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ParentsGuardians Details for the BASE Tax Year and CURRENT Form
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People also ask centrelink modjy form form
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What is a mod jy form?
Parent or Guardian details - for the BASE tax year and CURRENT tax year for dependent Youth Allowance or ABSTUDY customers form (MOD JY) Use this form to provide income details of a parent or guardian if you are a dependent claiming or receiving Youth Allowance or ABSTUDY.
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What is pre-gap tax year?
PRE-GAP tax year The PRE-GAP tax year is the financial year ending immediately before your child starts their employment. BASE Tax Year The BASE tax year is the financial year ended in the calendar year before the calendar year in which your child is eligible for payment.
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Will you be listed as a dependent on a parent's or guardian's US income tax return for the coming year?
The IRS defines a dependent as a qualifying child (under age 19 or under 24 if a full-time student, or any age if permanently and totally disabled) or a qualifying relative. A qualifying dependent cannot provide more than half of their own annual support.
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What is pre-gap tax year?
PRE-GAP tax year The PRE-GAP tax year is the financial year ending immediately before your child starts their employment. BASE Tax Year The BASE tax year is the financial year ended in the calendar year before the calendar year in which your child is eligible for payment.
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What is base tax?
The tax base is the total amount of income, property, assets, consumption, transactions, or other economic activity subject to taxation by a tax authority. A narrow tax base is non-neutral and inefficient. A broad tax base reduces tax administration costs and allows more revenue to be raised at lower rates.
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What is the base and current tax year?
The base year is the tax year ending in the previous calendar year (that is, for the 2024 assessment period the base year is 2022-23). However in particular circumstances the tax year immediately following the base tax year may be used for assessing parental income.
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How do I find my base tax year?
The base year is the tax year ending in the previous calendar year (that is, for the 2024 assessment period the base year is 2022-23). However in particular circumstances the tax year immediately following the base tax year may be used for assessing parental income.
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What is a mod jy form pdf?
Mod JY. Parent s /Guardian s details for the BASE tax year and CURRENT tax year for dependent Youth Allowance or ABSTUDY customers Purpose of this form The appropriate rate of payment for a dependent Youth Allowance or ABSTUDY customer is based on their parent s /guardian s income details.
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