Clean Energy Future

6 search results for "\"tax return\""

• Chapter 4 – Helping households

  tax cuts in 2015-16 that will further raise the tax-free threshold to $19,400, matching the impact of the carbon price to 2020. These two rounds of major tax reform will free over 1 million people from having to lodge a tax return and boost the returns to work. 4.1 How the Government will help households Households will play an important role in the Government’s plan for a clean energy future. To help households adjust to the introduction of…

• Over a million taxpayers out of the tax system

  Tax cuts and simplification Eugenie is married to Steve and has just returned to the workforce after many years at home with the kids. Eugenie has found a part-time job paying $340 a week, or $17,680 per year. In 2012 she will get a tax cut of $177 per year. This means better returns from working. Just as importantly, a higher tax-free threshold means she gets to keep all of her wages from week to week and may not have to…

• Executive summary

  …ssist households with price impacts, there will be two rounds of tax cuts and increases in pensions, allowances and benefits. Significant tax reform will mean that more than 1 million people will no longer need to file a tax return. Increasing the tax-free threshold and cutting taxes also boosts incentives to work. Over 50 per cent of carbon price revenue will be spent on households. Household transport fuel consumption will not be subject to a …

• Conservation tillage refundable tax offset

  and Forestry – Carbon Farming Futures. Claiming the offset The conservation tillage offset is administered by the Australian Taxation Office. This means that a taxpayer can claim the offset when they fill out their income tax return for the income year the seeder is installed. The offset is available in the 2012-13, 2013-14 or 2014-15 income years. As with claims for other deductions and offsets, promary producers will need to hold evidence of th…

• How will the introduction of a carbon price affect my tax return?

  Following the introduction of a carbon price, more than 1 million Australians will be freed from having to lodge a tax return….

• Securing a clean energy future

  …hanism. To assist households with price impacts, there will be tax cuts and increases in pensions, allowances and benefits. A significant tax reform will mean that over 1 million individuals will no longer need to file a tax return. The Government is committed to supporting jobs and competitiveness as Australia moves to a clean energy future and has designed a range of measures for this purpose. The Government will seek to negotiate the closure…