Posts Tagged ‘medicare levy’
What is the Medicare Levy? Understanding Australia’s Healthcare Tax
What is the Medicare Levy? The Medicare Levy is a tax imposed on Australian taxpayers to help fund the country’s public healthcare system, Medicare. Most taxpayers are required to pay 2% of their taxable income as the levy. This helps ensure that all Australians have access to healthcare services. However, not everyone has to pay the…
Read MoreReducing Your Medicare Levy
Reducing Your Medicare Levy In some circumstances, you may be able to reduce your Medicare Levy and hence pay less tax. Certain examples which you may need to consider include: • where you have a low family income which may entitle you to a Medicare levy reduction • some certain medical conditions e.g. being blind…
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