Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
9 July 202002:04 PM - edited 9 July 202003:06 PM
I am currently eligible and receiving Jobkeeper from my primary employer whilst stood down. I have also recently received a 6 month full-time contract for a second job.
I would like to claim the tax-free threshold from the second for the period of the 6 month contract and not claim the tax-free threshold from my Jobkeeper payment for this period since the second job will pay more money than Jobkeeper.
Is this tax change allowed or do I have to claim the tax-free threshold from the job that pays me Jobkeeper?