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Youth Allowance

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The Youth Allowance is a government benefit paid to eligible students, apprentices or those looking for work aged 16 to 24. It is means tested based on both the young person's income and his or her parents’ income. The allowance is assessable and must be included in your income tax return. Unfortunately, Youth Allowance recipients cannot claim a tax deduction for expenses incurred in relation to their studies.

101 Ways to Save Money on Your Tax - Legally! 2022-2023

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