Eager taxpayers keen to lodge their tax returns have slammed the Australian Taxation Office after they were placed in a “slow” online queue with wait times of up to an hour. Australians can now file their tax returns, and many eager for a pay bump have flooded social media slammingContinue Reading
Aussies have lashed out after being forced to wait over an hour in a virtual queue while trying to complete their tax return. Frustrated taxpayers took to social media to complain after logging in to their myGov account only to be met with a “hang tight” message on the AustralianContinue Reading
With the expiration of the Low to Middle Income Tax Offset, plus a series of new crackdowns announced by the ATO, some Aussies are set to get less back in their tax return this year. Will my tax return be less in 2023? The Low to Middle Income Tax Offset,Continue Reading
Millions of Australians struggling with rising cost of living are waiting to lodge their tax returns so they can use the cash to pay for bills and other essential expenses, new research has found. The survey of more than 1000 respondents by comparison website Finder found nearly one in fourContinue Reading
Millions of Australians will see their tax reductions shrink by as much as $1500, as the Australian Taxation Office cracks down on rental property investors after a shocking number of incorrect returns were uncovered. ATO Assistant Commissioner Tim Loh told The Australian that regular reviews on property investors’ deductions foundContinue Reading
A tax break for millions of Australians will expire this year as planned amid claims Treasurer Jim Chalmers used the Easter long weekend to bury the news. The low-and-middle-income tax offset handed people earning under $126,000 a year a tax break between $255 and $1080 and came at a super-sizedContinue Reading
More than 10 million middle-income Australians will cop one of the largest tax increases in Australian history after the May federal budget. The record breaking tax hike comes as households are grappling with high interest rates and skyrocketing costs of living. Treasurer Jim Chalmers is planning to scrap the lowContinue Reading