Government support for coronavirus - tax implications
- bookkeepercybele
- May 7, 2020
- 1 min read
The $750 Economic Support Payment is not taxable. You don't need:
- to report it as income.
- to include in family income estimate
- to include in 2019-20 tax return
Jobseeker Payment & $550 Coronavirus Supplement: You need:
- to include in family income estimate
- to include in 2019-20 tax return
BUT, you don't need:
- to report as fortnightly income at Centrelink
Jobkeeper Payment $1,500: You need:
- to include in family income estimate
- to include in 2019-20 tax return
- to report as fortnightly income at Centrelink
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