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These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.
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Notes Online Home 2015 Income Tax Basics Day 1 Tax offsets
In these notes, we discuss in detail the different tax offsets available for 2015, the eligibility criteria for claiming tax offsets, how each offset is calculated and give examples of how the tax offset items of the ‘I’ return are to be completed.
