Where is Adjusted Taxable Income (ATI) is coming from?

Modified on: Wed, 17 Nov, 2021 at 8:44 AM

Question: I am preparing an individual income tax return and am mystified as to where the Adjusted taxable income amount is coming from.

This person only has interest, dividends and trust distribution – taxable income = $172,357

Adjusted taxable income is showing as $622,874,

Solution: ATI consists not only from taxable income. Please see screenshot below.You may also check and verify to ATI calculator on ATO site https://www.ato.gov.au/calculators-and-tools/income-tests-calculator/

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