My HECS repayments come out of my pay every month. My tax is also withheld every month. I just did an online tax return estimator, which is saying that I don’t get a tax return due to my HECS repayment being due.
If, for example, my HECS liability is $5k and my estimated tax return should be $5k, how is my tax return nothing when I have had amounts withheld from my pay all year? Is it because our loans got indexed and went up so now the money taken out of pay doesn’t cover it?
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172 views
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