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 20% tax rebate for medical expenses |
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 22/11/2012, 04:13 PM
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#1
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Posts: 593
Joined: 13-October 12
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I am owed about $400 from medical expenses in the past financial year. I submitted my tax return end of October and I haven't got anything. How long does it take to get the money back?
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22/11/2012, 04:19 PM
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#2
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Posts: 6,407
Joined: 31-July 04
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If you submitted your tax return near the close of the submission period, you will probably have a longer wait as that is one of the ATO's busiest times. Having said that I did the same and have received my returna already.
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22/11/2012, 04:27 PM
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#3
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Posts: 2,656
Joined: 24-November 11
From: Gold Coast
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The ATO standard turnaround time is 30 days from the date of lodgement.
Also the medical offset is a non-refundable offset meaning you actually have to pay tax before you get anything back - so if you didn't pay any income tax in the year you wont get a refund. |
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