Medicare levy low-income threshold
The Government will increase the Medicare levy low-income thresholds for singles, families, and seniors and pensioners from 1 July 2020 to take account of recent movements in the CPI so that low-income taxpayers generally continue to be exempt from paying the Medicare levy.
|Single seniors and pensioners||$36,056||$36,705|
|Family threshold for seniors and pensioners||$50,191||$51,094|
For each dependent child or student, the family income thresholds increase by a further $3,597 instead of the previous amount of $3,533.