Private health insurance tax offset

[Jaycee]

That was exactly the response I was looking for Rowellen!

So, just to clarify, the medicare levy will apply regardless of whether or not we have PHI.

The medicare surcharge levy does not apply to us as long as we earn under $168k

The PHI tax offset comes straight off the amount of tax you owe / or are getting refunded, it's not treated as a deduction in your taxable income right?

[Rowellen]

Yep that's right - for all three statements .

There are a couple ways to claim the offset - one is as a reduction of tax payable as you said. The other is via reduced premiums throughout the year.

[Jaycee]

Awesome, thanks for your help with that!