low income tax offset is it non refundable ,

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(Dynamo)Dynamo

21 Dec 2023

How do I calculate my low income tax offset for 2020-2021. What is the threshold.please write precise and prompt answer .the tax agent accounts next gen is not answering

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YianaATO

(Community Support)Community Support

21 Dec 2023

Hi there @kimshah8031

Here is the table that outlines taxable income in relation to the offset.

We aren't able to give you a precise answer on here as we don't know your exact situation. The offset will be worked out when you do your return and we will reduce your tax payable by this amount.

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