Wednesday, January 8, 2014

Australian Medical Taxes - phase out began this year

Each country is different in its handling of allowable medical expenses for tax deductions.   I've been alerted by a friend in Australia who is a tax expert that medical deductions are being phased out by the government, with changes taking effect as of July 1, 2013.

Consult an accountant who is up to speed on all of the latest changes.  You don't want a new baby AND an audit!  The stress will drive you to drink!

http://www.bdo.com.au/resources/publications/federal-budget-2013/personal/net-medical-expenses-tax-offset-phase-out

http://www.ato.gov.au/General/New-legislation/In-detail/Direct-taxes/Income-tax-for-individuals/Net-medical-expenses-tax-offset-phase-out/

In this world nothing can be said to be certain, except death and taxes.
Benjamin Franklin 

Kim Hendrix
Complete Surrogacy Solutions


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