The dependent spouse tax offset for the financial year 2012 – 2013 has had some major changes. The largest change is that your spouse now needs to be born before 1st July 1952, making your partner over 61 on the 1st July 2013.

If the Adjusted Taxable Income (ATI) of the taxpayer that is claiming the dependent spouse tax offset is less than $150,000 and the spouse’s ATI is less than $9,973 then a claim can be made.

If the spouses ATI is less than $282 then a full payment of $2,423 can be claimed, any amounts over the $282 will result in a pro-rata payment of the dependent spouse tax offset.

*The ATI is calculated as follows Taxable income + Reportable superannuation contributions + Deductible personal superannuation contributions + Adjusted fringe benefits (total reportable fringe benefits amounts multiplied by 0.535) + Certain tax-free pensions and benefits  + Target foreign income + Net net investment losses + Net rental property losses – Child maintenance the person provided to a third party.*

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