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medical expenses tax offset phase out

Net Medical Expenses Tax Offset Phase Out

In 2013, the Government announced a program to phase out the Net Medical Expense Offset, to occur between 2013 and 2019. Net medical expenses are your total medical expenses, less refunds from Medicare and private health insurers, which you, or your dependents, paid during the financial year. For most taxpayers, the phasing out program removes […]

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