As a October 2023, my daughter had an $11,000 HECS debt. She will have been paying it off during the year, but until she submits her next tax return she won’t know what her actual debt is until Oct 2024 until the payments made through the tax system are credited to her account.
So, if she pays off the $11,000 before the end of May 2024, and she has made approximately $6000 worth of payments through the tax process (based on the previous year payments), how will she be refunded any over payment (which may be in the vicinity of $5000)? Is it done through her tax return?
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220 views
2 replies