Tax Bonus Payment

Taxation Accountants - A Grade Tax Penrith

Tax bonus payment

Below is a brief guideline regarding the Government’s tax bonus payments:

  • If your 2007-08 taxable income was up to and including $80,000 the bonus is $900
  • If your income exceeded $80,000 but did not exceed $90,000 the bonus is $600
  • If your income exceeded $90,000 but did not exceed $100,000 the bonus is $250.

To receive the payment your 2007-08 income tax return must be lodged by 30 June 2009 and you must have paid tax. If you were refunded 100% of your income tax paid when lodging your 2007-08 income tax return you will be ineligible for the Tax Bonus Payment. The first round of payments will commence from April 2009. Those who have already had their returns assessed will be the first to receive their payments.

For all your accounting and taxation services please contact A Grade Tax Accountants Penrith on (02) 4731-1405 or visit our website www.agradetax.com.au

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