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Offsets you can claim

Low and middle income earners
You may be eligible for both the low income tax offset and low and middle income tax offset if you are a low or middle income earner and you are an Australian resident for income tax purposes. You don't have to claim these tax offsets. We will work them out for you when you lodge your tax return. The offsets can only reduce the amount of tax you pay to zero and do not reduce your Medicare levy.
Medical expenses
You can only claim this offset if you had expenses that relate to disability aids, attendant care or aged care.
Research and development tax concession
The research and development tax concession is an ongoing scheme designed to increase the level of R&D being conducted by Australian companies. It is broad-based, not industry specific, and market-driven with the applicant entity deciding upon the scope and timing of the research and development.
Research and development tax incentive
The Research and development (R&D) tax incentive provides a tax offset for eligible R&D activities and is targeted toward R&D that benefits Australia. The incentive, which came into effect on 1 July 2011 and replaces the R&D tax concession, is geared towards encouraging companies to engage in R&D.
Small business income tax offset
The small business income tax offset can reduce the tax on your small business income by up to $1,000 each year from 2015–16.