2min chapter

Dev Raga Personal Finance cover image

120 what is div 293? The sneaky tax!

Dev Raga Personal Finance

CHAPTER

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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