Medicare Levy 2009 Unchanged

There were quite a few changes affecting 2009 - 2010 tax returns in the 2009 budget. Fortunately, the rate of medicare levy is unchanged with income thresholds increasing resulting in less medicare levy payable.

However, there are other changes that are relevant for the 2009 tax return and beyond:

• Medicare Levy Surcharge for 2009 changed ==> Surcharge Changes

• Changes to income tests affecting various entitlements ==> New Income Tests