How do i know if i owe ATO money? Does credit means i need to pay?
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5,226 views
1 replies
Hi @Jjxhna,
When you see a "CR" (credit) amount, that means a tax credit is owed to you. If your tax return has finished processing and shows as "issued", the credit will be sent to your bank account.
If you owe tax you would instead see a "DR" (debt) amount, which you would need to pay.
All replies
Hi @Jjxhna,
When you see a "CR" (credit) amount, that means a tax credit is owed to you. If your tax return has finished processing and shows as "issued", the credit will be sent to your bank account.
If you owe tax you would instead see a "DR" (debt) amount, which you would need to pay.
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