Do your out of pocket expenses medical expenses exceed $2060? If so you may be entitled to an offset of your income
During the financial year July 2011 to June 2012, if you have spent more than $2060 in medical expenses, you will be entitled to an offset of 20% of the difference between what you spent and the threshold of $2060. The $2060 threshold did increase from $2,000 which was the previous amount in the 2010-2011
Such medical expenses include:
3. Medicare Gaps
4. Private Health Insurance Gaps
Please call our friendly staff at Taxpro on 9248 5495 for more information.