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What tax offsets will Paula received this year? Paula is 35 years old, is single and has 1 dependent child. She has earned the following

 What tax offsets will Paula received this year?

Paula is 35 years old, is single and has 1 dependent child. She has earned the following income in the 2021 year (see below). Gross payments from Income Statement $24,232 RFBA (exempt employer) $30,000 Lump Sum A $ 1,678 Redundancy Payment (Lump Sum D) $22,000 Parenting Payment Single (Centrelink) $ 2,204 Paula has not claimed any tax deductions. (Do not include tax offsets for which she may be entitled, but will result in a NIL offset amount). 

 

-- Low Income Tax Offset

-- Low and Middle Income Tax Offset

-- Beneficiary Tax Offset

-- Senior and Pensioners Tax Offset

-- Lump Sum A Tax Offset

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Based on the provided information Paula may be eligible for the following tax offsets 1 Low Income Tax Offset The Low Income Tax Offset LITO is a tax ... blur-text-image

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