Money magazine Comments - Why retirees can't afford to ignore tax time It's dangerous to assume that you no longer need to lodge a tax return once you have retired, plus you could be missing out on some big deductions. https://www.moneymag.com.au/feed/latest?story=179778797 Sat, 26 Jun 2021 11:07:44 +1000 Sat, 26 Jun 2021 11:07:44 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Why retirees can't afford to ignore tax time https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Louise B ()

I do not think medical expenses have been rebatable for a few years now

Reply to article

For original story, Click Here.

]]> Louise B () Sat, 26 Jun 2021 11:07:44 +1000 Comment by James Anderson ()

Is the low cap rate for 2021/22 now $225,000? See ATO website - Low rate cap amount - Table 9

Reply to article

For original story, Click Here.

]]> James Anderson () Mon, 28 Jun 2021 15:19:38 +1000 Comment by Money magazine ()

Hi Louise,

You are correct - medical expenses can no longer be deducted.

We have updated the story to reflect this, and apologise for the error.

- Money team

Reply to article

For original story, Click Here.

]]> Money magazine () Tue, 29 Jun 2021 08:54:35 +1000 Comment by Money magazine ()

Hi James,

Thank you for your comment. We have updated the story to reflect the correct 2021-2022 low rate cap rate of $225,000. We apologise for the error.

- Money team

Reply to article

For original story, Click Here.

]]> Money magazine () Tue, 29 Jun 2021 14:27:32 +1000