Tax tax tax gah and family $$
ok, I've been doing DH and my taxes for the past 13 years without any issues.
I've always intended to pass the buck on to my brother, sister in law or parents in law (all of whom are accountants) when it becomes complicated, but unfortunately I decided that it would still be simple this year, and now I'm almost finished and suddenly am concerned that I'm screwing it all up and we're all going to die!!!
please let me know:
- Family Tax A and B are not taxable income;
- Child care rebate has nothing to do with tax returns;
- HECS repayments come out of taxable income and prefilling sorts that all out;
- DH can't be my "dependent spouse" because we get Family Tax Benefit Part B;
- my paid parental leave doesn't affect anything, because it's contractual and not the Government provided one;
- the baby bonus isn't taxable; and
- the medicare levy surcharge doesn't kick in until our household income exceeds $150K.
yes?
TIA