ATO Assistant Commissioner, Adam O’Grady, and Services Australia General Manager, Hank Jongen, join the podcast to talk about reporting your income correctly this tax time. Find out which government payments need to be included in your tax return and the difference between the Medicare levy and the Medicare levy surcharge. They will explain what you need to do to claim a Medicare levy exemption, and the importance of correctly reporting your spouse or partner’s income.
More information is available on the ATO and Services Australia websites:
- Income you must declare
- Government grants, payments and stimulus during COVID-19
- Tax time essentials
- Medicare and private health insurance
- Medicare Entitlement Statement from Services AustraliaExternal Link
- What’s on your Centrelink payment summaryExternal Link
- What families need to do at tax timeExternal Link
Media: Tax inVoice Episode 49: Income, prefill and the Medicare levy
https://tv.ato.gov.au/ato-tv/media?v=bi9or7od1wy819External Link (Duration 16:31)