Can you be taxed under 18 2024?
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Studied at the University of Manchester, Lives in Manchester, UK.
The same tax rules apply: once you earn over $18,200 in a financial year, you must submit a tax return. The ATO has special guidelines for the income of individuals under the age of 18, so you might be taxed at a higher rate for any more than $416 that is given to you from sources other than salary or wages.Mar 29, 2018
2023-06-15 22:10:39
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Cameron Powell
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The same tax rules apply: once you earn over $18,200 in a financial year, you must submit a tax return. The ATO has special guidelines for the income of individuals under the age of 18, so you might be taxed at a higher rate for any more than $416 that is given to you from sources other than salary or wages.Mar 29, 2018