families to really maximize your refund this year. They are,
* Really look at your medical costs:
If medical cost is more than $2000 you are designated to 20% of the excess. But for the large families, it can be easily achieved.
* Know your family tax benefits:
For family tax benefits part A – watch the income threshold. When your income exceeds $67,398 , then part A is phases out.
* Claim the 30% child care tax rebate:
Per year, this also include a rebate up to $4000. And also, this covers 30% of your out of pocket child care costs paid to an approved child care centre.
* Take advantage of the superannuation bumper:
Don’t forget the government’s share to superannuation. And if your income is less than $31,920 and you share $1000, the government also share up to maximum $1000.
* Be smart with healthcare:
You may be up for the medicare levy surcharge, if you and your partner’s income exceeds the threshold.