eTax and Tax Offsets Checklist

Related Posts:
A glance over the available list of “Tax Offsets" in the 2013 tax return reveals the list is getting smaller.

Thanks to the efforts of Rudd/Swan and Gillard/Swan and various budgets in recent years, the list is all but vanished. In 2014, when the Spouse Tax-offset vanishes altogether, the only rebates listed will be Zone Tax Offset, Medical Expenses Tax Offset (not for much longer), Senior Australians Tax Offset and Australian Superannuation Income Stream.
Others that have, or will, vanished are Mature Age Worker Tax Offset, Entrepreneurs Tax Offset, Medical Expenses Tax Offset, Education Tax Offset (now claimed directly from Centrelink), FTB (now claimed directly through Centrelink), Health Insurance tax Offset (still exists but in a modified and limited form).

Other tax offsets, like Beficiary Tax Offset (applying to Centrelink Payments), Low Income Tax Offset (getting smaller), Lump Sum Tax Offset (applies to ETP's) and Seniors and Pensioners Tax Offset still remain but are either small or limited and calculated automatically by the ATO when processing your assessment notice.

This is a very brief explanation of tax offsets to be include in your etax return or other online tax return application.

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:
For help with your eTax return see our eTax Return Checklist.

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!

Copyright 2014. My Tax Zone.