With tax season upon us, most of us are thinking of ways to make sure we get our Australian tax back. After all, it’s not like we have money just lying around to give to the government. More and more tax season seems like a game that we have to try and win if we want to keep our own money.
Fortunately, there’s a few ways you can ensure you get your Australian tax back–and some of them are free!
- Lodge your tax return early. I know at the beginning of tax season, none of us care, Frankly, taxes are the last thing we want to think about any time of the year. Unfortunately, we’re forced to. Fortunately, if you want to get a fair chunk of Australian tax back, filing early is a great way to do that. The earlier you file the more likely you are to qualify for tax bonuses aka free money. That’s worth pulling that notice of assessment out!
- E-lodge your taxes this year. I know, I know. You have a great tax agent. He’s helped you out every year. You trust him. And if that’s the case, go for it. But if you’re excuse if that lodging online is too expensive, so you’d rather do them yourself–well, that’s no excuse at all. Lodging takes time. Lots of it. Lodging online takes almost no time–you can be done in an afternoon! Plus, online services know the best ways to maximise your refund and make sure that you get as much Australian tax back as possible!
- Keep track of where your money went. Ok, so maybe this bit of advice is better for next year, but you can still do it now by retracing your steps (so to speak…). The fact is, the more you keep track of where your money is going, the more bonuses and credits your qualify for. Which means the more Australian tax back you get. Neat, huh? So start making of list of your biggest expenses and gains and see if you can’t find a way to draw blood from a stone and get the Australian tack back you deserve!
Of course, there are lots of ways to get Australian tax back–but you don’t realize they are there until you lodge. So don’t waste anymore time and let anymore bonuses or refunds pass you by. Lodge as soon as you can and have it done with. Just don’t gloat when everyone is scrambling to do them a few months from now.