The Senior Australians Tax Offset, now part of the Senior Australians and Pensioners Tax Offset (SAPTO), is designed to provide a tax break for low-income, elderly Australians. In order to qualify for the tax offset, you must pass three tests related to age; income; and eligibility for Australian Government pensions.
For instance, if you are male, you must be
- A non-veteran age 65 or older on 30 June 2016, or
- A veteran or war widower age 60 or older on the same date.
And, if you are female, you must be
- A non-veteran age 64 plus 6 months, or older, on 30 June 2016, or
- A veteran or war widower age 59 plus 6 months, or older, on the same date.
If you are:
- Single- your rebate income must be less than $50,119
- Married- your combined rebate income must be less than $83,580.
- If you and your spouse had to live apart- due to illness or because one of you was in a nursing home your combine rebate, income must be less than $95,198.
- Rebate income threshold amounts are indexed each year