Medicare Levy Calculator 2010

Related Posts:


Click here for ==>  Medicare Levy Surcharge 2011 Update

Here is a medicare levy calculator that many will find helpful. The calculator will provide an estimate of  Medicare levy for you 2010 Australian tax return, taking into account any entitlement to a reduction or exemption (see below for an explanation).

Information you may need

  • your taxable income;
  • your spouse's taxable income;
  • if you are eligible for an exemption, the number of days
 Link ==> Medicare Levy Calculator

If you are required to pay medicare levy on you 2010 income tax return, where your Australian tax return is prepared online with etax or any other online tax return preparation system, you may find the following tips helpful:

Medicare Levy Reduction - A reduction in medicare levy can apply depending on taxable income (individual and combined family income) and number of dependant children. For the 2009 year, for example, medicare levy is nil if you meet one of the following tests:

  • Individual and income < $17794
  • Individual eligible for Senior Australians Tax Offset < $28867 (higher threshold applies for couples)
  • Individual eligible for the Pensioner Tax Offset < $25299 (higher threshold applies for couples)
  • Family (including single parent families)
  • ==> 1 child < $42000
  • ==> 2 children < $44757
  • ==> 3 children < $47514
  • ==> 4 children < $50271
  • ==> 5 children < $53028 etc
The above thresholds have various shade-in limits.

Medicare Levy Exemption - There are several exemption categories that include:
  • If you are not an Australian resident you are EXEMPT from Medicare Levy.
  • Defence force members who receive free medical under Defence Force arrangements are exempt (but not non-defence force spouses)
  • Norfolk Island residents.

E-tax Return

See these posts with tips, calculators and checklists to help you prepare your eTax Return (and get a better refund) with less hassle:
Web Based Tax Return App:

A benefit of using eZtax, our web based tax return app, is we have the genuine online tools, knowledge and experience to get the best tax refund for our clients, making it easy to complete your annual tax return online.

Our Web Based Tax Return App will step you through all the necessary questions to increase your  tax refund and take into account all relevant tax deductions and tax offsets. Try it now. Its FREE to get started! 

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