ALLOWABLE DEDUCTIBLE MEDICAL EXPENSES PROFESSIONAL
If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice. Make sure you have the information for the right year before making decisions based on that information. Some of the information on this website applies to a specific financial year. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations. Check if you can claim a medical expenses tax offset from 2015–16 to 2018–19. Use the Income tests calculator to help you work out your adjusted taxable income (ATI) amount. Use the Net medical expenses tax offset calculator to work out the amount of your total net medical expenses for income years 2015–16 to 2018–19. To work out the percentage of net medical expenses you can claim, you will need to know your: This offset is also subject to an income test.
Calculate the medical expenses tax offset This generally refers to your spouse and children but may also include other dependants. You should keep documents that relate to you, as well as for your dependants. statements from the NDIS or a private health fund.documents for any payments made to residential aged care facilities.receipts from an approved care provider for in-home care expenses.receipts or other documents to show the medical expenses you claim – for example, payment for prosthetics or a wheelchair.You need to keep records for the income years you claim this tax offset. If you receive a reimbursement amount as part of a compensation payment, you generally don't have to reduce your eligible medical expenses. You must reduce your eligible medical expenses if you receive a reimbursement from either: National Disability Insurance Scheme (NDIS).Net expenses are your total eligible medical expenses minus refunds you, or someone else, receive from either: You could claim the medical expenses tax offset for net eligible expenses relating to: The offset is not available from 1 July 2019. The medical expenses tax offset was available from the 2015–16 to 2018–19 income years. Calculate the medical expenses tax offsetĮligibility for the medical expenses tax offset.Eligibility for the medical expenses tax offset.
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