How to Reduce Medicare Levy

Modified on: Thu, 3 Oct, 2024 at 2:14 PM

Question: Why the Medicare Levy does not reduce when client is only a resident for 10 months?

Answer: Please fill M1-V or M1-W in this case. It will reduce Medicare levy. Learn more from the ATO HERE

Note: If taxable income is less than $39,402 then Medicare levy is reduced to $0. ATO reference

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