Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
I`m a Sole trader, have my 3 steps done 10 days ago and didn`t received any payment yet. Is this a regular time frame? Should I`ve already received the payment, or any contact from ATO? Should I contact them to check if there`s anything wrong?
I`m really struggling and was hoping to receive it early this week.