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Re: Bonus

Newbie

Views 86

Replies 1

Hi All.

so I done my tax return online for the first time. My Question is about The $1080 bonus for low income earners. My receipt says it was paid, but it doesn't make sense. 
Before I finalised my return it had a deduction of $1080. Then on my receipt it had +$1080. This years return is the lowest I have ever received even with the so called bonus and I earned  less last year than I had in previous years.
Did I just get ripped off?

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Accepted Solutions

Most helpful response

Devotee

Replies 0

The $1080 is an offset, not a rebate. It can only reduce your tax to $0. My guess is that you are already getting back all of your tax, and the $1080 can't increase that.

1 REPLY 1

Most helpful response

Devotee

Replies 0

The $1080 is an offset, not a rebate. It can only reduce your tax to $0. My guess is that you are already getting back all of your tax, and the $1080 can't increase that.