Up to $1,500 in LMITO tax offsets have ended for your 2023 tax return

Did you know that the low to middle income tax offset has ended now in 2023.

This articles intention is to inform rather than advise and is based on legislation at the time. Each Taxpayer’s circumstances vary so we strongly recommend that you discuss this information with your Tax Agent, Accountant or Bas Agent before implementation. If you take, or do not take action as a result of reading this article, we accept no responsibility for any financial loss incurred. This is general advice only.