Australian Seniors and Pensioners Tax Offset (SAPTO)

How much is the Seniors and Pensioners Tax Offset (SAPTO).

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

Low and Middle Income Tax Offset

Australian Low and Middle Income Tax Offset (LMITO).

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

Senior Australians Tax Offset 2009

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.auRead the rest