Household Stimulus

Time is fast running out for people who may be eligible for the tax bonus payment to lodge their 2007–08 tax return. More than 8.4 million tax bonus payments worth $7.3 billion have already been made by the ATO. It’s estimated that there could be another 280,000 people yet to ...

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With around 500,000 people who may be eligible for the tax bonus payment yet to lodge their 2007-08 tax return, the Tax Office is reminding people to lodge before time runs out. Acting Tax Commissioner David Butler said it’s important for people who think they are eligible and haven’t lodged ...

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The Tax Office has issued 7.9 million tax bonus payments since early April. As we’ve covered extensively in posts and comments, to be eligible for the payment you had to: – be an Australian resident for tax purposes – have a taxable income of $100,000 or less in the 2007-08 ...

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Time is running out fast for taxpayers who need to lodge a 2007/08 tax return in order to receive the $900 Working Australians Tax Bonus. According to the Tax Commissioner Michael D’Ascenzo, “There could be up to 800,000 people eligible for the tax bonus who have not yet lodged their ...

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The Tax Office has distributed 6.5 million tax bonus payments and is on track to distribute 7.8 million payments by 16 May 2009. A number of contributers have asked what to do as they have yet to receive their bonus. Unfortunately, at this stage there is not much you can do until the deadline has passed.

“While we are working hard on the distribution of these payments, we aren’t able to provide information about the progress of individual payments until after 16 May,” Mr D’Ascenzo said.

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As part of the Household Stimulus Package, Centrelink is paying a one-off $950 Training and Learning Bonus payment to postgraduate scholarship holders. Unlike the other Training & Learning bonus payments, this one must be applied for.  If you are eligible and have made a claim, the bonus payment will be ...

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the selection process ensures all postcode payments are evenly distributed (though some might argue this is hardly reasonable if they’re still waiting. :) ).

What his means for you is that an even number of payments must be made to each of the randomly selected postcodes for any day. In practice, this method of distribution allows for the possibility that one partner will receive the tax bonus while the other will miss out… at least until that postcode randomly generates itself again.

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Following the High Court’s decision (if you are interested you can find the transcript for this case at austlii), the Tax Office yesterday said 7.4 million people who have already lodged their 2007-08 tax return will begin receiving their tax bonus payments from next week.

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I can’t tell you how many late-lodging clients have asked this question over the past week! Finally, I have some kind of answer.

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The tax bonus calculator will help you to determine your eligibilty for this particular bonus payment and let you know how much you can expect to receive.

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Having determined that you’re expecting a cash bonus, the next big question becomes “when?”

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