IT1 Total reportable fringe benefits amounts 2020

This question is about reportable fringe benefits amounts that you received. Do not show any benefit less than $3,773.

Did you receive any reportable fringe benefits amounts of $3,773 or more?

Neither the amount at W item IT1, nor the amount at S in Spouse details, are adjusted down by:

• the dependant (invalid and invalid carer) tax offset
• the zone and overseas forces tax offset
• the seniors and pensioners tax offset
• the low income superannuation tax offset.

Answering this question

Warning:

This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

You will need each income statement, PAYG payment summary – individual non-business and PAYG payment summary – foreign employment you received that shows reportable fringe benefits amounts.

See also:

• Reportable fringe benefits – facts for employees

Completing your tax return

If a reportable fringe benefits amount shown on your payment summary or income statement is less than $3,773, do not include it in step 1 or step 2. Check with your employer that the amount is correct.

Step 1

Add up all the reportable fringe benefits amounts shown on your:

• payment summaries with Yes selected at Is the employer exempt from FBT under section 57A of the FBTAA 1986?
• income statements at Reportable fringe benefits – exempt amount.
• Write the total at N item IT1. If your total is 0, write 0 at N.

Step 2

Add up all the reportable fringe benefits amounts shown on your:

• payment summaries with No selected at Is the employer exempt from FBT under section 57A of the FBTAA 1986?
• income statements at Reportable fringe benefits – non-exempt amount.
• Write the total at W item IT1. If your total is 0, write 0 at W.

Where to go next

• Go to question IT2 Reportable employer superannuation contributions 2020.
• Return to main menu Individual tax return instructions 2020.
• Go back to Income tests 2020.