Do franking credits lower or increase my taxable income? My dividends are 100% fully franked, my marginal tax rate is below 30%.
Thankyou
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Franking credits increase your taxable income,, they are added to the dividend received, then a tax credit is received for the franking credits.
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Franking credits increase your taxable income,, they are added to the dividend received, then a tax credit is received for the franking credits.
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