Tax offsets, sometimes referred to as rebates, directly reduce the amount of tax payable on your taxable income.
In general, offsets can reduce your tax payable to zero but on their own they can't get you a refund.
Depending on your circumstances, you may be entitled to a tax offset if you:
- are a senior Australian or pensioner
- receive certain government allowances or payments
- maintain certain dependents or a carer
- were a low or middle income earner (available between 2018–19 and 2021–22).
Find out more about Tax offsets.