Item 22 - Bonuses from Life Insurance Companies and Friendly Societies

Click this link for the information on Item 22 - Bonuses and friendly societies on the ATO website.

Bonuses from Life Assurance Companies and Friendly Societies income amounts integrate from Bonus Offsets dialog. The details of the dialog are printed in the Tax Offsets and Medicare worksheet (reb). Enter the total amount of the bonuses and the system will calculate the offset to be included in the tax estimate.

CCH References

10-230 Life assurance and endowment policies

10-240 Bonuses on insurance policies