Lump Sum E Lodgement and Medicare Levy Surcharge

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RenATO · Answer

The Lump sum payments in arrears (https://www.ato.gov.au/Individuals/Income-and-deductions/Offsets-and-rebates/Lump-sum-payments-in-arrears-tax-offsets/) tax offset, will include a credit for any extra Medicare Levy surcharge, resulting from the increase in income. Your income for MLS (https://www.ato.gov.au/Individuals/Tax-return/2022/Tax-return/Medicare-levy-questions-M1-M2/M2-Medicare-levy-surcharge-(MLS)-2022/) is your taxable income and includes lump sum E. If your income is above the threshold then, you'd indicate the number of days you don't have to pay the surcharge which sounds like zero. **updated by moderator 20/06/2023 to reflect accuracy**

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