Tag: SAPTO

Seniors and Pensioners Tax Offset (SAPTO) for the 2022–23 income year.

SAPTO Offsets and Thresholds for 2022-23

Maximum offset value for the year:

• $2,230 Single Person
• $1,602 each member of couple
• $2,040 each member of couple, separated by illness.

Cut off Threshold at annual income of:

• $50,119 Single Person
• $41,790

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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