2021 Tax Returns are all systems GO! Existing user? Your username is [username] New to Gotax? Sign up now! |
When do I get my tax refund? Most refunds are usually issued within a week of lodging your tax return. But here’s a couple of things you need to be mindful of:
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Your Centrelink benefits may come back to BITE you if you’re not smart… For those receiving Centrelink benefits and employment income, it’s important to make sure that you are asking Centrelink with withhold tax from your payments. Why?! Centrelink benefits like JobSeeker & Single Parent Pension are TAXABLE. This means that you actually have to pay tax on this money. So, your boss withholds enough tax on your employment income to cover you there, but if you are not having tax withheld from your Centrelink benefits and you exceed the tax-free threshold, you’ll have to pay tax on your employment income and Centrelink benefits combined. And that can really suck! So, be smart. Ask Centrelink to withhold tax from your benefits. You’ll thank us later. |
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