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.
26 February 202104:20 PM - edited 26 February 202104:41 PM
I have a hypothetical question .
A doctor who is sole trader, registered for GST and lives and works in a remote area with no public transport at all.
Although she is not travelling between workplaces , according to ATO instructions, she doesn't have any option than using her car. Is there any exemption she can use to claim partial of her car expenses that is used for work?