9880 Rebate - Mini Refresher

By the end of this refresher, you will understand what the 9880 rebate is, who is eligible and how to view in Alpha.

By the end of this refresher, you will understand what the 9880 rebate is, who is eligible and how to view in Alpha.

9880 Rebate

What is it?    

Prior to 1 April 2012, if your taxable income was under $9,880 then you could claim this tax credit for every week that you were in paid work for 20 hours or more:

•    earning salary or wages  
•    as a shareholder-employee  
•    as a working partner in a partnership  
•    as a working owner in a look-through company, or  
•    in self-employment  

Who can claim it?

Provided you fit the criteria above, you can claim this rebate for the 2012 year and prior. The tax credit for income under $9,880 has been removed from 1 April 2012. 
For the tax years 2012 and prior, if you left school during the year you could have claimed either the tax credit for income under $9,880 or the tax credit for children, whichever is larger.  – You cannot claim both

How do you know if the customer can claim it?

Just like IETC, Alpha works it out for you! Alpha will work out how many weeks that the customer has worked more than 20 hours/

Located on the Annual screen, you can view the rebates. 

This will show the time period the customer is entitled to the rebate. This can also be manually removed or added to the customer’s return.

Woogle Pagehttps://woohoo.freshdesk.com/solution/articles/5000667434-income-under-9880

 

How many hours do you need to work?

  • 40 hours
  • 30 hours
  • 20 hours

Fill in the blanks!

Provided you fit the criteria above, you can claim this rebate for the year and prior. The tax credit for income under $9,880 has been removed from 1 April 2012.

For the tax years 2012 and prior, if you left school during the year you could have claimed either the tax credit for income under $9,880 or the tax credit for , whichever is larger.  – You claim both 

Click on the below image where you can view the 9880 rebate in Alpha