Budget and fertility

[JosieJo]

I saw recently someone mention something about the budget changing the amount we'd get back...with something...from June? Does this sound familiar to anyone? Does anyone know more specific info?

[RhiChiChi]

Hi JosieJo,

It was Nothing2Lose.... I don't know the ins and outs but I think the amount you get back is reduced/not as much. Sorry, can't help anymore but hopefully N2L will pop in & explain it

[Amy_jellybean]

From what I have heard:

At the moment you get 20% of everything over $2000 back in your tax return for medical expenses, as of next year you will get 10% of everything over $5000

[Joeve]

Oh ffs can they make it any harder???

[JosieJo]

I just found a few more details-

A means test will be introduced for the net medical expenses tax offset from 1 July 2012.

For people with adjusted taxable income above the Medicare levy surcharge thresholds ($84,000 for singles and $168,000 for couples or families in 2012-13), the threshold above which a taxpayer may claim net medical expenses tax offset will be increased to $5,000 (up from $2,060 currently) and indexed annually and the rate of reimbursement will be reduced to 10% (down from 20%) of eligible out of pocket expenses.

Those with income below the surcharge thresholds will be unaffected.

[juniper76]

Oh ffs can they make it any harder???

The pessimist in me says, "yes".