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Net medical expenses calculator

Mar 16, 2011

The medical expenses tax offset only applies if your net medical expenses exceeds $2,000 (prior to 2010/11 the threshold was $1,500) excluding contributions to private health insurers, travel or accommodation expenses associated with medical treatment or inoculations for overseas travel.
 
You can only claim medical expenses for yourself and/or your dependants who are Australian residents for tax purposes.

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Tags: CalculatorsFamily

Author: Mr Taxman

Comments

"Its $2000 for Financial Year 2011 not $1500. Your comment was posted on 16 March 2011 so it fall under 2011 financial year."

By: Zarrar Janjua on Aug 17, 2011 10:52AM

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comments-rhsLatest Comments

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    By: Mr Taxman at Mar 04, 2020 9:36PM

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  • "Your refund is your asset. It would be up to the courts to determine if you have to share your assets when you settle your split."

    By: Mr Taxman at Mar 04, 2020 9:28PM

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  • "Sorry to hear Emma. Generally speaking when it comes to completing your income tax return and including spouse details, a spouse includes another person who: * you were in a relationship with that..."

    By: Mr Taxman at Mar 04, 2020 9:22PM

    Post: Marriage

  • "Admittedly not too much depreciation with a 2011 car but there will still be a few $$$ there still. My motto is that you would pick up $20 if it was on the ground so why not claim it in your tax..."

    By: Mr Taxman at Mar 04, 2020 8:59PM

    Post: Claiming car expenses

  • "Geez 15 hours is a long shift. I certainly hope you get some breaks during the week. Generally, meals are considered a private expense. You can only claim a deduction for meals when you receive..."

    By: Mr Taxman at Mar 04, 2020 8:48PM

    Post: Claiming car expenses