Medical Expenses Offset Phase Out

The government announced in 2013-2014 Budget that the medical expense offset will be phased out gradually. So what does it mean for the taxpayer? From 1 July 2013, if you claimed out-of-pocket medical expenses for the 2012-2013 income year, you will be eligible for this offset for 2013-2014 income year. Similarity, for those who receive…

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