I am retired with income from some shares and an income stream. Since retirement some years ago my income has been below the tax threshold. The Tax office prepared my return in 2024-25. I agreed to it, but I now find it was incorrect. What do I do?
You lodge and Amended tax return.
You should consider having a meaningful discussion with an accountant who is fully experienced with tax returns and lodgements.
Amend it online, on paper or via a tax agent, no doubt influenced by how "incorrect" the return was and the extent of the corrections you wish to make.
Amend your tax return | Australian Taxation Office
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