The Tax-Free Threshold | Max Your Tax

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Max Your Tax

Introduction to the Australian Tax System and Logdgement Information

Welcome to Max Your Tax
Course Overview and Objectives
The Australian Income Tax System
Tax Tips
Self Assessment
Record Keeping Requirements under Australian Tax Law
Data Matching
Who is required to lodge a tax return in Australia?
Case Study - Examples of Income Tax Returns that must be lodged (4:02)

What is Income?

Introduction (7:04)
Assessible income in detail
Before-tax contributions

Calculating Tax

The Tax-Free Threshold
Tax Rates and changes from 1 July 2024

Residency for Tax Purposes

Australian Residents for Tax Purposes

Tax Offsets

Introduction and the Low Income Tax Offset (1:10)
The Beneficiary Tax Offset
The Lump Sum A Tax Offset
The Seniors and Pensioners Tax Offset
The Sole Parent Offset
The Invalid and Invalid Carer Tax Offset
Zone & Overseas Forces Tax Offset
Spouse Superannuation Tax Offset

Medicare Levy & Surcharge

Medicare Levy
Medicare Levy Exemptions
Medicare Levy Surcharge

Study and Training Loans

Study and Training Loan Repayments and Thresholds and Rates
Australian Tax Obligations After Moving Overseas
Common Mistakes
Lesson Recap

Deceased Estate

Tax Returns and Other Obligations
Bankruptcy

Deductions

Introduction (2:52)
Motor Vehicle Expenses
Travel and Accommodation (2:44)
Uniforms & Protective Clothing
Self Education (1:20)
General Work Expenses (1:17)
Depreciation
Gifts and Donations
The Cost of Managing Tax Affairs
Super Deductions
Lesson Recap

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Course Completion

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The Tax-Free Threshold

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