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Key tax and superannuation thresholds

Low income tax offset

Section: 3.2

Low income tax offset (LITO) 2018-19:

Taxable income (TI) Reduction in offset (RI) Maximum offset
$0 -$37,000 Nil $445
$37,001 - $66,666 (TI - $37,000) x 0.015 $445 - RI
$66,667+ $445 Nil

Last modified: Tuesday, April 30, 2019