Government support for coronavirus - tax implications

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


https://www.youtube.com/watch?v=X9QM5AByDck&fbclid=IwAR0O_8Ape2YZUI6pwadyty81nixLOFjAdr2RPTKc_1E45BbPc0cecPlXcG0



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