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Net Medical Expenses Tax Offset Phase Out

Mannions Business Services - Wednesday, August 21, 2013

As part of the 2013-14 Budget, the Government announced it will phase out the Net Medical Expenses Tax Offset. For financial years commencing from 1 July 2013, you will only be eligible to claim the tax offset where you claimed it on the 2012-13 Income Tax Return or where the claim is restricted to out-of-pocket medical expenses for disability aids, attendant care, or aged care expenses, which exceed the relevant threshold.   more here...

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