Mr Taxman
Change the way you feel about taxes.
Get informed and discover what the taxman doesn't want you to know.
Sharing it with Australia, Mr Taxman is a regular Woman’s Day columist and TV finance commentator
  • click to visit Mr Taxman on Twitter
  • click to visit Mr Taxman on FaceBook
  • rss

Mature age worker tax offset changes in 2012/13

Feb 14, 2013

The mature age worker tax offset (MAWTO) aims to encourage and reward mature age workers who stay in the workforce. The maximum tax offset is $500. On 10 December 2012, changes to the age eligibility rule for the mature age worker tax offset became law.

For 2012-13 and future year returns, taxpayers must have been born before 1 July 1957 to qualify for the offset. The '55 years of age or older' rule will no longer apply.

Eligibility for this offset remains unchanged in all other respects.

The mature age worker tax offset can only reduce your tax liability to nil. Any unused portions cannot be refunded or transferred to another taxpayer. This offset should not be confused with the senior Australians tax offset or the pensioner tax offset. Some people may be eligible for more than one of these.

?

Tags: Accountant SydneyFamilyPersonal tax

Author: Mr Taxman

Comments

"i am a 76 y/old mature age worker ,i have just lodged my y/ending 2015 tax return, i was astonished to be told by hand r block that the mature age rebate is discontinued Plus all medical expenses are in future non allowable is this true"

By: norman on Jul 25, 2015 7:10AM

"I am A 76 y/old male worker with part pension as I work approx 30 hrs pwk I lodged my return as usual today only to be told by my accountant H&R Block that the mature age rebate has been 'dropped as at March/14 'plus there will be no allowance for any medical expenditures in future is this true why was I and and all mature age workers not informed by the ATO this is (if true) deceitful plus to have All medical expenditure non allowable is a ' slap in the face' for ( in particular ) pensioners who rely on that allowance. If the above is true I will Never vote Liberal again and will write to all Media and Current affair programs including Alan Jones 2GB in Sydney 'Liberal Govt can't be trusted'"

By: norman on Jul 25, 2015 7:26AM

Post a New Comment

Media Availability

Are you interested in booking Mr Taxman for a speaking engagement or requesting his viewpoints for an article?

comments-rhsLatest Comments

  • " My Name is Brayn Morgan I would like to tell the world about a very special man, he is spell caster DR Oyinbo. I found out about DR Oyinbo through the testimonials of others that the Dr helped..."

    By: Brayn Morgan at Jun 26, 2019 9:50PM

    Post: Marriage

  • "HOW I GOT MY EX HUSBAND BACK WITH THE HELP OF REAL AND EFFECTIVE SPELL FROM DR Osasu My name is Olivia Jayden, I never thought I will smile again, My husband left me with two kids for one year, All..."

    By: Olivia Jayden at Jun 26, 2019 7:46PM

    Post: Marriage

  • "HOW I GOT MY EX HUSBAND BACK WITH THE HELP OF REAL AND EFFECTIVE SPELL FROM DR Osasu My name is Olivia Jayden, I never thought I will smile again, My husband left me with two kids for one year, All..."

    By: Olivia Jayden at Jun 26, 2019 7:45PM

    Post: Marriage

  • "REAL AND GENUINE ONLINE LOVE SPELL CASTER TO BRING EX LOVER URGENTLY CALL OR WHATSAPP +2348118829899 I want to use this opportunity I have to say a big thanks to Dr Great for getting back my ex..."

    By: Linda Gibson at Jun 26, 2019 12:16PM

    Post: Marriage

  • "I am sharing this testimony to partners suffering in their relationships because there is an enduring solution. My husband left me and our 3 kids for another woman after 8 years. I tried to be..."

    By: Allen Elina at Jun 26, 2019 7:09AM

    Post: Increasing the superannuation guarantee to 12% won’t fix retirement savings: Grattan Institute