Tax Bonus Eligibility Extended for Disaster Victims

Are you a taxpayer affected by the disasters?

The Australian Taxation Office (ATO) has announced that victims of the recent bushfires and floods who have failed to lodge their tax returns on time will still be eligible for the stimulus package.

You must be aware of the tax Bonus & contact us if you require any clarification or advice.

The Commissioner of Taxation has confirmed that those affected by the recent Victorian bushfires and Queensland floods will not miss out on the Federal Government's stimulus package even if they fail to lodge their 2007/08 tax return on time.

The tax bonus is a one off cash bonus of up to $900 for eligible taxpayers earning less than $100,000 per year.

Taxpayers must lodge their 2007/08 income tax return by June 30, 2009 to be eligible for the tax bonus [click here for more information].

The ATO has announced that those who have been affected by the recent disasters will be granted an additional 12 months to lodge their 2007/08 income tax return without losing their eligibility for the tax bonus. 

The Tax Office will commence making the tax bonus payments to eligible taxpayers from April 6, 2009.

For more information on other natural disaster relief measures that have recently been announced, visit the ATO website at http://www.ato.gov.au.

Remember - Ensure you are aware of the assistance available if you have been affected by the recent bushfires and floods disasters.