Marriage – Tax Pitfalls

When determining eligibility for benefits from the Family Assistance Office such as childcare rebates and family tax benefits, the total income of married couples is taken into consideration.

Additionally, if the couple earns a combined income of over $180,000, they will be subject to an additional 1% Medicare levy.

This levy increases to 1.5% for couples earning more than $280,000 if they do not possess private health insurance.

Note: This information is for general guidance only and may not suit your individual circumstances. Please consult a qualified professional before taking action.

Leave a Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

You Might Also Like

First Home Buyer Tax Tips

Buying your first home is a huge milestone, and understanding the available tax rules and

Tax Myths vs Facts

Let’s bust some of the biggest tax deduction myths we hear every year!

What Can Police Officers Claim on Tax in Australia? (2024–25 Guide)

What Can Police Officers Claim on Tax in Australia? (2024–25 Guide) Introduction: How Tax Deductions