exemption and assess your FamilyBoost claim based on the greater of:
- 25% of your income from the previous tax year
- your reported income that is not from schedular payments (for example, salary and wages).
If you want us to calculate your entitlement without this exemption, you will need to opt-out. You can do this by sending us a FamilyBoost web message in myIR.
Tax Administration (FamilyBoost Tax Credit Income and Schedular Payments) Exemption Notice 2024