LodgeiT

The Seniors and Pensioners Tax Offset (SAPTO) provides tax relief to eligible seniors and pensioners. Eligibility for SAPTO is linked to the age pension eli...

TABLE OF CONTENTS Activation Tax Offset Code Income Limits and Offset Amount The Seniors and Pensioners Tax Offset amount depends on the taxpayer’s reb...

The Lump Sum Tax Offset represents a reduction in tax payable on certain lump sum payments, calculated as the difference between tax calculated at the indiv...

LodgeiT calculated by an algorithm and based on the ATO If the result with LodgeiT is not matching with the ATO calculator, please send us the copy...

Illustration: In this case, we submitted a claim on behalf of a client, but the ATO contacted us because the system had miscalculated the offset amount. In...

Question:  How to put capital losses in the managed fund section and offset these against capital gains? Answer: Other refundable tax offsets: exploration ...

Illustration: How to claim $3,000 for spouse as deduction?  Activate "Tax Offsets" from Financial Image and fill the T3 Section Learn more from ...

Label T1 is used to claim the Tax Offset for Single Parents who meet specific eligibility criteria for the financial year. Label T1 under the Offsets secti...

Understanding How LodgeiT Calculates the Tax Offset: Division 293 tax is an additional tax of 15% on taxable concessional contributions for high-income ear...

 Illustration: A client over 80 years old has withdrawn superannuation. Selected the Tax Offset Code as 'Single,' but the tax calculation still show...