Rebate income 2025

What is rebate income?

Your rebate income is the total amount of your taxable income (excluding any assessable first home super saver released amount) plus the following amounts if they apply to you:

• adjusted fringe benefits total, which is the sum of both of the following
  • reportable fringe benefits amounts you receive from employers exempt from fringe benefits tax under section 57A of the Fringe Benefits Tax Assessment Act 1986 multiplied by 0.53
  • reportable fringe benefits amounts from employers not exempt from fringe benefits tax under section 57A of the Fringe Benefits Tax Assessment Act 1986
• reportable employer super contributions
• deductible personal super contributions
• your net financial investment loss (that is, the amount your deductions from your financial investments exceeded your total financial investment income)
• your net rental property loss (that is, the amount where your deductions attributable to rental property exceeded your rental property income).

Calculate your rebate income

To work out your rebate income, use the following worksheet.

Worksheet 1 – Working out your rebate income

Row	Calculation	Amount
a	Your taxable income (from Taxable income or loss in your tax return – excluding any assessable first home super saver released amount) If your taxable income is a loss, write 0 (zero).	$
b	Your reportable employer super contributions (from question IT2 – label T in your tax return)	$
c	Your deductible personal super contributions (from question D12 – label H in your tax return)	$
d	Your net financial investment loss (from question IT5 – label X in your tax return)	$
e	Your net rental property loss (from question IT6 – label Y in your tax return)	$
f	Your adjusted fringe benefits total – the sum of the following: question IT1 – label N in your tax return multiplied by 0.53 and rounded down to the nearest dollar question IT1 – label W in your tax return.	$
g	Add up the amounts from rows a to f. This is your rebate income.	$

Go back to question T1 Seniors and pensioners tax offset 2025.