Could someone please explain the $1080 payment, is it gonna be included with the refund or be paid separately ?
591 views
591 views1 replies
1 replies
591 views
1 replies
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
Hello @SKN2
I assume you're referring to the Low and middle income tax offset which gets applied to your tax automatically if you're eligible.
The amount of the offset is between $255 and $1,080 depending on your income, but its not a 'payment' or 'refund', its an offset that reduces the amount of tax that you pay on your taxable income.
I recommend having a read about Low and middle income tax offsets on our website.
:)
All replies
Hello @SKN2
I assume you're referring to the Low and middle income tax offset which gets applied to your tax automatically if you're eligible.
The amount of the offset is between $255 and $1,080 depending on your income, but its not a 'payment' or 'refund', its an offset that reduces the amount of tax that you pay on your taxable income.
I recommend having a read about Low and middle income tax offsets on our website.
:)