on 26 June 2013
What does this mean for you?
As part of the 2013-14 Budget the Government announced that it will gradually phase out the Net Medical Expenses Tax Offset (NMETO) with a "use it or lose it" system.
This will mean if you do not claim the NMETO in your 2012-13 tax return, you will not be eligible for the offset in any future year.
If you received the NMETO in your 2012-13 tax return, you will be eligible to receive the offset for all eligible out-of-pocket...