Tax bonus overview

If your 2007-08 taxable income was $100,000 or less and you paid tax, you could be eligible to receive a tax bonus payment of up to $900.

If you have lodged your 2007-08 tax return before the end of March 2009 you will receive your payment between early April and mid May 2009.

What do you need to do?

If you have already lodged your 2007-08 tax return the Tax Office will automatically calculate your eligibility and entitlements and send your payment to you. They will transfer the payment into the bank account or mail a cheque to the address you nominated in your 2007-08 tax return, unless you or your agent changed your details.

Unless you were granted a deferred lodgment date by the Tax Office prior to 18 February 2009, you must lodge your 2007-08 tax return by 30 June 2009 to be eligible.

Your tax bonus is paid based on the following rules:

• $900 bonus will be paid if you have a taxable income up to and including $80,000
• $600 bonus will be paid if you have a taxable income exceeding $80,000 but not exceeding $90,000
• $250 bonus will be paid if you have a taxable income exceeding $90,000 but not exceeding $100,000

A tax office calculator can be accessed by clicking here.