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Medical rebate calculation not done unless claims exceed 7.5% of taxable income?

Posted 17 March 2016 under Tax Q&A


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Chris says:
17 March 2016 at 11:13

Would it be correct to assume it is not worth doing the calculation for medical rebate if the amount paid out of your own pocket for medical services is less than 7. 5% of your taxable income?

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.

TaxTim TaxTim says:
17 March 2016 at 12:29

That is correct. Please make use of our Medical Tax Credits Calculator to assist with the calculation of your medical credit.


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