thread: You're kidding me!! I've spent how much???!!!

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  1. July 2nd, 2011, 10:50 PM #1
    kass
    BellyBelly Member


    Jun 2010
    597

    Actually anything over $2000 medical expenses directly offsets your tax payable - so unless you've paid more than $35000 tax this year, I am guessing you'll get it all back!
    wasn't my experience last year unfortunately - it was 20c after the first $1500 (which is 0) so $30,000 expenses = $5700 claim.
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  2. July 2nd, 2011, 10:52 PM #2
    nothing2lose
    Moderator


    Jun 2010
    District Twelve
    8,425

    That's what I thought Kass.
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  3. July 3rd, 2011, 04:07 PM #3
    melbel
    BellyBelly Life Subscriber


    Nov 2005
    Langwarrin. Victoria
    1,654

    and don't forget it's only 20 cents in the dollar for the out of pocket bit....not the initial charge, so will probably be a bit less than that.

    Yeah we quite regularly have years in the tens of thousands initial outlay...our usual out of pocket per year is over $8000 on medical, thats without IVF or obstetricians bills....IVF years were hugmungous!!
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