In the recent Federal Budget, the government has proposed to phase out the Net Medical Tax Offset, to commence 1 July 2013.
The Net Medical Tax Offset reduces your Tax Payable.
Net Medical Expenses are medical expenses incurred by you and your family, after deducting any refunds (e.g. Private Health Insurance claim payments, Medicare ... |
It's not very often that the ATO allows you to earn income without paying tax, but you can earn tax-free income from hobbies.
A common example of this type of tax-free income are fees earned from refereeing social sports (e.g. touch football, netball, etc.). We have a client that earns an average of $200 per week during the season fro... |
