Even though a reportable fringe benefits amount is included on your payment summary and is shown on your tax return, it is not included in your assessable income. However, it is included in a number of income tests for:
- Medicare levy surcharge
- Medicare levy surcharge lump sum payment in arrears tax offset
- deductions for personal super contributions
- super co-contribution
- tax offset for contributions to your spouse's super
- mature age worker tax offset
- Higher Education Loan Program (HELP) and Financial Supplement repayments
- dependent tax offsets, including:
- dependent spouse
- child-housekeeper
- parent, spouse's parent or invalid relative
- housekeeper tax offset
- senior Australians tax offset
- pensioner tax offset
- your child support obligations
- your entitlement to certain income-tested government benefits.
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