On 4th July 2019, the Government’s $158bn tax cut package passed through the Senate which means that the ATO can now process claims relating to this. The amount taxpayers will receive is calculated on your income and relates to the tax return you are about to lodge (2018-2019). Eligible taxpayers can receive up to an extra $530 for singles or $1,080 for a couple.

To help you work out how much you can expect back, here is a useful tax calculator

If you have any questions please give us a call on 08 9240 7629 or email Chloe.

Appointments are booking up fast, so please contact us to schedule your tax return appointment.