Archive | March, 2015

Medical Offset

Net Medical Expenses Tax Offset

The ATO has reminded us that the net medical expenses tax offset (NMETO) is being phased out. To be eligible for the NMETO for 2014-15, individual taxpayers must have received an amount of the tax offset in both of their 2012-13 and 2013-14 income tax assessments. The ATO says that if the taxpayer’s 2012-13 notice of assessment shows […]

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