Tax Free Threshhold for 2013 - $18200

See these posts with tips, calculators and checklists to help you prepare your eTax Return (and get a better refund) with less hassle - checklist of eTax and Assessable Income and deductions and checklist of eTax and Allowable Deductions.

From 1 July 2012, the tax-free threshold increased to $18,200, and the low-income tax offset reduced to $445, making the effective tax-free threshold $20,542.

Even if your income is under the threshhold there are reasons why you may still need to lodge an income tax return:
  • The most common reason would be that you had pay as you go (PAYG) withheld from payments received during the year - you can claim this as a refund.
  • Entitlements to some government benefits, like FTB, require up-to-date tax return lodgments.
  • Check that you have accounted for all income for the year - for example, we sometimes have clients who may have received a small amount of Centrelink income and forget to include it as income. These amounts may push the income over the threshold.

 Adjustments to Tax Free Threshold

 If you become or cease to be a resident of Australia for tax purposes your tax free threshold may be adjusted. See this post for details of Tax Free Threshold Adjustment.

E-tax Return

See these posts with tips, calculators and checklists to help you prepare your eTax Return (and get a better refund) with less hassle:
For help with your eTax return see our eTax Return Checklist.

Web Based Tax Return App:

A benefit of using eZtax, our web based tax return app, is we have the genuine online tools, knowledge and experience to get the best tax refund for our clients, making it easy to complete your annual tax return online.

Our Web Based Tax Return App will step you through all the necessary questions to increase your  tax refund and take into account all relevant tax deductions and tax offsets. Try it now. Its FREE to get started! 

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