Household Stimulus Package

Case Study

• Jack and Jill have two primary school aged children.
• In the 2007/08 financial year, Jack had a taxable income of $85,000 and Jill had a taxable income of $60,000. 
• Both had a net tax liability in that year. 
• In 2008/09, Jill is on maternity leave and Jack expects to earn the same income as in the prior financial year.

Both Jack and Jill will receive a Tax Bonus for Working Australians.
In addition, the family will receive the Single-Income Family Bonus, as they are eligible for Family Tax Benefit - Part B.
As the family is eligible for Family Tax Benefit - Part A, they will also qualify for the Back to School Bonus for their children aged between 4 and 18 on 3 February 2009.

The couple will therefore receive a total bonus of $4,300.

Bonus Payments    

Tax Bonus for Jack - $600
Tax Bonus for Jill - $900
Single Income Family Bonus - $900
Back to School Bonus - $1,900

Total payments - $4,300