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Tax Offsets

A tax offset in Australia is a reduction in the amount of tax owed, provided by the government to eligible taxpayers, based on specific circumstances such as low income, or being a senior or pensioner. Tax offsets can increase the amount of tax refund or decrease the amount of tax owed.

November 2, 2024 / Last updated : November 2, 2024 Geoff Merritt Income Tax

Medicare levy surcharge changes

Medicare Levy Surcharge Changes – What You Need to Know in 2025 As of 1st July 2024, changes have been introduced that impact the Medicare Levy Surcharge (MLS) and the Private Health Insurance Rebate in Australia. These adjustments are essential for anyone who may be affected by income thresholds or considering private health insurance, as […]

December 14, 2022 / Last updated : October 12, 2024 Geoff Merritt Tax Offsets

Working and Living in a Remote Zone Tax Offset

Zone Tax Offset and the 2015 Budget, Zone Rebate Fly in Fly out Working and Living in a Remote Zone Tax Offset: Understanding Your Entitlements The Australian government recognises that living and working in remote or isolated areas can bring unique challenges. The Zone Tax Offset (ZTO) was established as a way to provide financial […]