Tax offsets available on Aged Care fees

 A tax offset is available for taxpayers who have net medical expenses over certain limits. As the costs for aged care can accumulate to a significant amount during the year and if the resident is also paying the means tested care fee, tax relief is available. This is particularly relevant for self funded retirees.

The tax offset can include a range aged care fees,but does not include the accommodation deposit. 
 
Please call PrimeCare Financial Planning on (03) 9006 1736, for more information on this tax offset.
 
Disclaimer: The information above is for general use only. It is not intended for personal financial advice.