The Australian Tax Office is continuing to send out bonus payments of up to $900 to those who are eligible. There have been over 8 million bonus payments sent out already.
However, the deadline to qualify for the bonus payment is almost here. If you did not yet lodge your 2007-08 tax return, and you believe you are eligible for the bonus payment, you must lodge your return by June 30th to qualify. The bonus payments are received as electronic transfers, or cheques. Tax returns lodged after the end of June will not receive the bonus payment.
If you or your accountant have, at any time between 1 January 2008 and 30 June 2009, been affected by a natural disaster or required more than two weeks’ hospitalisation for an injury or illness, then you have greater leniency in lodging your 2007-08 tax return. Persons affected by a natural disaster, injury or illness have until 30 June 2010 to lodge their tax return, and will remain eligible for the bonus payment.
For further information on the bonus payment, or other ATO information, call 1300 686 636 or visit the ATO’s web site at http://ato.gov.au/
Start lodging your tax return right now!
Tags: 2008 taxes, tax bonus
