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HomeTag: Medicare Levy

Tag: Medicare Levy

16
Apr

Medicare levy threshold change for low-income earners

By AKW Accountants No comments yet , ,

Low-income earners do not pay the compulsory 2% Medicare levy until their assessable income reaches the threshold. The threshold is different depending on whether you are a single taxpayer, pensioner, and the number of children you have that are dependent on you. Parliament has confirmed the increase to the Medicare levy threshold announced in the Federal Budget. The threshold change

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