Category: Tax Deductions Information

Federal Budget 2018-19

Posted on 30 Oct, 2018
Federal Budget 2018-19

The Government will introduce the Low and Middle Income Tax Offset, a non-refundable tax offset of up to $530 per annum to Australian resident low and middle income taxpayers.

The offset will be available for the 2019, 2020, 2021 and 2022 income years and will be received as a lump sum on assessment after an individual lodges their tax return.

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