bO2 2021 Ch 6 Tax Offsets

James Murphy Tax

TAX OFFSETS DIFFERENT TO DEDUCTIONS Tax offsets – which are different to tax deductions – allow some individual and business taxpayers to reduce the amount of tax they pay when they lodge their tax return.  Pensioners, small business, low-income earners, and parents are among those who may be entitled to this concession. Tax offsets are slightly different to a tax ...

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