End of Year Tax Planning

May 31, 2013

The government intends to phase out the medical rebate by 20th June 2019. If a taxpayer does not claim the medical rebate in any one year, the taxpayer will not be eligible to claim the medical rebate in a subsequent year. This could mean that it could be beneficial to ensure your medical expenses, for 30th June 2013, exceed $2,120. For more information please follow the link.