How do I lodge my Tax Return Online

How to Lodge Your Tax Return Online with Gotax.com.au

Lodging your tax return online has never been easier, thanks to platforms like Gotax.com.au. Here’s a step-by-step guide to help you navigate the process. Before you start, it’s time to gather all the necessary information so we get this all done in one go.

Step-by-Step Guide to Lodging Your Tax Return Online

1. Visit GoTax.com.au

   • Open your web browser and go to www.gotax.com.au.
   • If you don’t have an account, you’ll need to create one. If you already have an account, simply log in.

2. Personal Details

   • Ensure you have all your personal details handy, including your full name, date of birth, Tax File Number (TFN), and contact information.

3. Income Information

   • Gather all your income statements, such as:
     • PAYG payment summaries from your employers.
     • Bank interest statements.
     • Dividends from shares.
     • Rental property income.
     • Any other income sources, including foreign income.

Most if not all of your income information will be automatically populated with the Gotax prefill process.  So sit back and relax, and you'll just need to check that nothing is missing.

1. Expense Records

   • Collect receipts and records for any tax deductible expenses, such as:
     • Work-related expenses (e.g., uniforms, tools, travel).
     • Home office expenses (e.g., electricity, internet).
     • Self-education expenses related to your current job.
     • Donations to registered charities.

2. Family Details

   • Have details of your spouse and dependents ready, including their names, dates of birth, and income information if applicable. This information is crucial for claiming family-related offsets and concessions.

3. Offsets and Concessions Checklist

   • Ensure you have information ready for any offsets and concessions you might be eligible for, such as:
     • Private health insurance details.
     • Details of any superannuation contributions.
     • Dependent (invalid and carer) tax offset.
     • Zone and overseas forces tax offset (if applicable).

Checklist for Offsets and Concessions

To help you ensure you have everything you need, here’s a handy tax checklist:

• Personal Details:

  • Full name
  • Date of birth
  • Tax File Number (TFN)
  • Contact information

• Income Information:

  • PAYG payment summaries
  • Bank interest statements
  • Dividends
  • Rental property income
  • Foreign income

• Expense Records:

  • Work-related expenses receipts
  • Home office expenses receipts
  • Self-education expenses receipts
  • Donation receipts

• Family Details:

  • Spouse’s full name, date of birth, and income information
  • Dependent’s full names and dates of birth

• Offsets and Concessions:

  • Private health insurance details
  • Medical expenses records
  • Superannuation contributions details
  • Dependent (invalid and carer) tax offset information
  • Zone and overseas forces tax offset information

Lodging Your Return

1. Enter Your Information

   • Once logged in, follow the prompts to enter your personal details, income information, expenses, and family details.

2. Review and Confirm

   • Carefully review all the information you’ve entered to ensure accuracy. GoTax.com.au will guide you through the process and highlight any potential errors or missing information.

3. Submit Your Return

   • After reviewing you need to "Finalise" your return.  Once done Gotax will check your Income tax return and contact you for anything you may have missed or anything we need further information on.  Then GoTax.com.au will lodge your return with the Australian Taxation Office (ATO) on your behalf.

4. Confirmation and Follow-Up

   • You’ll receive a confirmation once your return has been successfully lodged. You will receive confirmation of lodgement together will a full copy of your income tax return and your tax deductible receipt for our services. Keep an eye on your email for any further follow-up communication from the ATO or GoTax.com.au.

Final Tips

• Keep Records: Maintain copies of all documents and receipts used to prepare your tax return. Download the Gotax Deduction Grabber App to keep your records secure.  Scan the QR code.
• Seek Help if Needed: If you’re unsure about any part of the process, consult a tax professional for advice.
• Stay Informed: Tax laws and regulations can change, so stay updated on any new rules that might affect your tax return.  Use the GotaxAi intellegent tax Q&A system Phoebe to get your questions answered.

By following this guide and using GoTax.com.au, you can lodge your tax return online efficiently and accurately. Happy filing!