Mature Age Worker Tax Offset Phase Out
As part of the 2012 Federal Budget, the government announced that from 1 July 2012, eligibility for the mature age worker tax offset will be confined to taxpayers born before 1 July 1957.
This means taxpayers must have turned 55 prior to 1 July 2012 to receive this offset.
The $500 tax offset remains unchanged in all other respects.
Contact us at A Grade Tax Accountants Penrith on (02) 4731-1405 for all your taxation services, accounting, bookkeeping, tax returns, superannuation, retirement planning and tax advice for business and individual clients.
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