Forum Discussion

rainbowdreams's avatar
2 months ago

medicare levy reduction

Hello, we've got a new employee who wants to claim tax free threshold + HELP + medicare levy reduction (she has 2 dependent child). But it looks like there is no such an option in the myob tax table? Should I just choose the Medicare levy half exemption + STSL?

1 Reply

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    2 months ago

    Hey rainbowdreams,

     

    You're totally right to double-check this, because it can get a bit tricky with all the tax options. Since claiming the Tax Free Threshold + HELP + Medicare Levy Reduction together isn't available as a preset in tax tables, the best move here is to have a quick chat with your accountant or tax advisor. They'll be able to tell you exactly what applies, especially with added factors like two dependent children and STSL.

     

    Cheers,

    Doreen