This question is about reportable fringe benefits amounts that you received. Do not show any benefit less than $3,773.
The government has made changes to the treatment of fringe benefits under the income tests for net medical expenses tax offset, dependant (invalid and invalid carer) tax offset, zone and overseas forces tax offset, seniors and pensioners tax offset, and low income superannuation tax offset. The amount at W item IT1 will no longer be adjusted down when we calculate these tax offsets. The same change applies to the amount at label S in the Spouse details section of the tax return.
Did you receive any reportable fringe benefits amounts of $3,773 or more?
Write 0 at both N and W item IT1, then go to question IT2 Reportable employer superannuation contributions 2018, or return to main menu Individual tax return instructions 2018.
Answering this question
You will need every PAYG payment summary – individual non-business and every PAYG payment summary – foreign employment you received that shows reportable fringe benefits amounts.
Completing your tax return
If a reportable fringe benefits amount shown on your payment summary is less than $3,773, do not include it in Step 1 or Step 2. Check with your employer that the amount is correct.
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? Write the total at N item IT1. If your total is 0, write 0 at N.
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? 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 2018.
- Return to main menu Individual tax return instructions 2018.
- Go back to Income tests 2018.