Working for Families Tax Credits
Working for Families makes it easier for you to work and raise a family.
There are four types of Working for Families Tax Credits:
- family tax credit
- in-work tax credit
- minimum family tax credit
- parental tax credit (to be replaced with Best Start tax credit from 1 July 2018).
You may qualify for one or more, depending on your personal situation.
These payments are explained on the:
How much income can you earn and still receive Working for Families Tax Credits
If your family income before tax is less than the amounts shown in the table, you may qualify for a payment. The amounts are based on your eldest child being aged 15 years or under and all other children being aged 12 years or under. If you have older children, you may be able to earn more and still be eligible.
Working for Families Tax Credits Income Limits 1 April 2017 – 30 June 2018
| Number of children |
Annual Income (before tax) | ||
|---|---|---|---|
| Family tax credit | In-Work tax credit | Parental tax credit | |
| 1 | $57,781 | $74,537 | $84,314 |
| 2 | $72,674 | $89,430 | $99,208 |
| 3 | $87,568 | $104,323 | $114,101 |
| 4 | $102,461 | $122,683 | $132,461 |
| 5 | $117,354 | $141,043 | $150,821 |
| 6 | $132,248 | $159,403 | $169,181 |
Until 31 March 2019, if your family income is below $26,156 a year after tax, you may also be able to get the minimum family tax credit.
Working for Families Tax Credits Income Limits 1 July 2018 – 31 March 2019
From 1 July 2018, the Working for Families Tax Credits income limits will increase.
| Number of children |
Annual Income (before tax) | |
|---|---|---|
| Family tax credit | In-Work tax credit | |
| 1 | $66,212 | $81,292 |
| 2 | $85,192 | $100,272 |
| 3 | $104,172 | $119,252 |
| 4 | $123,152 | $141,352 |
| 5 | $142,132 | $163,452 |
| 6 | $161,112 | $185,552 |
If your family income is below $26,156.00 a year after tax, you may also be eligible for the minimum family tax credit.
