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Tax Bonus

Overview
If your 2007-08 taxable income was $100,000 or less and you paid tax, you could be eligible to receive a tax bonus payment of up to $900. Payments start from 6 April 2009 and are tax free.

 

What do you need to do?

 

If you have already lodged your 2007-08 tax return the Tax Office will automatically calculate your eligibility and entitlements and send your payment to you.

 

The Tax bonus calculator  available on the Australian Taxation Office (ATO) Website http://www.ato.gov.au/ will help you determine your eligibility and estimated payment.

Unless you change your details, your payment will be deposited into the bank account you nominated in your 2007-08 tax return or sent as a cheque to the address on that return.

 

If you have already lodged your 2007-08 tax return and your bank account or address details have changed since then, call us on 1300 686 636.

 

Unless you have been granted a deferred lodgment date by the Tax Office prior to 18 February 2009, you must lodge your 2007-08 tax return by 30 June 2009 to be eligible.

 

If you or your agent have been affected by a natural disaster or significant injury or illness resulting in hospitalisation for more than two weeks, you have until 30 June 2010 to lodge.

Note, this only applies if the natural disaster or significant injury or illness occurred between 1 January 2008 and 30 June 2009 inclusive.
 

 For more information on the tax bonus payment, see the Tax bonus payment fact sheet and the Australian Government's Nation Building - Economic Stimulus Plan , please visit the website