Family taxable income is:
- the combined taxable incomes of you and your spouse (including a spouse who died during 2018–19), or
- your taxable income if you were a sole parent.
Row |
Calculation |
Amount |
|---|---|---|
a |
Your taxable income from Taxable income |
$ |
b |
Any relevant amounts of superannuation lump sums that you received (see Reduced taxable income to take account of certain superannuation lump sums) |
|
c |
Take row b away from a. If the amount is less than $0, write $0. |
|
d |
Your spouse's taxable income from Taxable income on their tax return (if applicable) |
$ |
e |
Any relevant amounts of superannuation lump sums that your spouse received (see Reduced taxable income to take account of certain superannuation lump sums) |
|
f |
Take row e away from d. If the amount is less than $0, write $0. |
$ |
g |
Add rows c and f. This is your family taxable income. |
$ |
Working out your family taxable income limit
Your Medicare levy is reduced if your family taxable income is equal to or less than the following limits.
Row |
Calculation |
Amount |
|---|---|---|
h |
If you were entitled to the seniors and pensioners tax offset, enter $61,630. For all other taxpayers, enter $47,242 |
$ |
i |
Number of dependent children (if applicable, see note) |
|
j |
Multiply row i by $4,339 (see note). |
$ |
k |
Family taxable income limit. Add the appropriate amount from row h to the amount at row j. |
$ |
Note: If you are a sole parent, you can increase your family taxable income limit for a dependent child only if the family tax benefit is payable to you for that dependent child.
If your family taxable income at row g in Worksheet 1 is equal to or less than your family taxable income limit at row k in Worksheet 2, you are entitled to a reduction.