64 Jolimont Street, East Melbourne VIC 3002

Accounting News

Individual Tax Returns – Medical Expenses 2015

 

Almost gone.

       

The number of taxpayers eligible for medical expenses claim is decreasing.

To be eligible for the Net Medical Expenses Tax Offset for 2014/2015 year, taxpayers must have received an amount of the tax offset in both of their 2012/13 and 2013/14 income tax assessments.

If the medical expenses relate to disability aids, attendant care and aged care, these can continue to be claimed until 30 June 2019.

 

 

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W Marshall & Associates 64 Jolimont Street, East Melbourne VIC 3002

Important: This is not advice. Clients should not act solely on the basis of the material contained in this Commentary. Items herein are general comments only and do not constitute or convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before taking any action. The Commentary is issued as a helpful guide to clients and for their private information. Therefore it should be regarded as confidential and not be made available to any person without our prior approval.