Adjusted taxable income (ATI) is an amount that is used most commonly to determine eligibility for certain tax offsets.
The following amounts are used to calculate a person’s ATI:
- taxable income
- reportable employer superannuation contributions
- deductible personal superannuation contributions
- adjusted fringe benefits (total reportable fringe benefits amounts multiplied by 0.53)
- certain tax-free government pensions or benefits
- target foreign income (income and certain other amounts from sources outside Australia not included in your taxable income or received as a fringe benefit)
- net financial investment loss (the amount by which deductions relating to financial investments exceed total financial investment income)
- net rental property loss(the amount by which deductions relating to rental properties exceed rental property income)
- any child support payments the person provided to another person.
If you have to work out a spouse’s ATI or a dependent child or student's ATI, use the ATI worksheet below.
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Dependant 1 |
Dependant 2 |
Dependant 3 |
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|---|---|---|---|---|
The period for which you need to work out the person's ATI |
from |
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to |
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The person’s taxable income for the period. If taxable income is a loss, write 0 |
|
$ |
$ |
$ |
The person’s reportable employer superannuation contributions for the period |
|
$ |
$ |
$ |
The person’s deductible personal superannuation contributions for the period |
|
$ |
$ |
$ |
The person’s tax-free government pensions or benefits for the period |
|
$ |
$ |
$ |
The person's target foreign income for the period |
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|
|
|
The person's net financial investment loss for the period |
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|
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The person's net rental property loss for the period |
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The person’s total reportable fringe benefits amounts, multiplied by 0.53 and rounded down to the nearest dollar |
|
$ |
$ |
$ |
Add all the amounts from above. |
A |
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Child maintenance the person provided to a third party for the period |
B |
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Take B away from A |
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This is the person's ATI for the period. |
|
$ |
$ |
$ |