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Thread: Tax?

  1. #1

    Join Date
    Aug 2006
    Location
    Melbourne
    Posts
    2,890

    Question Tax?

    Ok so over the years we havee been able to claim our medical expences on our yearly tax return and plan on doing so again this year.

    Can someone please tell me if it is bettter to cliam on my DH tax return as he earned more than i (this is what his tax man is saying?)

    However i have always added it to my yearly claims?

    Thanks


  2. #2

    Join Date
    Sep 2008
    Location
    Melbourne
    Posts
    1,612

    Default

    His tax man is correct. You include it in whoevers income is higher. This is because it is an offset, and only reduces the amount of tax you pay. So you are better off utilising it in the return which pays more tax which will be the higher income earner. Hope that makes sense.

  3. #3

    Join Date
    Oct 2006
    Location
    Adelaide, SA
    Posts
    3,962

    Default

    Suga has explained it perfectly!

  4. #4

    Default

    i have the same question..
    and i now know a little about it. thanks for you guys who answered the question.

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