Episode 49 – Income, prefill and the Medicare levy
Tax inVoice
English - July 18, 2022 22:00 - 16 minutes - 15.2 MBGovernment Business ato podcast tax invoice super tax not for-profit tax crime superannuation small business individuals agent compliance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Episode 48 – Work-related expense deductions
Next Episode: Episode 50 – Crypto assets and tax
ATO Assistant Commissioner, Adam O’Grady, and Services Australia General Manager, Hank Jongen, join the podcast to talk about reporting your income correctly this tax time. Find out which government payments need to be included in your tax return and the difference between the Medicare levy and the Medicare levy surcharge. They will explain what you need to do to claim a Medicare levy exemption, and the importance of correctly reporting your spouse or partner’s income.
More information is available on the ATO and Services Australia websites:
Income you must declareGovernment grants, payments and stimulus during COVID-19Tax time essentialsMedicare and private health insuranceMedicare Entitlement Statement from Services AustraliaWhat’s on your Centrelink payment summaryWhat families need to do at tax time