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Changes to the Net Medical Expenses Rebate

Changes to the Net Medical Expenses Rebate

From 1 July 2012, the net medical expenses rebate that allows you to claim a 20% tax offset for out of pocket medical expenses above $2,060 will be means tested.

For those with incomes above $84,000 (for singles) and $168,000 (for couples), the offset will only be available for out of pocket medical expenses in excess of $5,000 and will be reduced to 10%.

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