More than nine million Aussies are gearing up for a very welcome cash injection after the end of this financial year as they deal with tough cost-of-living pressures.
Of those getting a refund, 1-in-10 said the cash was critical for their financial wellbeing while one in four of those surveyed said the refund was very important. The funds are so critical to everyday Aussies as they look for ways to handle financial pressures, according to personal finance expert at Finder Sarah Megginson.
To capitalise on this tax return, Ms Megginson encouraged Aussies to claim all eligible deductions and back this up with sound financial evidence. Mr Ord similarly called on Aussies to be as thorough as possible, while urging taxpayers to purchase work-related items before June 30, seek professional tax help and take their time filing taxes.
“Many who lodge in early July end up having to amend their returns later so it’s best to wait. It’ll save you in the long run.”
Tax Payment Finder Sarah Megginson Tax Back Australia Taxation Office
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