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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-20 - TAX OFFSETS    View history reference

Division 61 - Generally applicable tax offsets    View history reference

Subdivision 61-A - Dependant (invalid and carer) tax offset    View history reference

Amount of the dependant (invalid and carer) tax offset

SECTION 61-30  

61-30  Amount of the dependant (invalid and carer) tax offset  

 View history reference
The amount of the * tax offset to which you are entitled in relation to another individual under section 61-10 for an income year is $ 2,423. The amount is indexed annually.

Note 1:

Subdivision 960-M shows you how to index amounts.

Note 2:

The amount of the tax offset may be reduced by the application, in order, of sections 61-35 to 61-45 .

[ CCH Note: The Dependant (Invalid and Carer) Tax Offset (DICTO) is $2,666 for the 2017/18 income year and is indexed annually. The offset reduces by $1 for every $4 by which the dependant ' s adjusted taxable income (ATI) exceeds $282. This means that for the 2017/18 year, the DICTO will completely cut-out when the dependant ' s ATI exceeds $10,946.

The amounts of DICTO for previous years are:
2012/132,423
2013/142,471
2014/152,535
2015/162,588
2016/172,627]


 



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