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Covid Tax Offset Gone - Got a a biger Tax Bill this year ?

Covid Tax Offset Gone - Got a a biger Tax Bill this year ?

Old Sep 14th 2023, 12:59 am
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Default Covid Tax Offset Gone - Got a a biger Tax Bill this year ?

Just had a doubling in Tax I have to pay back to the ATO this year - because the Government has removed the Covid Low-Middle income Covid Tax offset of some $1300.

Anyone else noticed the change in their refund ?
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Old Sep 14th 2023, 4:18 am
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Default Re: Covid Tax Offset Gone - Got a a biger Tax Bill this year ?

Originally Posted by jimjon
Just had a doubling in Tax I have to pay back to the ATO this year - because the Government has removed the Covid Low-Middle income Covid Tax offset of some $1300.

Anyone else noticed the change in their refund ?
Anyone earning up to $126,000 was receiving a temporary tax cut in 2021-22. So yes, many millions would see a difference from the previous year.

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