Treasury Laws Amendment (Cost of Living Support and Other Measures) Act 2022 (14 of 2022)
Schedule 6 Low and Middle Income tax offset
Income Tax Assessment Act 1997
3 After subsection 61-107(1)
Insert:
(1A) The amount of your *tax offset is increased by $420 if:
(a) the income year is the 2021-22 income year; and
(b) your relevant income is not $126,000.
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