SAPTO Offsets and Thresholds for 2022-23
Maximum offset value for the year:
Cut off Threshold at annual income of:
Some people have asked how to claim the Low or Middle Income Tax Offset on their Australian Tax Returns.
The ATO state: You are not required to do anything to claim the low and middle income tax offset. We will … Read the rest
If you’re a Senior Australian, you may be eligible for the seniors and pensioners tax offset (SAPTO).
The SAPTO can reduce the amount of tax you are liable to pay. In some cases, it may reduce your tax liability to … Read the rest
The Australian 2018 budget introduced the Low and Middle Income Tax Offset (LMITO) for the tax years 2018-19 through to 2021-22, to assist Low and Middle Income earners with a slightly lower income tax deduction. This is in addition to the Low … Read the rest
Australian taxpayers are able to benefit from the Low Income Tax Offset [LITO] benefit from the Australian Tax Office (ATO).
The Low Income Tax Offset [LITO] is an end of year rebate for lower income earners, and does not have … Read the rest
For the 2009-10 income year, you will be eligible to claim a dependent spouse offset if all of the following apply:
If you are over the pension age, you may be eligible for the Australian Tax Office (ATO) Senior Australians Tax Offset.
Depending on various eligibility factors, this benefit may be payable for those with an income up to about $46,000 for a single person.
Further details are available at: www.ato.gov.au… Read the rest
