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10 (Tax offsets)[1]

Overseas defence force tax offset pensioner and

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Overseas defence force tax offset Pensioner and beneficiary tax offset Senior Australians tax offset Entrepreneurs’ tax offset Mature age worker tax offset Education expenses tax offset
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Foundations of Taxation Law [¶10.3](b) © CCH Australia Limited Dependants tax offset Dependants tax offset Applies to resident taxpayers who contribute to the  maintenance of following dependants: Spouse Child-housekeeper Invalid relative Parent or parent-in-law The maximum tax offset: Varies according to the dependant Operates subject to shading-out and  apportionment rules
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Foundations of Taxation Law [¶10.3](c) © CCH Australia Limited Housekeeper tax offset Housekeeper tax offset Applies to individuals who have a housekeeper that is  wholly engaged in keeping house in Australia and  caring for: A child under 21 An invalid relative A spouse receiving a disability support pension
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Foundations of Taxation Law [¶10.3](d) © CCH Australia Limited Low income tax offset Low income tax offset Applies to resident individuals who have low taxable  incomes Tax offset is up to $1,500 (in 2010/11) Tax offset reduced by 4 cents for every dollar  taxpayer’s taxable income exceeds $30,000
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Foundations of Taxation Law [¶10.3](e) © CCH Australia Limited Medical expenses tax offset Medical expenses tax offset Applies to resident individuals who incur  unreimbursed medical expenditure on behalf of  themselves and their resident dependants  Tax offset is 20% of so much of the unreimbursed  medical expenditure as exceeds threshold amount  (proposed to be $2,000 for 2010/11) 
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Foundations of Taxation Law [¶10.3](f) © CCH Australia Limited Private health insurance tax offset Private health insurance tax offset Applies to individuals for the cost of taking out private  health insurance, provided the individual has not   received this incentive by way of: A reduced health insurance premium, or A direct government payment The tax offset is at a rate of: 30% of the premium paid (taxpayer < 65) 35% of the premium paid (taxpayer ≥ 65 but < 70) 40% of the premium paid (taxpayer ≥ 70)
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Foundations of Taxation Law [¶10.3](g) © CCH Australia Limited Zone tax offset Zone tax offset Applies to individuals living in prescribed remote  areas of Australia Two zones: Zone A (more harshly affected) Zone B (less harshly affected) Individuals living in “special areas” within each zones 
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Overseas defence force tax offset Pensioner and beneficiary...

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