According to the Australian Taxation Office, the “adjusted taxable income” refers to the total of the following amounts:
- taxable income
- adjusted fringe benefits
- tax-free pensions or benefits
- income from overseas not reported in your tax return
- reportable super contributions
- total net investment loss for financial investments and rental properties.
Child support payment made are deducted from the above amounts to calculate the adjusted taxable income
For every $4 that the dependent’s adjusted taxable income surpasses $282, the dependant (invalid and carer) tax offset (DICTO) is decreased by $1.
Note: This information is for general guidance only and may not suit your individual circumstances. Please consult a qualified professional before taking action.
