Dependent offset calculations and net medical expenses tax offset (NMETO) thresholds 2019-20

Version
2019-20
Original Published Date
Effective Date
Status
Current
Tax Category
Payroll
Tax preparation
Resource Type
Statement of formula / rates and thresholds
Description

The attached spreadsheet provides 2019-20 indexation of rebates as per section 159HA of the Income Tax Assessment Act 1936 and Subdivision 960-M of the Income Tax Assessment Act 1997.

There are no changes from the previous year.

Note: The Net Medical Expense Tax Offset does not apply from1 July 2019 as it is phased out entirely on 30 June 2019.

File Size Upload date
Dependant offset calculations NMETO thresholds 2019-20 (XLSX) 115.15 KB 17 May 2019