TAX COLLECTION

• admin
• July 10, 2021
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Low and middle income earner tax offsets

The low and middle income tax offset has been extended for the 2020-21 financial year and you may be eligible. Any offset amount you’re entitled to depends on your individual circumstances, such as taxable income and how much tax you have paid throughout the year. Remember, you don’t need to complete anything extra at tax time. The offset is applied automatically when you lodge your tax return and will be visible on your notice of assessment.