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Medical Expenses Tax Offset

If you reach a prescribed level of expenses for medical treatment for the year, you can claim a tax offset in that years tax return.

For the 2002/03 and subsequent financial years, the medical expenses tax offset is calculated as 20% of your net medical expenses over the threshold of $1,500.

Net medical expenses are the medical expenses you have paid less any refunds from Medicare or a private health fund.

Medical expenses relating to the following people qualify:

  1. You
  2. Your spouse [including de facto]
  3. Your children
  4. Any other child under 16 - not a student - who you maintained (subject to income tests)
  5. A student under 25 years who you maintained (subject to income tests)
  6. A child-housekeeper
  7. An invalid relative, parent or spouse's parent.

Claimable medical expenses include payments relating to:

  1. Illnesses or operations - paid to legally qualified doctors, nurses or chemists
  2. Hospitals and nursing homes
  3. Dental treatment
  4. Optical treatment
  5. Therapeutic treatment - at the direction of a doctor
  6. Medical or surgical wigs
  7. Guide dogs
  8. Artificial limbs, surgical appliances, etc
  9. Carers
  10. Medical aids - prescribed by a doctor

Non-claimable medical expenses include:

  1. Ambulance charges and subscriptions
  2. Private health fund subscriptions
  3. Funeral expenses
  4. Non-prescribed vitamins and health foods
  5. Inoculations and vaccinations.

If you are unsure if this affects you, please contact your accountant.

This article is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of the information or material in this article. All information is subject to change without notice. We and each party providing material displayed in this article disclaim liability to all persons or organisations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material. You should make your own enquiries before entering into any transaction on the basis of the information or material in this article. Please ensure you contact us to discuss your particular circumstances and how the information provided applies to your situation.

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