How To Know If You Will Get The Australian Government’s Tax Bonus Payment April 2009
The tax bonus legislation became law on Wednesday 18 February 2009.
To be eligable you must meet this main criteria:
- you had a tax liability for 2007/08. (Tax Paid – Tax Refund must be greater than 0) For example. You earnt $9,000, paid $2000 tax and got a refund back of $1000. This means you had a tax liability of $1000 which means you are eligible.
- Lodge you 2007-08 income tax return before 30 June 2009 (unless special deferred date arranged by ATO)
- Your 2007-08 taxable income does not exceed $100,000
- you are an Australian resident for tax purposes for the 2007-08 financial year.
How much Will you Get?
- $900 bonus will be paid if you have a taxable income up to and including $80,000
- $600 bonus will be paid if you have a taxable income exceeding $80,000 but not exceeding $90,000
- $250 bonus will be paid if you have a taxable income exceeding $90,000 but not exceeding $100,000
When will I get it?
- The first round of payments will commence from April 2009. Those who have already had their returns assessed will be the first to receive their payments.
For More Info Visit The ATO’s Media Release
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welp i’m not getting it
Luke C
March 3, 2009
Luke: really? Because of tax liability?
I thought you’d be able to claim plenty of stuff tax deductible
joelpj
March 5, 2009
I didn’t have a job last year so I didn’t pay tax, thus no tax return and no money.
Luke C
March 5, 2009
well you still have to put in a tax return.. but yea, you won’t get the $900.
Ardorpes
March 5, 2009
I’m not sure,but I may have had all my tax refunded last year. If so,does this mean I don’t get the bonus?
Kevin
March 24, 2009
If you got it all refunded, sorry mate, but no KEV payout for you :(
“To be eligable you must meet this main criteria:
* you had a tax liability for 2007/08. (Tax Paid – Tax Refund must be greater than 0)”
Visit Ozaccounting.com.au for more tax news.
Ardorpes
March 27, 2009
I really don’t understand how they can give the bonus to people who earn over $90,000 yet because I paid 0 tax I get nothing? I’m an Australian citizen who has paid tax for the last 30 years and last year was the first time I didn’t have to pay. Where is the fairness in this?
Margaret Bowden
May 13, 2009