Author: YEP(Devotee)Devotee 26 Aug 2025
The tax on your taxable income would be $25,785.76 including mc levy and if you take into account the Tax Instalment deductions of $32,236 then for this financial year you will have a credit of $6,450.24 .. which means your current outstanding debit from last return is $34,450 ???
Something doesn't sound right here
Author: Tess44(Newbie)Newbie 26 Aug 2025
No last year financial tax debt was $1400 this was because i had earnt some earnings from Centrelink payments and one job. Instead I chose for this current financial year to not claim the tax free threshold to be safe. I am looking for a second job with full time hours as I’m coming off those payments soon. I will also not claim the tax free threshold on second job either. When putting in the second salary of the second job through through a pay calculator I added both salaries of both jobs just estimating it with the no free tax threshold claim added. I then went through a tax return calculator on another website just to see how much I would owe or receive and the calculator pinged out $28000 owing. It was a H&R type of website which I am sure is wrong. It was an estimate but that estimate sounded Cleary wrong.
Author: YEP(Devotee)Devotee 26 Aug 2025
There is something wrong here ... did you have something like non-resident selected in the calculator ????
Try it again in the calculator and go through each step carefully. Use the below ATO simple tax calc if your not doing so already
https://www.ato.gov.au/calculators-and-tools/tax-return-simple-tax-calculator
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