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120 what is div 293? The sneaky tax!

Dev Raga Personal Finance

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How Can Once of High Income Years Affect You?

div293 only applies whenever your income exceeds $250,000. So once of high income years will still affect your div293 threshold and you can't offset any low income years as a result. You've got to make sure that you understand how much you've earned so far, and particularly if you're being terminated from an employment.

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